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Spanish environmental technology firm Greene Enterprise has secured €224 million in financing from the European Investment Bank (EIB) and Banco Santander to construct five advanced waste recovery plants across Spain. The funding—split evenly between the two institutions—will support the development of facilities designed to convert over 200,000 tonnes of non-recyclable waste annually into reusable industrial materials.
Project Overview
The plants will utilize advanced pyrolysis technology to process industrial and municipal waste, transforming it into pyrolytic oil, char, and other high-value by-products. This approach diverts waste from landfills and incineration, aligning with the EU Circular Economy Action Plan and broader climate goals.
“These plants will focus on the reject fraction—waste that would otherwise be incinerated or sent to landfills,” Greene stated.
Locations and Timeline
The facilities will be located in:
- Muel (Zaragoza)
- La Selva del Camp (Tarragona)
- San Cristóbal de Entreviñas (Zamora)
- Madridejos (Toledo)
- As Somozas (A Coruña)
Two sites—Valogreene CML Madridejos and Valogreene Recinor As Somozas—have been designated as priority interest projects by regional governments and are expected to be operational by 2026. All five plants are scheduled to be fully commissioned by 2029.
Economic and Environmental Impact
Each facility is projected to create over 20 direct jobs and 40 indirect jobs, contributing to regional development and economic cohesion. Collectively, the plants will reduce CO₂ emissions and support Spain’s transition to a low-carbon, resource-efficient economy.
This initiative reflects growing institutional support for green industrial innovation and demonstrates how public-private partnerships can drive sustainable infrastructure development.
You can read more from the European Investment Bank’s official announcement, esgnews.com and Devdiscourse’s coverage.
