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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Veolia Environnement    VIE   FR0000124141

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VEOLIA ENVIRON. : Veolia Environmental Services produces alternative energy from residual waste and contributes to the energy independance of the Paris region

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04/03/2012 | 10:50am CEST
PRESS RELEASE

VEOLIA ENVIRONMENTAL SERVICES PRODUCES ALTERNATIVE ENERGY FROM RESIDUAL WASTE¹ AND CONTRIBUTES TO THE ENERGY INDEPENDANCE OF THE PARIS REGION

Paris, March 3, 2012._ In 2011, Veolia Environmental Services' facilities for energy recovery in the Greater Paris area covered the electricity needs of 350,000 people and supplied district heating networks serving 46,000 households in the area.

"Using waste as a resource contributes to restoring ecological balances from the main steps of the waste-to-energy process", says Estelle Brachlianoff, Regional Manager of Veolia Environmental Services in the Greater Paris area. "But firstly we have to manage the two key stages: sending the waste to be incinerated or landfilled," she adds.

1. Energy recovery from waste incineration:
Waste is incinerated continuously at over 850 °C. The energy generated by the waste combustion feeds boilers and the steam produced is converted into electricity or heat.
In 2011, Veolia Environmental Services' eight facilities² in the Greater Paris area covered the electricity needs of 130,000 people and supplied district heating networks serving 46,000 households in the area.
2. Energy recovery from non-hazardous waste landfills:
The natural decomposition process of waste in landfills spontaneously produces biogas. Veolia Environmental Services captures this gas at the source and regulates its output thanks to a patented process developed in its research center. Méthacontrol® increases the amount of biogas captured by up to 15% compared with standard processes. As biogas has a high heating value, it is then converted into energy.
In 2011, three of Veolia Environmental Services' facilities3 covered the electricity needs of
220,000 people.
In addition, the first biomethane fuel production unit, using biogas from the Claye-Souilly landfill, is fueling some 10 light vehicles and a household waste collection vehicle, all equipped with engines using compressed natural gas (CNG). The vehicles fill up on Méth'OD®4 directly on site.
The waste-to-energy processes developed by Veolia Environmental Services come within the framework targets of the European Union, which include achieving a 23% share of renewable energies in the EU's energy mix by 2020.

1 Residual waste is that part of household waste that remains after organic and material recycling

2 Guerville (78) ; Saint-Ouen l'Aumône (95) ; Sarcelles (95) ; Monthyon (77) ; Vaux-le-Pénil (77) ; Montereau (77) Rungis (94) ; Villejust (94)

3 Claye-Souilly (77) ; Bouqueval (95) and Fouju (77)

4

Methane 100% Waste origin

*****

Veolia Environmental Services. Veolia Environmental Services is the global benchmark for waste management and resource recovery, and the only operator across all segments of the waste management business (solid, liquid, non-hazardous and hazardous waste). The company contributes to a better environment by providing its municipal and industrial clients with innovative, efficient waste management services that span waste collection, pipe system management, and waste treatment, recovery and recycling solutions. Veolia Environmental Services generated 2011 revenue of 9.7 billion euros. www.veolia-environmentalservices.com Veolia Environnement (Paris Euronext: VIE and NYSE: VE) is the worldwide reference in environmental solutions. With more than 315,000 employees the company has operations all around the world and provides tailored solutions to meet the needs of municipal and industrial customers in four complementary segments: water management, waste management, energy management and passenger transportation. Veolia Environnement recorded revenue of €29,6 billion* in 2011. www.veolia.com

* Excluding Veolia Transdev revenues currently under divestment

Contacts

Marie-Claire Camus Stéphane Galfré

Tel: 01 71 75 06 08 Tel : 01 71 75 19 27

[email protected] [email protected]

1 Residual waste is that part of household waste that remains after organic and material recycling

2 Guerville (78) ; Saint-Ouen l'Aumône (95) ; Sarcelles (95) ; Monthyon (77) ; Vaux-le-Pénil (77) ; Montereau (77) Rungis (94) ; Villejust (94)

3 Claye-Souilly (77) ; Bouqueval (95) and Fouju (77)

4

Methane 100% Waste origin

distributed by

This press release was issued by Veolia Environnement SA and was initially posted at http://www.veolia.com/veolia/ressources/files/3/11815,PR-VES-Greater-Paris-0304.pdf . It was distributed, unedited and unaltered, by noodls on 2012-04-03 10:37:09 AM. The issuer is solely responsible for the accuracy of the information contained therein.

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Financials (€)
Sales 2017 24 888 M
EBIT 2017 1 382 M
Net income 2017 533 M
Debt 2017 8 114 M
Yield 2017 4,22%
P/E ratio 2017 19,90
P/E ratio 2018 16,87
EV / Sales 2017 0,76x
EV / Sales 2018 0,74x
Capitalization 10 918 M
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 20,9 €
Spread / Average Target 8,1%
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NameTitle
Antoine Frérot Chairman & Chief Executive Officer
François Bertreau Chief Operating Officer & Senior EVP
Philippe Gaston H. Capron Chief Financial Officer & Senior Executive VP
Christophe Nebon Director-Technical & Performance
Louis Schweitzer Vice Chairman
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