Geminor

What Geminor does

Geminor AS is a Norway-headquartered waste-to-resources company founded in 2004 that operates a pan-European platform connecting municipal and industrial waste producers with energy recovery plants, cement kilns, and recycling facilities. The company manages the full value chain — collection, processing, transport, compliance documentation, and delivery — across 9 countries and 15 operational markets, with strategic processing HUBs in Hull, Aalborg, Landskrona, Oxelösund, Loviisa, Kilke, and Borg. In 2024 the company handled approximately 2.34 million tonnes of waste and reported €255M in turnover (3 billion NOK), capturing an estimated 76.8% market share of residual waste for energy recovery (RDF/SRF) and acting as the UK's largest RDF exporter at 364,581 tonnes (~75% of UK RDF production).

The company produces and trades a portfolio of recovered material types — RDF, SRF, waste wood, biomass, hazardous waste, plastics, paper/cardboard, contaminated soil, bio waste, and MSW — organized around five service pillars: Waste to Recovery, Quality & Compliance, Transport & Logistics, Waste Processing, and Research & Development. Notable technology assets include proprietary production lines such as the Aalborg wind sifter (which extracts up to 70% of plastic content from residual waste for bio-RDF production) and a dedicated RDF baling and wrapping line at Hull with Cross Wrap CW2200 equipment for export logistics. Revenue is generated through a transaction-fee model: gate fees from waste producers plus the sale of processed fuels and materials to off-takers, supplemented by logistics and compliance services. GTM is sales-led via dedicated country managers in each market, with long-term contracts (multi-year), public tender wins (e.g., ROAF at ~280M NOK over 2+1+1 years), and a network of 600+ waste producers and off-takers across Europe.

Geminor is pursuing adjacent growth vectors — chemical recycling supply to ReNew ELP, biomaterials expansion with SBP/SURE certifications, participation in the Bio&PlastiCCS hydrogen/CCS research consortium, and a Norad-backed Africa project targeting the African cement industry — which extend the platform beyond traditional combustion-based energy recovery into chemical recycling and low-carbon hydrogen feedstocks. The company is privately held, headquartered in Avaldsnes, Norway, and led by CEO Håvard Framnes (appointed January 2025) with founder Kjetil Vikingstad now in a strategic owner role.

Name

Geminor

Legal name

Geminor AS

Website

https://geminor.no

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

101–250 employees

Short description

Geminor is a Norwegian-founded pan-European waste-to-resources platform that connects waste producers with energy recovery plants, cement kilns, and recyclers across 9 countries, processing ~2.5M tonnes annually through proprietary HUB infrastructure and trading RDF, SRF, biomass, and plastics.

Ownership category

akta.pro rank

Product category

Waste Management Services

NAICS

Waste Collection (5621), Hazardous Waste Collection (562112), Materials Recovery Facilities (562920), Hazardous Waste Treatment and Disposal (562211)

SIC

Refuse Systems (4953), Hazardous Waste Management (4955)

akta.pro primary industry

Bulking, Sorting & Pre-Processing Facilities (Screening, Shredding, Size Reduction) (EUAIABAJ)

Keywords

• Waste management services
• Waste-to-energy solutions
• Refuse-derived fuel
• Material recycling
• Transport logistics

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices16 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Waste Processing and Trading: Geminor charges waste producers for proper disposal and processing of their waste streams. The company then trades processed waste-derived fuels (RDF, SRF) and other waste fractions to energy recovery plants, cement kilns, and recycling facilities across Europe, generating revenue through the sale of processed materials and energy feedstocks.
2. Logistics and Transport Services: Provision of transport and logistics services for waste materials, including partnerships with electric and biogas transport providers. Revenue generated through transportation fees and logistics coordination.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Geminor operates as a waste-to-resources platform connecting waste producers, processors, and off-takers across Europe. The company collects, processes, and trades residual waste streams — producing refuse-derived fuels (RDF), solid recovered fuel (SRF), and other recycled fractions — and supplies them to waste-to-energy plants, cement kilns, and recycling facilities. Its services span the full value chain: waste recovery, quality/compliance documentation, transport/logistics, processing at HUBs, and applied R&D.

