What Twence does

Twence B.V. is a Dutch privately held regional waste-to-resources and utility company headquartered in Hengelo (Overijssel), incorporated in 2001 and owned by 10 Twentse municipalities as shareholders. The company operates a vertically integrated platform that converts non-recyclable waste, biomass, pig manure, and vegetable/fruit/garden (GFT) waste into electricity, heat, steam, green gas, captured CO2, certified compost, and recovered metals. Core processing assets include the Afvalenergiecentrale (waste energy center) and Biomassa-energiecentrale (biomass energy center) at Boeldershoek, the Composteren & Vergisten installation at the same site, the Mestverwaardingsinstallatie (manure valorization installation) in Zenderen, and a new CO2 capture installation (100,000 tonnes/year) opened by Queen Máxima in June 2025. Additional assets include a green-gas upgrading installation under construction at Boeldershoek, a bottom-ash washing installation, and four on-site solar parks.

Revenue is generated through a combination of waste processing service fees paid by municipalities and German partners (AWM Münster, Osnabrück), sale of electricity to the grid (equivalent to 125,600 households annually), district heat supply via the Warmtenet operated by Ennatuurlijk (35,700 household equivalents; Enschede network named most sustainable in the Netherlands in 2019), direct steam supply to industrial customers Grolsch, Nouryon, and Nobian, green gas injection into the gas grid, sales of liquid CO2 to greenhouse horticulture and other industries, Keurcompost sales to agriculture, and ferrous/non-ferrous metal recovery through partner D-FINES. The company processes 350-500 trucks of waste per day.

Customer concentration is structurally low because the 10 municipal shareholders provide recurring waste volumes and energy offtake under long-term arrangements, while industrial customers add diversified anchor loads. Recent strategic activity centers on scaling CO2 capture and utilization, expanding the Regional Heat Network Twente (EUR 17M subsidy awarded in 2024), growing green-gas output, and deepening cross-border Euregional cooperation with German municipalities, with Münster exploring shareholder status.

Name

Twence

Legal name

Twence B.V.

Website

https://twence.nl

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

251–500 employees

Short description

Twence B.V. is a Dutch municipally owned waste-to-resources and utility company that converts non-recyclable waste, biomass, GFT, and pig manure into electricity, heat, steam, green gas, captured CO2, compost, and recovered metals for 10 Twentse municipal shareholders and regional industrial customers.

Ownership category

akta.pro rank

Product category

Waste-to-Energy Services

NAICS

Solid Waste Combustors and Incinerators (562213), Waste Treatment and Disposal (5622), Fertilizer and Compost Manufacturing (32531)

SIC

Refuse Systems (4953), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Waste-to-Energy (WtE) Combustion Facilities (BPALACAD)

akta.pro secondary industries

Yard Waste, Land Clearing & Green Waste Processing (Mulch/Compost Feedstock) (BPALAEAG), Organics Collection & Processing (Composting/Anaerobic Digestion) (IMAIAFAF), C&D Transfer Stations & C&D Material Handling (EUAIAHAB)

Keywords

• Waste-to-energy conversion
• Circular waste management
• Renewable energy production
• District heating networks
• Biomass processing

Headquarters

HQ city

Hengelo

HQ country

Netherlands

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Energy Sales (Electricity, Heat, Steam): Twence generates revenue by selling electricity produced from waste combustion and biomass to the grid, heat to district heating networks, and steam directly to industrial customers (Nobian for brine evaporation, Grolsch for building heating and pasteurization machines). The company supplies approximately 125,600 households equivalent of electricity and 35,700 household equivalents of heat annually.
2. Waste Processing Services: Municipal and industrial waste processing fees form a core revenue stream. The company processes household residual waste, coarse household waste, construction/demolition waste, and biomass (GFT, non-reusable wood waste, pig manure) from municipalities and German partners (Münster, Osnabrück). Daily intake of 350-500 trucks.
3. Green Gas Sales: Biogas from manure processing (3,000 households) and GFT processing (1,900 households) is upgraded and sold as green gas via the gas network, replacing fossil natural gas consumption.
4. Compost and Fertilizer Sales: Keurcompost (certified compost) produced from GFT is sold to farmers for use on agricultural land, returning nutrients to the Twente soil. Recovered nutrients (ammonia, potassium, phosphate) from manure processing are sold as fertilizer to agriculture and industry.
5. CO2 Sales: Captured and liquefied CO2 is sold to greenhouse horticulture for use as fertilizer, to the food industry for refrigeration and packaging, to construction sector for cement/block production, and for sustainable fuel production (formic acid).
6. Metal Recovery and Sales: Ferrous and non-ferrous metals are recovered from bottom ash (slag) from waste combustion. Metal fractions (aluminum, copper, zinc) are sold to metal separation companies like D-FINES for remelting and reuse in European manufacturing.

Go-to-market motion1 record

Distribution channels7 records

Marketing channels6 records

Core offering

Twence operates integrated waste-processing facilities that convert non-recyclable waste and biomass into electricity, heat, steam, green gas, and recovered materials such as compost, CO2, and metals. Its operations span a waste-to-energy center, a biomass energy center, composting and fermentation installations, a manure valorization installation, and a CO2 capture installation, complemented by a district heating network and solar parks.

Product overview

Twence operates as an integrated waste-to-resources and energy company with a platform of interconnected processing facilities. The core platform consists of waste energy conversion (Afvalenergiecentrale) and biomass processing (Biomassa-energiecentrale) that generate electricity for 125,600 households and heat for the regional warmtenet. These are complemented by specialized modules: Composteren & Vergisten for organic waste, Mestverwaardingsinstallatie for manure, CO2-afvanginstallatie for carbon capture, and Groen Gas Installatie for biogas upgrading. The company produces end products including electricity, heat, steam, green gas, Keurcompost, and captured CO2 for various industries including greenhouse horticulture, construction, and the chemical sector. The operations span the complete waste-to-value chain from collection to energy production and material recovery.

Differentiator

Problem solved

Functional benefit

Products and services

• Waste Energy Center (Afvalenergiecentrale) Incinerates non-recyclable residual waste to generate electricity, district heat, and process steam for industrial and municipal customers in the Twente region.
• Biomass Energy Center (Biomassa-energiecentrale) Burns biomass feedstocks to produce renewable electricity and heat for sale to local grids and district heating customers.
• Composting and Fermentation Installation Processes organic waste and biomass residues into certified compost (Keurcompost) and biogas via composting and anaerobic fermentation.
• Manure Valorization Installation Processes manure into valuable output streams including green gas and mineral concentrates, supporting the agricultural circular economy.
• CO2 Capture Installation Captures CO2 from flue gas streams and supplies it to industrial customers, notably greenhouse horticulture, as a reusable input.
• Green Gas Installation Upgrades biogas from fermentation and manure valorization into green gas suitable for injection into the natural gas grid.
• Solar Parks Generates solar electricity that is supplied to the public grid and contributes to Twence's renewable energy portfolio.
• Heat Network (Warmtenet) Distributes recovered heat from waste-to-energy and biomass facilities to residential, commercial, and industrial customers in the Twente region.
• Bottom Ash Washing Installation Washes incinerator bottom ash to recover ferrous and non-ferrous metals and produce reusable mineral fractions, supporting circular material recovery.
• Keurcompost (Certified Compost) Sells certified compost derived from processed organic waste and biomass for use in agriculture, landscaping, and soil improvement.

Quantifiable outcome

• 125,600 households equivalent electricity produced annually
• +6 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

13 partnerships are on record, tiered core and minor.

• