Veolia eyes hazardous waste treatment growth

France-based Veolia, which has sizable environmental services operations in the United States, has set “bold growth goals” in the U.S. market, one of which is to treat 2 million tons of hazardous waste annually by 2027.

Veolia aims to strengthen its position as leader in hazardous waste treatment in the U.S., in part using its ability to help customers to be compliant with evolving regulations. Compliance, the company says, is a key market differentiator.

The company announced its corporate goals at an event for investors in April in New York.

Regarding the U.S., Veolia says it is a fast-growing market thanks to $2 billion in public funding for infrastructure, manufacturing reshoring and competitiveness.

The firm estimates the “accessible” hazardous waste market is expected to grow to be an $11 billion industry sector in 2027, with 8 million tons of hazardous waste per year generated by then.

“Today, the United States is one of the fastest growing markets for environmental services,” Veolia CEO Estelle Brachlianoff says. “Industrial reshoring, water scarcity, public health—all these priorities are driving growth in demand.

“As a long-standing player and world leader in ecological transformation, Veolia is committed to contribute its know-how and expertise to serve the needs of American customers in solving these problems. And we are setting ourselves ambitious targets to expand and reinforce this positive impact.”

The company already has achieved 2.6 times growth between 2019 and 2023 in the U.S. to reach $5.4 billion in sales last year. Veolia aims to increase its revenue by 50 percent by 2027, and to double its revenue by 2030.