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Rigid plastics recycling: one of Europe’s most innovative plants to be built in Modena

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Press releases
30/04/2024
Shareholders’ meeting
Hera Spa
Price sensitive

Hera Shareholders Meeting: 2023 financial statements approved and dividend increased to 14 cents

The Group continues along its path of uninterrupted growth, closing 2023 with record performance in the main operating and financial indicators, thus constantly creating value for its stakeholders.

Online since 29-04-2024 at 12:53
Press releases
26/03/2024
Other press releases
Hera Spa
Price sensitive
Financial Results

Hera Group approves results as at 31/12/2023

<p><em>The year closed with main financial indicators rising and the targets included in the strategic Plan to 2026 exceeded three years ahead of schedule. The Group’s financial solidity and flexibility allowed it to continue along its path of industrial growth, increasing its investments and successfully grasping market opportunities, both internal and external, while continuing to generate value benefitting all stakeholders. The proposed dividend was raised, reaching 14 eurocents per share</em></p>
Online since 26-03-2024 at 12:47
Press releases
24/01/2024
Price sensitive
Financial Results
Hera Spa
Other press releases

Hera Group presents Business Plan to 2027

<p><em>Development, resilience and creating shared value for stakeholders are at the heart of the Group’s new strategic document, which foresees investments totalling 4.4 billion to speed up the ecological transition and enhance asset resilience to climate change. The preliminary results for 2023 outperform the previous Plan’s goals that have been achieved three years ahead of schedule, thanks to the numerous development actions implemented and the Group’s ability to grasp market opportunities.</em></p>
Online since 24-01-2024 at 12:02
Press releases
22/01/2024
Shareholders’ meeting
Hera Spa
Other press releases
Price sensitive

Calendar of corporate events

Online since 22-01-2024 at 13:24
Press releases
08/11/2023
Hera Spa
Financial Results
Price sensitive

Hera Group BoD approves 3Q 2023 results

<p><em>The first nine months of the year ended with strong growth in all economic and financial indicators, confirming the Group’s solidity and the effectiveness of its multi-business strategy. Respecting the goals set out in the business plan, the Group once again combined corporate growth and the creation of value for all stakeholders, as is proven by net investments and corporate acquisitions, up by more than 18% overall.</em></p>
Online since 08-11-2023 at 11:36
Press releases
26/07/2023
Hera Spa
Price sensitive
Financial Results

Hera Group: significat growth in 1H 2023 results

<p><em>The consolidated half-year report at 30 June shows growth in all main operating-financial indicators, confirming Hera’s financial solidity and once again demonstrating the effectiveness of the choices made by management. The Group continues to pursue the goals set out in its Business Plan, combining corporate growth and sustainable development, with value created for all stakeholders, first and foremost the local communities served.</em></p>
Online since 26-07-2023 at 13:13
Press releases
17/07/2023
Price sensitive
Hera Spa
Other press releases

Italy: EIB provides €460 million to Hera Group to boost the green transition, decarbonisation, the circular economy, and protection of water resources

Online since 17-07-2023 at 11:40
Press releases
15/05/2023
Hera Spa
Shareholders’ meeting
Price sensitive

Publication of documents pertaining to the Shareholders Meeting

Online since 15-05-2023 at 10:59
Press releases
10/05/2023
Shareholders’ meeting
Price sensitive
Hera Spa

Independence requirements for directors and statutory auditors verified and Internal Committees appointed

Online since 10-05-2023 at 15:02
Press releases
10/05/2023
Hera Spa
Price sensitive
Financial Results

Hera Group Board of Directors approves 1Q 2023 results

<p><em>The consolidated quarterly report at 31 March shows growth in the main operating-financial indicators, once again proving the financial solidity and strength of the Group’s multi-business model. Hera continues to combine corporate growth with sustainable development, confirming its commitment to creating value for all stakeholders and the local communities.</em></p>
Online since 10-05-2023 at 12:27

Asset Publisher

29/03/2024
Rigid plastics recycling: one of Europe’s most innovative plants to be built in Modena

Thanks to investments totalling approximately 50 million euro, the Hera Group will build a state-of-the-art facility within its own plant complex. Starting from plastic waste that has so far been difficult to recycle, it will produce high quality polymers with characteristics similar to those shown by virgin materials, thus making sectors such as consumer electronics and the automotive industry increasingly sustainable

Work has begun in Modena on the construction of one of the most innovative plants in Europe for rigid plastics recycling. The Hera Group, through its subsidiary Aliplast – a leading company in plastics collection, recycling and regeneration – will create a state-of-the-art plant capable of obtaining high quality recycled polymers with characteristics comparable to those of virgin materials obtained from fossil fuels. The total investment made by the Hera Group amounts to approximately 50 million euro, 7.7 of which will be financed with NRRP funding (National Recovery and Resilience Plan). The facility is expected to be completed in late 2025.

Construction work recently began within a site where a waste-to-energy plant and a wastewater treatment plant managed by the Group are located. The new plant will therefore operate within a context in which industrial synergies oriented towards sustainability can be created.