Product overview

Geminor is a waste-to-resources company operating as a platform of integrated services rather than a single product. The core offering consists of recovered material types (RDF, SRF, waste wood, biomass, hazardous waste, plastics, paper/cardboard, contaminated soil, bio waste, and MSW) managed through five interconnected service pillars: Waste to Recovery, Quality & Compliance, Transport & Logistics, Waste Processing, and Research & Development. The company connects waste producers, processors, and off-takers across Europe, managing the complete value chain from compliance and logistics to recovery and innovation. Operations are supported by strategic HUB locations in key European markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Waste to Recovery Core service connecting waste producers, processors, and off-takers across Europe to facilitate resource recovery and the full waste value chain.
• Quality & Compliance Compliance and documentation services ensuring traceability, emissions tracking, and documented recovery across markets (RED III, ETS, Waste Shipment Regulation compliance).
• Transport & Logistics Integrated transport and logistics solutions including all-electric transport, ship, rail, container, and road transport services for waste materials across Europe.
• Waste Processing Processing services including shredding, baling, sorting, and storage at HUB locations across Europe (Hull, Aalborg, Landskrona, Oxelösund, Loviisa, Kilke, Borg).
• Research & Development Applied R&D expertise across the full waste value chain from feedstock variability through sorting, processing, baling, and plant compatibility assessment for waste-to-energy and cement offtakers.
• RDF (Refuse-Derived Fuel) Processed from mixed residual waste, RDF delivers high calorific value and stable combustion characteristics, supporting energy recovery across Europe. Sold to waste-to-energy plants, cement kilns, and other industrial off-takers.
• SRF (Solid Recovered Fuel) Meets strict specifications for moisture, particle size, and calorific value, designed for industrial co-incineration including cement kilns (e.g., Aalborg Portland). Substitutes petcoke and coal.
• Waste Wood A1 to A4 wood fractions handled through mobile or hub-based shredding and baling, ready for direct use or further processing.
• Biomass High-energy organic residues such as wood chips and agricultural by-products, ideal for bioenergy and CO2-neutral combustion.
• Hazardous Waste Complex waste types including solvents, batteries, and industrial residues handled under strict safety and legal compliance.
• Plastic Sorted plastic waste processed for recycling (mechanical and chemical) or energy recovery, with full traceability and third-party quality checks.
• Paper & Cardboard Collected in bulk, compacted, and routed for recycling or recovery depending on contamination levels and end use.

Quantifiable outcome

• 94% CO2e emission reduction using biogas transport compared to diesel (153 tons saved annually)
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Hafslund CelsiocoreStrategic or Co-development Partner · 1 June 2026Energy recovery partnership at Klemetsrud facility in Oslo. Residual waste processed for electricity and district heating. Hafslund Celsio is developing full-scale carbon capture facility operational by 2029 - part of Norway's CCS ambitions.
• Litra GassminorChannel Partner/ Reseller/ Distributor · 1 June 2026Biogas transport provider for ROAF contract. All-electric and biogas-powered transportation for residual waste, reducing carbon footprint of waste logistics.
• Seafront NorsteveminorChannel Partner/ Reseller/ Distributor · 1 June 2026Transport services partner for ROAF residual waste contract, providing electric truck transportation solutions.
• SINTEF Industry (Lead), SINTEF Energy Research, Mana Group, Equinor, Biogass Norge, AGH University of PolandcoreStrategic or Co-development Partner · 1 May 2026Geminor joined Bio&PlastiCCS, a 3-year KSP-S research project funded by the Research Council of Norway. Project explores chemical looping gasification of non-recyclable plastic waste and biomass residues into low-carbon hydrogen with integrated CO2 capture and storage. Based at SINTEF's 150 kW facility in Trondheim.
• DFDS ABcoreChannel Partner/ Reseller/ Distributor · 1 March 2025Electric truck transport partnership for RDF imports in Sweden. DFDS operates one of Europe's largest eTruck fleets, handling final leg of transport from Swedish ports to Borås Energi och Miljö energy recovery plant - Sweden's first electric RDF import transport.
• Borås Energi och MiljöcoreStrategic or Co-development Partner · 1 March 2025Energy recovery plant receiving RDF via electric transport from Geminor. Company provides district heating to ~70,000 residents using 100% renewable and recycled fuels. Partnership supports more sustainable waste logistics in Sweden.
• ReNew ELP (Mura Technology)coreStrategic or Co-development Partner · 1 December 2024Supply agreement with ReNew ELP for 15,000-20,000 tonnes annually of polyolefin-rich plastic films to their advanced plastic recycling facility in Wilton, North East England. The plastic is converted back into circular hydrocarbon feedstocks using Mura's Hydro-PRT process (supercritical water technology), enabling infinite recycling of plastics.
• Cross WrapcoreTechnology or Integration · 1 December 2024Partnership for bale wrapping equipment at Geminor's Hull processing plant. CW2200 Bale Wrapper ensures efficient and uncontaminated shipment of RDF bales. Cross Wrap has delivered reliable machines for consistent, tight wrapping with no leaks - critical for export operations.
• Aalborg PortlandcoreStrategic or Co-development Partner · 1 January 2022Long-term cement partnership where Geminor supplies tailor-made SRF as secondary fuel, substituting petcoke and coal in cement production. Partnership supports decarbonization of cement industry.
• NoradminorStrategic or Co-development PartnerNorwegian Agency for Development Cooperation backing Geminor's Africa project to turn mismanaged plastic waste into low-carbon fuel for Africa's cement industry.

