VEOLIA ENVIRONNEMENT ADR - VEOEY STOCK NEWS

Veolia and Waga Energy have launched France's largest biomethane production facility, located in Claye-Souilly. This facility will generate 120 GWh of renewable gas annually, serving around 20,000 households and reducing CO2 emissions by 25,000 tons yearly. Veolia already produces 1.6 TWh of biogas in France, aligning with national energy goals. The project is part of a broader initiative to enhance local energy resources and promote sustainability, targeting a cumulative production capacity of 175 GWh by 2024 across four facilities.

Veolia Environnement reported record revenue growth of 9.6% in 2021, totaling €28.5 billion, significantly surpassing pre-pandemic levels. The strong performance was driven by increases in service prices and volume recovery. EBITDA rose 16% to €4.2 billion, with a current net income of €896 million, up 133% from the previous year. A proposal to increase the dividend by 43% to €1 per share was announced. Looking ahead, Veolia anticipates 20% net income growth for 2022, buoyed by synergies from the Suez acquisition and robust demand across its services.

Veolia Environnement announced its regulatory updates as of February 28, 2022. The company reported a total of 699,725,266 shares forming its share capital. The total number of theoretical voting rights is 739,022,861, while 726,509,810 voting rights may be exercised. This reflects the inclusion of a clause in the Articles of Association, requiring a reporting obligation upon crossing a shareholding threshold. These figures are crucial for evaluating the company’s governance and shareholder dynamics.

Veolia North America has successfully completed a partnership with DuPont to transition the Spruance manufacturing facility in Richmond, Virginia, from coal to natural gas, significantly improving energy efficiency. This conversion is projected to reduce greenhouse gas emissions by over 220,000 tons annually, equivalent to removing 44,000 cars from the roads. The project includes repurposing a 200 MW cogeneration facility to produce 500,000 pounds of steam per hour. This initiative aligns with DuPont's climate goals for 2030 and showcases Veolia's commitment to ecological transformation.

TortoiseEcofin announced that Suez SA will be removed from the Ecofin Global Water ESG Index due to its merger with Veolia Environment SA. This removal, effective February 18, 2022, follows index rules triggered by corporate actions like mergers. The Ecofin Global Water ESG Index includes companies engaged in water infrastructure and management. The announcement highlights TortoiseEcofin's commitment to essential assets and its role in this significant industry transaction.

Solvay and Veolia are launching the Dombasle Énergie project, which will replace coal with refuse-derived fuel (RDF) at Solvay's Dombasle plant. This initiative aims to reduce CO₂ emissions by 50% (approximately 240,000 tonnes annually) and stop the import of 200,000 tons of coal each year. The €225 million project, set to commence in 2024, will feature a cogeneration unit with an output of 181 MW thermal and 17.5 MW electrical power. It is expected to enhance competitiveness and secure around 1,000 jobs.

Veolia Environnement provided an update regarding its share capital and voting rights as of January 31, 2022. The total number of shares forming the share capital stands at 699,725,266, with 739,029,654 theoretical voting rights and 726,536,733 voting rights exercisable. This report highlights a clause in the Articles of Association mandating a reporting obligation for crossing shareholding thresholds. The company’s share capital is valued at €3,498,626,330.

TotalEnergies and Veolia have entered a partnership to produce biomethane from Veolia's waste and water treatment facilities across over 15 countries. The initiative aims to generate up to 1.5 terawatt-hours (TWh) of biomethane annually by 2025, enough to power 500,000 homes while cutting CO₂ emissions by 200,000 tons per year. TotalEnergies will market this renewable gas as fuel for mobility and alternatives to natural gas. This collaboration aligns with sustainable development goals and underscores TotalEnergies' commitment to becoming a major player in renewables.

TotalEnergies and Veolia have entered a strategic partnership to produce biomethane from waste across more than 15 countries. This collaboration aims for an annual biomethane production of up to 1.5 TWh by 2025, equivalent to the annual gas consumption of 500,000 residents, and will reduce CO₂ emissions by approximately 200,000 tons per year. TotalEnergies will market this renewable gas as a clean fuel, while Veolia will leverage its expertise in biogas production. This initiative aligns with both companies' goals towards sustainability and the circular economy.