Renewi is a pure-play recycling company that focuses on extracting value from waste and used materials, diverting waste flows from incineration or landfill. The company sorts and processes more than 10 million tonnes of waste and wastewater at around 150 sites, primarily across the Netherlands and Belgium, two of Europe’s most advanced circular economies. Renewi utilises innovative processes and advanced technology to transform waste into circular materials, including paper, metal, plastics, glass, wood, building materials (including sand, gravel and cement replacements), compost and water.

The Consortium will support Renewi to further enhance its position as the circular economy leader across the Netherlands, Belgium, France and Portugal, and will support the business’ transformation initiatives, including the One Renewi strategy that was recently launched to strengthen Renewi’s logistics and processing capabilities. The Consortium’s investment will also enable Renewi to achieve its growth ambitions and increase the company’s recycling yield further.

Gabriele Duesberg, Head of Diversified Infrastructure – EMEA at Macquarie Asset Management, said: “We are delighted to have finalised the acquisition of Renewi, a market leader in the waste sector. As countries across Europe look to transition to waste-free economies, Renewi is well positioned to capitalise on this demand with its strong growth ambitions and innovative waste solutions. We look forward to supporting the business as it becomes a European leader in the circular economy.”

Lincoln Webb, Executive Vice President & Global Head, Infrastructure & Renewable Resources at BCI, said: “This acquisition represents an exciting opportunity for us to work alongside Renewi, an established player in the waste sector. We look forward to supporting the business with its transformation initiatives and long-term growth plans, helping to contribute to a more circular economy in Europe.”

Annemieke den Otter, Chief Financial Officer and Board Member at Renewi, said: “We are excited to partner with the Consortium as we focus on advancing circularity and becoming the leading waste-to-product company for Europe’s most advanced circular economies. We have made great progress on this goal over recent years, and as I look ahead, I am confident that with this new collaboration, and through the passion and dedication of our teams, we will create a more sustainable society for all.”

Macquarie Asset Management has invested in, managed and supported the development of assets in the waste management sector for more than 15 years in Europe, the Americas, and Asia-Pacific. Through its investments, Macquarie Asset Management supports the growth strategies of these waste management companies by providing additional capital to scale the businesses, while investing in initiatives to improve performance.

Macquarie Group has been invested in the Benelux region for 20 years. Since 2005, Macquarie Group has been investing in the region’s infrastructure including HES International, one of Europe’s largest diversified port terminals, and SkyNRG, a developer of sustainable aviation fuel.

BCI’s investment in Renewi was made through its Infrastructure & Renewable Resources program, which invests in tangible long-life assets in the Americas, U.K., Europe, and Asia Pacific, including a portfolio of direct investments in regulated utilities, energy, telecommunications, transportation, timberlands, renewable resources and agri-businesses. BCI Infrastructure & Renewable Resources has a long-established presence in the U.K. and Europe through notable direct investments such as A2 Motorway, Eku Energy, National Gas Transmission, and Reden Solar.

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U.S.-based company revolutionizing plastic recycling, announced today the plan to bring one billion pounds of installed capacity online before 2030 across the United States, Europe and Asia. This plan is catalyzed by the execution of binding agreements for a $300 million capital raise. The Company entered into a transaction with a series of new and existing investors, including Duquesne Family Office LLC, Wasserstein Debt Opportunities, Samlyn Capital, Pleiad Investment Advisors and Sylebra Capital Management.

PureCycle CEO Dustin Olson said, “Following significant production progress at the Ironton Facility, momentum in our commercialization efforts and confidence in financing efforts, the time for growth is now. Over the last several years, we have continued to invest time and resources in progressing our global growth plans and this capital will allow us to execute on those plans. We’re excited to share these attractive investment projects with investors.” Olson added, “This is an impressive group of investment organizations and we are thankful for their continued support.”

This capital raise coincides with the start of a new partnership with IRPC Public Company Limited (IRPC), Southeast Asia’s petrochemical pioneer, to build a new polypropylene (PP) recycling facility in Thailand. This will allow PureCycle to construct a 130-million-pound line at IRPC’s eco-industrial zone in Rayong, Thailand.IRPC is the first fully integrated petrochemical operator in Southeast Asia. Its production structure comprises petroleum and petrochemical complexes complete with utilities and infrastructure supporting the operations, including a deep-sea port, oil depots and power plants. PureCycle can leverage this existing site infrastructure to reduce the costs of construction activities. Construction of this facility will begin in the second half of 2025 and is expected to become operational in mid-2027.

This partnership and the progress made with our European partners enhanced the cadence of the Company’s growth plans. The company will build one 130-million-pound line in both Thailand and Antwerp. Then, after integrating the learnings from Ironton into the base design package, the Company will enhance the Augusta facility to house a larger Gen 2 line. The final Gen 2 design for Augusta is expected to have a capacity of greater than 300 million pounds per year, before compounding, and the actual design capacity will be announced in early 2026 following the completion of the engineering activities.  