Scale indicators14 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• Suez Recycling and Recovery: Suez operates a broad European waste management and recycling portfolio including municipal solid waste collection, materials recovery facilities, and several WtE plants. Suez competes with Geminor across most European markets as both a producer and trader of waste-derived fuels.
• Prezero: Prezero is the Schwarz Group-owned recycling and waste management company operating across Europe, including collection, sorting, and waste-to-energy operations. Prezero is a broad incumbent peer for Geminor across multiple European markets, particularly Germany, Italy, and Spain.
• FCC Medio Ambiente: FCC Medio Ambiente is the Spanish-headquartered waste management arm of FCC Group operating collection, recycling, and waste-to-energy services across Europe and Americas. It is comparable to Geminor as a multi-country waste processor with integrated RDF/SRF capabilities, particularly relevant given Geminor's expansion into Spain and Italy.
• Remondis: Remondis is Germany's largest family-owned recycling and waste management company with operations across Europe. Remondis overlaps with Geminor in Germany, Poland, Italy, and the Nordic region across MSW collection, RDF/SRF production, and hazardous waste handling.
• Veolia: Veolia is one of the world's largest environmental services groups with extensive waste collection, materials recovery, and waste-to-energy operations across Europe. While much larger and broader than Geminor, Veolia overlaps materially in RDF/SRF offtake, residual waste processing, and hazardous waste management across Geminor's footprint.

Direct peers

• Renewi: Renewi is a UK/Dutch-listed waste-to-resources company that collects, processes, and trades municipal and commercial waste into secondary raw materials and waste-derived fuels. It operates HUBs across the UK, Belgium, Netherlands, and France and is the closest publicly listed comparator to Geminor's RDF/SRF trading and materials recovery model.
• Stena Recycling: Stena Recycling is a major Nordic recycler with operations in Sweden, Norway, Denmark, Finland, Poland, Germany, Italy, and several other European countries. Stena's Nordic focus and overlapping product portfolio (sorted recyclables, RDF/SRF, hazardous waste, plastics) make it a strong regional peer to Geminor's Northern European operations.
• EEW Energy from Waste: EEW Energy from Waste is one of Europe's largest waste-to-energy operators with plants primarily in Germany, the Netherlands, and the UK. As a primary RDF/SRF offtaker across Germany and Northern Europe, EEW is a direct functional peer for Geminor's fuel trading and supply business.
• Indaver: Indaver is a Belgium-based waste-to-energy specialist operating multiple WtE plants across Belgium, Netherlands, Germany, and France. Indaver is both a comparable WtE operator and an RDF/SRF offtaker, making it a strong functional peer for Geminor's European fuel production and trading activities.
• Biffa: Biffa is a UK waste management group with significant RDF/SRF production and energy-from-waste activity through its Avonmouth facility. As one of the largest UK residual waste handlers, Biffa competes directly with Geminor in the UK RDF export market Geminor currently dominates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/geminor-as

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Geminor