Recent developments
Large O&M contracts
Veolia won two 15-year operations and maintenance contracts for Mumbai’s largest water treatment plants (Bhandup 2,000 MLD; Panjrapur 910 MLD), scheduled to be fully operational by 2030 and expected to meet over 60% of city demand, deploying advanced technologies for energy and footprint optimization.
Results and capital
Veolia reported 2025 results above guidance, with GreenUp ROCE at 9.4% after tax, a proposed €1.50 dividend, an employee share buyback, and portfolio shifts via US water technologies and hazardous waste acquisitions. Kemira’s 2025 financial results showed lower revenue and EBITDA, 2026 guidance, and a proposed up to €100m buyback. A subsequent share repurchase correction detailed 64,000 shares bought on March 5, 2026.
Portfolio consolidation
Kemira agreed to acquire SIDRA Wasserchemie, a German coagulant producer serving Germany, Belgium, and the Netherlands, adding two plants and over 60 employees. Integration of Water Engineering, Inc. progresses, and the announced AquaBlue, Inc. deal extends industrial water treatment services.
PFAS-driven capacity build
Kemira will build an activated carbon reactivation plant in Spain to serve Iberian drinking water and wastewater markets, targeting PFAS and micropollutant removal, with operation expected by end-2029 pending permits. OMV Petrom completed a €20 million project to modernize waste-water treatment systems at the Petrobrazi refinery.
Pricing and materials
Kemira announced a 10–20% AKD wax price increase to offset higher value-chain costs. Brenntag signed a distribution agreement with Nanum to add graphene- and nano-enabled materials for coatings, polymers, energy, and water treatment in Brazil, broadening advanced options for performance and conductivity.