Both Thailand and Antwerp offer PureCycle access to mature feedstock opportunities, strong infrastructure synergies and low-risk expansion opportunities. PureCycle is currently advancing the permitting process in Europe and expects to receive the final permits in 2026. The Antwerp Facility is projected to be operational in 2028.

Construction is expected to begin on the Gen 2 facility in Augusta in mid-2026. This line will be fully integrated with pre-processing (PreP) and compounding assets, and the larger plant size will allow us to better leverage the greenfield expansion at Augusta. PureCycle expects to have the Augusta PreP facility operational in mid-2026 and the first Augusta purification line operational in 2029.

The Series B convertible perpetual preferred stock (the “Convertible Shares”) have a conversion price equal to a 30% premium to the 10-day VWAP of the Company’s common shares, following the market close on June 16, 2025. The Convertible Shares will pay cumulative dividends in the amount of 7% per annum, payable in kind or cash at the Company’s option.PureCycle anticipates that the transactions will fund and close on June 20, 2025.PureCycle will hold a conference call to discuss the capital raise and expansion plans this morning. Conference call details are below:

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Lead Levels in Children Continue to Decline Near Umicore’s Hoboken Site

The Provincial Institute of Hygiene (PIH) has reported a continued decline in blood lead levels among children living near Umicore’s Hoboken facility. The latest half-yearly measurements, conducted in spring 2025, show the average blood lead level has dropped.Since fall 2023, the voluntary testing program has expanded beyond the Moretusburg and Hertogvelden neighborhoods to include Visputten, Kapelstraat, and Vinkevelden—areas northeast of the site. This expansion, initiated in part at Umicore’s request, reflects changes to the landscape, such as the transformation of a residential zone into a green buffer area near the site walls. The broader study area enables a more comprehensive understanding of potential lead exposure sources and the impact of environmental mitigation efforts.

In the latest round, 264 children participated in the testing. In the neighborhoods closest to the plant—Moretusburg and Hertogvelden—the average lead level fell to 2.29 µg/dl, down from 2.46 µg/dl last fall. Only one child recorded a lead level above 10 µg/dl, compared to two in the previous cycle, one of whom belonged to the control group.

The ongoing decrease in blood lead levels demonstrates the effectiveness of our commitment to environmental improvement. We invest €25 million each year in advanced environmental projects to support this progress.
However, Ramharter also noted that the expanded testing area and in-home surveys requested by residents have identified other lead sources in the community, including lead water pipes, lead-based paint, and construction activities. In a neighborhood shaped by its industrial legacy, he emphasized the need for shared responsibility in achieving a long-term solution.

Testing Results Overview

Measurement	Spring 2025	Autumn 2024	Spring 2024
Participating children (% of local child population)	264 (38.5% of 686)	258 (40.6% of 636)	300 (43.9% of 684)
Area-wide average lead level	2.05 µg/dl	2.34 µg/dl	2.70 µg/dl
Control group average	1.69 µg/dl	1.65 µg/dl	2.20 µg/dl
% Children > 4 µg/dl	4.6%	8.2%	14%
% Children < 2 µg/dl	61.3%	49.2%	35.5%
Children > 10 µg/dl	1	2 (1 in control group)	0
Avg. in Moretusburg–Hertogvelden	2.29 µg/dl	2.46 µg/dl	2.96 µg/dl

Families of children with blood lead levels above 4 µg/dl receive follow-up support from a dedicated prevention worker. Additionally, Umicore offers free in-home testing for lead dust and other potential sources. Households can also request free professional de-dusting, particularly in connection with renovation projects.

Umicore’s environmental investments focus on reducing airborne metal particles generated during the recycling of precious and critical metals. Key measures include:

• Advanced air purification systems in production facilities
• Additional gas scrubbing at the blast furnace
• Weather-adjusted site operations
• Hundreds of meters of windbreak barriers

A new connecting road, set to open in 2026, will further enhance environmental outcomes by replacing the current Adolf Greinerstraat route, which currently runs through the industrial zone.

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Casella Waste Systems to Ring Nasdaq Opening Bell in Celebration of 50th Anniversary

Casella Waste Systems, Inc. (Nasdaq: CWST), a regional leader in solid waste, recycling, and resource management services, will ring the Opening Bell at the Nasdaq MarketSite in Times Square today in celebration of its 50th anniversary.

Chairman and CEO John W. Casella, President Ned Coletta, and Founder and Vice Chairman Doug Casella will be joined by members of Casella’s leadership team and board of directors to mark the milestone.

