• Atterologo



    Attero owns two energy from waste (‘EfW’) plants, two sorting and pre-treatment facilities, six anaerobic digestion facilities, seven composting facilities and 10 landfills. The company processes waste from a diverse mix of domestic municipalities, commercial and industrial customers, as well as a number  of UK and Irish exporters.

    Attero has good revenue visibility due to its long-term contracts with customers. It is well positioned within the Dutch market with two of the largest and most efficient EfW plants in the country, strategically positioned with good port, road and rail access for both import and domestic waste supply. In addition, Attero is strongly positioned to benefit from favourable underlying trends in the European waste market, driven by EU directives targeting more recycling.

    Recent developments

    Attero outperformed expectations in the year, on the back of higher waste volumes, gate fees and power prices. The core Energy from Waste business unit benefitted from these favourable market conditions and was able to renew and extend a number of key commercial and industrial waste supply contracts, and lock-in current high electricity prices for the coming year. Organics and Plastics also outperformed expectations, while Minerals slightly underperformed due to lower construction activity due to Covid-19 in the second half of 2021.

    The company is currently looking at a number of investment opportunities, including a new post-separation recycling line, a new anaerobic digestion (biogas) facility and solar installations at its closed landfill sites.

    On the back of several years of strong growth and highly resilient performance, despite Covid-19, Attero raised additional long-term debt on attractive terms and refinanced existing facilities.

    Investment rationale

    • Attractive opportunity in a new sector for the Company,  with favourable long-term dynamics
    • Attero operates two of the largest and best located waste treatment facilities in Western Europe, resulting in high efficiency and a low marginal cost
    • The European Union requires member states to reduce landfill use, increasing the volume of waste requiring incineration
    • Good revenue visibility from long-term waste supply contracts with municipalities, industrial customers, and waste exporters


    Attero’s activities primarily relate to recycling and recovery of energy from waste produced by society, and as such it plays a key role in helping to deliver on the Netherlands’ and European environmental and sustainability objectives. Since 2019, Attero has fully offset its CO2 emissions by the volume of emissions avoided. It is committed to increase its avoided emissions to one million tonnes CO2 by 2025 by increasing the production of renewable energy and recycled materials. Attero is also exploring CO2 capture at its main facilities.