Blue Phoenix Group

What Blue Phoenix Group does

Blue Phoenix Group is a Dutch circular construction and waste-processing company founded in 2008 and headquartered in Rotterdam. The company operates across three integrated service lines: Waste Treatment (including incinerator bottom ash processing, construction and demolition waste processing, surplus soil management, tar-containing asphalt treatment, metal recovery, and roofing felt recycling); Secondary Materials (production of IBA aggregates, recycled crushed aggregates, and recovered metals for road construction, earthworks, concrete, and asphalt applications); and Energy Recovery (conversion of residual waste into electricity and heat, with thermal treatment plants capable of supplying approximately 100,000 inhabitants). The company employs 251–500 staff and operates processing facilities in seven regions: Netherlands, United Kingdom, Denmark, Germany, North America, Australia, and the Middle East.

The business operates as a B2B enterprise with three primary revenue streams: processing fees from municipalities and waste generators (transaction-fee model), sale of recovered secondary raw materials such as IBA aggregates and recycled metals to construction companies, and energy sales from waste-to-energy operations. Customers are segmented into municipal governments (primary), construction industry (primary), and industrial partners. The company has executed a programmatic buy-and-build strategy, completing acquisitions of REKO B.V., RGS Nordic A/S, and Meldgaard Recycling and Meldgaard Sustain, and unifying all acquired entities under the Blue Phoenix brand. A €199 million refinancing of REKO debt into platform financing underscores the scale of operations.

The company's technology portfolio includes proprietary soil washing technology (Denmark) that enables recycled sand to displace virgin sand in industrial products (demonstrated via the Saint-Gobain Weber partnership for products containing up to 30% recycled sand), specialized IBA processing capabilities, and metal recovery systems capable of processing particles smaller than two millimeters. Go-to-market is executed through locally present field sales teams in each operating region, supported by a corporate website, sustainability reporting (including the Blue Phoenix Sustainability Report 2025), and press releases.

Name

Blue Phoenix Group

Legal name

Blue Phoenix Group

Website

https://bluephoenix-group.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

251–500 employees

Short description

Blue Phoenix Group is a Dutch circular construction company that processes municipal incinerator bottom ash, construction and demolition waste, surplus soil, and tar-containing asphalt into secondary aggregates, metals, and energy for municipalities and construction firms across seven global regions.

Ownership category

akta.pro rank

Product category

Waste Management and Recycling Services

NAICS

Materials Recovery Facilities (562920), Materials Recovery Facilities (56292), Hazardous Waste Treatment and Disposal (562211), Waste Treatment and Disposal (56221), Remediation and Other Waste Management Services (5629)

SIC

Refuse Systems (4953), Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400), Hazardous Waste Management (4955), Sanitary Services (4950)

akta.pro primary industry

Recycled Aggregates & C&D Materials Processing (RCA, RAP, Glass Aggregate) (IMAKAHAI)

akta.pro secondary industries

Asset Recovery, Surplus & Decommissioning Services (EUAIANAD), Concrete, Asphalt & Masonry Recycling (Crushing & Aggregate Production) (EUAIAHAD), Construction & Demolition (C&D) Debris Transfer & Processing (EUAIABAB), Solvent Recovery & Hazardous Waste Recycling/Reclamation (Distillation, Reuse) (BPALAFAH)

Keywords

• Waste recycling services
• Bottom ash processing
• Secondary aggregates production
• Circular construction resources
• Energy recovery solutions

Headquarters

HQ city

Rotterdam

HQ country

Netherlands

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D

Revenue model

1. Waste Treatment Services: Processing fees from municipalities and waste generators for treating various waste streams including incinerator bottom ash, construction & demolition waste, surplus soil, and tar-containing asphalt
2. Secondary Materials Sales: Sale of recovered secondary raw materials including IBA aggregates, recycled crushed aggregates, and recovered metals to construction companies for road construction, earthworks, landfill construction, concrete and asphalt production
3. Energy Recovery: Generation and sale of electricity and heat from thermal waste treatment plants, with capacity to supply cities with electricity and provide district heating

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Blue Phoenix Group is a circular construction resource recovery company that processes residual waste streams—primarily incinerator bottom ash, construction and demolition waste, surplus soil, tar-containing asphalt, roofing felt, and metals—into secondary raw materials (IBA aggregates, recycled crushed aggregates, and recovered metals) and energy (electricity and heat) for municipalities, construction companies, and industrial partners.

