The acquisition of FE4, which concentrates on tyre and plasterboard recycling to turn such waste into energy and fuel and reduce carbon emissions and carbon footprint in terms of waste disposal management, marks GreenWorld entry in the waste recycling industry.
GreenWorld will assist FE4 in pursuing a buy and build strategy of six sites over the next five years building a turnover at each site of approximately $4m from the recycling activities, advancing UK government drive to cut carbon emissions and increase the amount of renewable energy by 2050.
GreenWorld CEO Leo Heinl said that the technology and vision of FE4 perfectly matches GreenWorld’s strategy to stimulate environmentally sound technologies, a win-win situation – reducing and recycling waste and producing renewable energy.
