Veolia, ADQ and Vision Invest to acquire two hazardous industrial waste treatment plants from ADNOC Refining.

Veolia, a French transnational company, ADQ, a holding company, and Vision Invest, a Saudi Arabian development and investment holding company, agreed to acquire two hazardous industrial waste treatment plants from ADNOC Refining, an oil company. Financial terms were not disclosed. “With over 40 years’ experience, Veolia is a historic partner of the industries in developing robust and circular solutions for treating the most complex types of waste. This new development builds on our expertise as the world leader in hazardous waste treatment and we are immensely proud to continue to accompany ADNOC for the decades to come in its sustainable growth. It also underlines Veolia’s position as a strategic ecological transformation partner of the United Arab Emirates where the Group is also active in water, waste and energy segments, and reinforces our leading role in the hazardous waste treatment in the Middle East," Estelle Brachlianoff, Veolia CEO.