Product overview

Blue Phoenix Group is a circular construction company offering an integrated platform of waste processing and resource recovery services. The portfolio consists of three core service lines: Waste Treatment (including incinerator bottom ash processing, construction & demolition waste, surplus soil management, tar-containing asphalt treatment, metal recovery, and roofing felt recycling); Secondary Materials (producing IBA aggregates, recycled crushed aggregates, and recovered metals); and Energy Recovered (converting residual waste to electricity and heat). The company operates globally across Netherlands, UK, Denmark, Germany, North America, Australia, and Middle East, having unified former group companies including Meldgaard, REKO, and RGS Nordic under the Blue Phoenix brand.

Differentiator

Problem solved

Functional benefit

Products and services

• Waste Treatment Services Integrated waste treatment services that transform residual waste streams into valuable resources for municipalities, waste generators, and industrial partners, helping reduce landfill use and recover secondary raw materials.
• Secondary Materials Quality-assured recycled aggregates and secondary raw materials produced from construction and demolition waste and bottom ash, supplied to construction companies for road construction, earthworks, landfill construction, concrete, and asphalt production.
• Energy Recovered Generation and supply of electricity and heat from residual waste through thermal treatment plants, serving local industrial and domestic energy needs with district heating capability.

Quantifiable outcome

• Electricity sufficient to supply a city of approximately 100,000 inhabitants
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Four partnerships are on record, tiered core.

• Saint-Gobain WebercoreStrategic or Co-development PartnerSaint-Gobain Weber collaborated with Blue Phoenix to launch products containing up to 30% recycled sand, with the potential to completely replace virgin sand from Danish gravel pits with recycled sand produced using Blue Phoenix's soil washing technology.
• Meldgaard Recycling and Meldgaard SustaincoreStrategic or Co-development PartnerAcquisition of Meldgaard Recycling and Meldgaard Sustain representing Meldgaard's complete IBA (Incinerator Bottom Ash) business in Denmark and abroad, expanding Blue Phoenix's IBA processing capabilities in the Danish market.
• Recycling Kombinatie REKO B.V.coreStrategic or Co-development PartnerBlue Phoenix acquired 100% equity stake in REKO, a Dutch recycling company, refinancing €199 million of REKO debt, capex and RCF facilities into existing platform financing.
• RGS Nordic A/ScoreStrategic or Co-development PartnerBlue Phoenix acquired 100% equity stake in RGS Nordic A/S, expanding operations in the Nordic region.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Renewi: UK-listed waste-to-product company with a significant IBA processing business (acquired Inashco in 2019) operating across the Netherlands, Belgium, and the UK. Directly comparable to Blue Phoenix in IBA recycling, secondary aggregates, and municipal waste processing across Benelux.
• AVR (Afvalverwerking Rijnmond): Rotterdam-based waste-to-energy and ash processing company, also serving the Rijnmond municipal incineration market. Direct overlap with Blue Phoenix's core IBA processing and waste-to-energy business in the same Dutch geography.
• Martin GmbH: German environmental services company specializing in IBA processing, metal recovery, and secondary aggregate production. Direct peer in the European IBA recycling market, particularly in Germany where Blue Phoenix also operates (Krefeld).

Broad incumbents

• SUEZ: Global environmental services giant with waste collection, recycling, and waste-to-energy operations across Europe. Comparable in materials recovery, secondary aggregates, and energy-from-waste, but operates at much larger scale across many more waste streams.
• Veolia: One of the world's largest environmental services groups, active in waste management, recycling, and energy recovery. Comparable in integrated waste processing and circular materials, but serving a vastly broader range of waste streams and geographies.
• Wheelabrator Technologies: North American waste-to-energy operator with ash processing and metal recovery capabilities. Comparable in waste-to-energy and ash management, particularly relevant to Blue Phoenix's Putnam (USA) operations and North American expansion ambitions.
• FCC Environment: European waste management and energy-from-waste operator (part of FCC Group). Comparable in integrated waste treatment, secondary materials, and energy recovery across European geographies where Blue Phoenix has facilities.
• Sembcorp Industries: Singapore-based renewables and waste-to-energy operator with global projects. Comparable in waste-to-energy and ash handling, particularly relevant for the Middle East/Asia expansion potential facing Blue Phoenix.

Regional players

• Biffa: UK-focused waste management and recycling company with materials recovery facilities. Comparable in C&D and aggregate recovery and in the UK market where Blue Phoenix also operates an ash processing facility.

Others

• Hitachi Zosen Inova: Swiss-based supplier of waste-to-energy plants and technology, providing thermal treatment infrastructure. Adjacent peer as a technology and equipment provider to the waste-to-energy industry in which Blue Phoenix operates its thermal treatment plants.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Blue Phoenix Group