Greene Enterprise Secures €224 Million to Build Waste-to-Value Plants in Spain

Spanish environmental technology company Greene Enterprise has secured €224 million in financing from the European Investment Bank (EIB) and Santander to construct five cutting-edge industrial plants across Spain. These facilities will focus on converting non-recyclable waste into valuable industrial products, helping to reduce reliance on landfills and incineration.

Using advanced pyrolysis technology, the plants will process over 200,000 tonnes of waste annually, producing pyrolytic oil, char, and other reusable materials. The initiative supports the EU’s Circular Economy Action Plan and the EIB’s climate and regional cohesion goals under its 2024–2027 Strategic Roadmap.

The new facilities will be located in Muel (Zaragoza), La Selva del Camp (Tarragona), San Cristóbal de Entreviñas (Zamora), Madridejos (Toledo), and As Somozas (A Coruña). The Valogreene CML Madridejos and Valogreene Recinor As Somozas plants are nearing completion and expected to begin operations in 2026. Two sites, in Aragón and Galicia, have been designated as strategic projects by their respective regional governments.

Greene’s technology offers a sustainable alternative for treating urban and industrial solid waste, biomass, and sludge by transforming reject fractions (that typically end up in landfills) into industrial feedstock. The initiative is expected to reduce CO₂ emissions and enhance resource recovery.

Each plant will generate over 20 direct and 40 indirect jobs, contributing to economic growth in the host towns. The plants are scheduled to be fully operational between 2026 and 2029, marking a significant step forward in Spain’s transition toward a circular economy.

Source: eib.org