Herambiente is Italy's leading company in the waste treatment and disposal sector. It owns and operates a portfolio of approximately 100 waste treatment facilities, primarily located in Emilia-Romagna. These facilities include landfills, waste-to-energy plants, anaerobic digestion units, and various waste sorting facilities.

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Overview

Herambiente generates revenue primarily through waste treatment and disposal services, as well as the sale of by-products, such as electricity from incineration, biogas from landfills, and recycled materials. In 2023, the company processed approximately 7.2 million tons of waste and sold 787 GWh of electricity and thermal energy.

Why we invested

Herambiente had a strong market position in its home region of Emilia Romagna and more broadly in Northern and Central Italy, with its large plants portfolio providing technology diversification and exposure to increased recycling across Europe.

The highly fragmented market in which it operates offers significant consolidation opportunities and the expertise and environmental permits required to build new facilities provide significant barriers to entry.

Recent developments

Herambiente has acquired TRS Ecology, further strengthening its presence in Northwestern Italy. This marks the sixth major acquisition since our investment. 

Herambiente is investing €50 million to build a new plant dedicated to recycling rigid plastics. This initiative is part of the company's commitment to advancing circular economy objectives and is expected to reduce CO₂ emissions by 30,000 tons annually.

Herambiente and Fincantieri have partnered to establish a new company to manage nearly 100,000 tons of industrial waste generated annually by Fincantieri's shipyards. In addition, Herambiente and Eni have partnered to develop a waste management platform in Ravenna capable of processing up to 60,000 tons of oil and gas waste per year. 

Finally, Herambiente and INALCA have jointly developed a new biomethane plant that produces approximately 3.5 million m³ of biomethane annually, along with compost derived from organic and food waste.