It’s an honor to ring the Opening Bell at Nasdaq in recognition of our 50th Anniversary,” said John W. Casella. “Since our IPO in 1997, Nasdaq has played an important role in our journey.Founded in 1975 with just a single truck, Casella has grown into a comprehensive environmental services provider, offering solid waste collection, recycling, organics processing, transfer, and disposal services to over one million customers across ten eastern states. The company also delivers professional resource management services to more than 10,000 locations in over 40 states nationwide.

Casella’s commitment to sustainability began early, establishing Vermont’s first recycling facility in 1977. As a founding member of the EPA Climate Leaders program, Casella has earned numerous accolades for its environmental leadership, including the EPA’s Climate Leadership Award for Excellence in Greenhouse Gas Management. According to the company’s latest Sustainability Report, for every ton of greenhouse gas emitted by its operations, Casella’s services prevent approximately 5.6 tons of emissions elsewhere in the economy.Sustainability has always been at the heart of our business,” said Casella. “Our progress is a testament to the dedication of our more than 5,000 employees. Honoring them on the global stage—on Global Garbageman Day and at the start of Waste and Recycling Workers’ Week—is a meaningful way to recognize their essential contributions to our communities.

Global Garbageman Day honors the individuals who keep neighborhoods clean by collecting and managing waste and recycling. The celebration also marks the beginning of National Waste and Recycling Workers’ Week, which acknowledges the essential work of industry professionals across the country. Casella Waste Systems, Inc. (“Casella”) (Nasdaq: CWST), a regional solid waste, recycling, and resource management services company, today announced that it will ring the Opening Bell at the Nasdaq MarketSite in Times Square on Tuesday, June 17, 2025.

Casella Chairman and CEO John W. Casella, President Ned Coletta, and Founder and Vice Chairman Doug Casella will be joined by members of the Casella leadership team and its board of directors.

It’s an honor to be invited to ring the Opening Bell at Nasdaq in recognition of our 50^th Anniversary,” said John W. Casella. “Since our initial public offering in 1997 to where we stand today, Nasdaq has been a tremendous partner in our success.Founded in 1975 as a single truck collection service, Casella has grown its operations to provide solid waste collection and disposal, transfer, recycling, and organics services to more than one million residential, commercial, municipal, institutional, and industrial customers in ten eastern states and provides professional resource management services to over 10,000 customer locations in more than 40 states nationwide.

The company’s commitment to being a sustainable enterprise began almost immediately when it established Vermont’s first recycling facility in 1977. As the only waste and recycling company among the founding members of the EPA Climate Leaders program, Casella’s climate leadership has been recognized by the EPA, the Association of Climate Change Officers, the Center for Climate and Energy Solutions, and the Climate Registry with a Climate Leadership Award for Excellence in Greenhouse Gas management. According to its most recent Sustainability Report, for every ton of greenhouse gas the company emits through its operations, Casella’s services prevent an estimated 5.6 tons of greenhouse gas emissions elsewhere in the economy.

Sustainable materials management has been the foundation of our business since it began,” said Casella said. “We continue to make progress towards a more sustainable future and achieve greater circularity for customers and communities due to the consistent dedication and hard work of more than 5,000 Casella employees. Recognizing all of them on the world stage, on Global Garbageman Day and as a kickoff to Waste and Recycling Workers’ Week, helps to shine a light on all their contributions to society day in and day out.

Global Garbageman Day is a day dedicated to recognizing and celebrating the efforts of the men and women who keep our communities clean by collecting garbage, recyclables, and other waste. This day also acknowledges the broader role of waste management in protecting the environment and making the world a better place and officially begins National Waste and Recycling Workers’ Week, a week-long celebration honoring the individuals in the waste and recycling industry for their hard work and dedication.

To watch the ceremony live, please visit: casella.com/bell-ringing

ABOUT CASELLA WASTE SYSTEMS, INC.

Casella Waste Systems, Inc., headquartered in Rutland, Vermont, provides resource management expertise and services to residential, commercial, municipal, institutional and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services in the eastern United States. For further information, investors may visit the Company’s website at www.casella.com.

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As a second-year apprentice technician in GFL’s Victoria, British Columbia, Truck and Transport division repair shop, Taylor Bocsik has faced a steep learning curve. She credits her colleagues with providing ongoing support that’s helped her learn a new trade and build confidence in her abilities.When I first started, the team was very supportive of me and helped me every way they could,” Bocsik said. “One of my colleagues essentially gave me his toolbox, so I didn’t have to ask everybody for tools.

Even though Bocsik’s dad used to have a shop of his own and is now an automotive instructor at Camosun College in Victoria, she never considered following in his footsteps. She spent five years working in retail until she was ready for a change and enrolled in Camosun College’s Women in Trades program in 2023.During the three-month program, Bocsik was introduced to a variety of trades, including carpentry, electrical, and mechanics.