The project was presented today, with Modena Mayor Gian Carlo Muzzarelli, Hera Group CEO Orazio Iacono and Aliplast CEO Carlo Andriolo present.

A state-of-the-art plant capable of producing 30 thousand tonnes of recycled polymers per year

When fully operational, the new plant will produce up to 30 thousand tonnes of high-quality recycled polymers annualy from rigid plastic waste, which is among the most difficult to successfully recycle, mainly coming from the consumer electronics and automotive sectors.
These polymers, while still being recycled, will be pure enough to be reused in the same original sectors, with a quality similar to the one shown by virgin materials. The method used by Aliplast, in fact, involves upcycling, a kind of regeneration that improves the quality of the initial polymer and thus achieves high quality characteristics. In this way, the plastics leaving the plant will meet needs that until present have been covered almost exclusively by virgin raw materials, and even sectors with a significant environmental impact will be able to increase their sustainability. Suffice it to say that the quantity of plastic recycled in one year by the plant when fully operational will save environmental emissions amounting to approximately 30,000 tonnes of CO2 equivalent.
This new plastics recycling plant was designed based on the engineering and technological expertise of NextChem, the Maire Group’s subsidiary for sustainable technology solutions.

A production process based on circular resources
The new facility will be part of an already consolidated Hera Group plant complex and will thus be able to exploit the potential of different business lines. In particular, it will be powered by the electricity produced by the nearby waste-to-energy plant, while the production process will use the water coming out of the purification plant and later reinject it into the same plant, thus closing a virtuous circle.
Lastly, the rigid plastics recycling plant will guarantee high standards of safety and innovation, with automation and highly digitised processes, which will also maximise energy efficiency. The plastics processed will also be zero-kilometre, since the material processed in the plant will be selected mainly from the waste that the Hera Group already processes in its own sorting and recovery lines, through Herambiente, or by involving the local production fabric.

The Hera Group’s path to work towards the circular economy and decarbonisation
This new rigid plastics recycling plant falls within the path that the Hera Group has been pursuing for some time to promote the circular economy and decarbonisation. In its 2023-2027 business plan as well, the Hera Group confirmed its commitment to supporting the ecological transition of the areas it serves, with initiatives intended for residents, public administrations and industrial customers, based on its extensive set of plants and the know-how it has acquired in various business sectors. In particular, the Group has earmarked 1.7 billion euro to feed projects dedicated to the circular economy and the regeneration of resources, equivalent to 39% of its total investment plan, which amounts to 4.4 billion euro.
Moreover, thanks to the development of new state-of-the-art plants such as this one in Modena, the Group aims to further consolidate its position in the waste management area, a sector in which subsidiary Aliplast, already a national market leader in the high quality recycling of PET (polyethylene terephthalate recycled in granules and flakes) and LDPE (low density polyethylene recycled in granules) polymers, aims to play a key role in recycling of rigid plastics as well.

"We are proud to present this project that, in addition to strengthening our set of plant, will give a further boost to the important contribution that Hera Group has been making to the Italian recycling industry for years. In the current context, a higher demand is coming from companies for increasingly sustainable solutions for waste treatment and recovery, guaranteeing that the cycle is closed with a view to the circular economy," explains Hera Group CEO Orazio Iacono. " There is therefore a need for new-generation plant capacity nationwide, and we are responding to this need with concrete and innovative projects. In particular, this plant will be a driving force in reaching resource circularity goals, especially in sectors such as the consumer electronics and automotive industries, with the additional aim of promoting increasingly circular and short Italian supply chains. This project is part of the initiatives outlined in the Business Plan to respond to the 2030 goals in terms of circular economy and decarbonization and is an integral part of our path aimed at accompanying the communities served toward the green transition, consistent with our corporate purpose." 

"With this project, we give further concreteness to the theme of sustainability and ecological transition that is characterizing our commitment to urban and environmental choices," emphasizes the Mayor of Modena, Gian Carlo Muzzarelli. "We are providing the territory with new employment opportunities and a tool to support the circular economy. It is a project that, along with the Hydrogen Valley project that includes Hera’s partnership, highlights how the resources of the PNRR can contribute to achieving the ecological transition, which is also part of the objectives of the Municipality's direct intervention program with the Next Generation Modena plan, which continues to follow the roadmap."

Online from 29 March 2024

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Group Director of Communication And External Relations

Giuseppe Gagliano

Director

 

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MEDIA AND PRESS CONTACT

Contacts

Telephone: +39 051 287111

HERA SPA

Viale Carlo Berti Pichat nr. 2/4 - 40127

 

Bologna

Contacts

Telephone: +39 051 287111

HERA SPA

Viale Carlo Berti Pichat nr. 2/4 - 40127

 

Bologna

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Interactive financial statements and sustainability reports
The consolidated economic results at 31 December 2023 and the 2023 sustainability report were approved by the Board of Directors of the Hera Group on 26 March 2024

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Hera SpA, Viale Carlo Berti Pichat 2/4, 40127 Bologna, Tel.051287111 www.gruppohera.it