I was never super interested in mechanics until I did the Women in Trades program and then I realized it was cool to be able to fix your own vehicle,” Bocsik said. “But it was when we did the heavy duty portion and I drove an excavator that I realized this is it.Bocsik did her work experience at GFL and that led to her being hired almost two years ago. When she first started, she worked mainly on servicing the vehicles, which she still does, but she’s also learned how to do a variety of repairs.

Recently, I finished replacing an engine harness on one of our trucks,” Bocsik said. “What I do changes every day.Bocsik has her level 1 ticket and will be returning to college for second-year studies in September. It takes four years of schooling altogether to complete her Red Seal designation. In between her studies at Camosun College, she will continue to gain hands-on experience at GFL.

Bocsik says the people she works with at GFL are what she enjoys most about her job and describes the team as “a family”.We all work together really well and there’s no shame if I don’t know something and have to ask someone for help,” Bocsik said. They’re always ready to lend a hand.Besides her job duties, Bocsik is active on GFL’s Joint Health and Safety Committee (JHSC). She conducts monthly shop inspections and arranges for repair or replacement of equipment, when needed.She also holds Toolbox Talks every Wednesday where the team goes over any safety concerns that might arise.

Bocsik’s advice to others who are thinking of going into the trade is to tough it out and not give up. You won’t understand everything right away but you will learn everything you need to know in time.As challenging as it can be to apprentice and learn so many things, it does get easier,” Bocsik said.When she’s not working on the GFL fleet, Bocsik’s working on her two trucks at home. She also loves working in her garden where she grows vegetables and flowers, hiking, sitting by the water, and going on little adventures.

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Investor coalition helps Veolia sharpen its road to net‑zero

Since February 2023, a seven‑member investor group within the Net Zero Engagement Initiative (NZEI) has worked hand‑in‑hand with Veolia Environnement S.A. to tighten the company’s climate strategy and align it with “Green Up,” Veolia’s growth programme. Led by François Humbert of Generali Asset Management, the team—also comprising ERAFP, Allianz GI, EOS at Federated Hermes, Phoenix Group and the U.K. Pension Protection Fund—pressed for a transition plan capable of cutting emissions while safeguarding long‑term, risk‑adjusted returns. NZEI’s reach itself has swelled from 93 to 115 investor signatories since its 2023 launch, underscoring the financial materiality of climate action.Through a series of meetings and workshops, the investors outlined clear expectations: a business‑by‑business emissions pathway, levers for decarbonisation, full disclosure on coal exposure in Central & Eastern Europe and China, and robust climate governance. Veolia was already drafting its roadmap when it received the NZEI letter in February 2023, but the dialogue accelerated progress.

The resulting plan, published in February 2024, commits to a 50 % cut in Scope 1 & 2 emissions and a 30 % cut in Scope 3 emissions by 2032 versus 2021, on the way to net‑zero by 2050. It also details governance, risk management and metrics in line with TCFD guidance. The Science Based Targets initiative (SBTi) validated the plan in July 2024, and Moody’s awarded it an “Advanced” rating. Veolia has already invested €650 million in climate projects (2018‑2024) and earmarked a further €950 million through 2030.

In response to the EU’s Corporate Sustainability Reporting Directive, Veolia will from March 2025 reclassify operational emissions outside its financial control as Scope 3, updating—but not weakening—its targets; the revised figures were resubmitted to SBTi on 31 March 2025. Both Veolia and the NZEI signatories intend to keep the conversation going, focusing on avoided (Scope 4) emissions, a European coal exit and Chinese coal asset decarbonisation, enhanced methane capture and the translation of these efforts into future capital allocation.

Francois Humbert, Engagement Lead Manager at Generali Insurance Asset Management, as lead of the engagement group said: “We would like to congratulate Veolia for the very significant work performed to publish the Veolia Climate Report, issued in February 2024 and the subsequent SBTi approval in July 2024 along with the “Advanced / NZ-2” transition plan rating from Moody’s. We believe that this is one of the most comprehensive climate reports we have seen in recent years, including a pedagogical explanation and breakdown for each business, emissions trajectory and contributing levers, disclosures on coal in CEE/China and related climate governance. Following the CSRD implementation, we take note of the scope changes, we welcome the clarification which was expected, and we look forward to the SBTi re-validation. We will continue to work with the company on avoided emissions, coal in China, methane, the various business models of the transition, and related improvements in reporting.

This positive outcome was helped by the joint work started in early 2023 between our group and Veolia’s strategy, climate and investor relation teams, who we thank for this very fruitful partnership. The Net Zero Engagement Initiative helped us demonstrate formally that climate is important for many investors, while gathering a sub-group to work with Veolia.

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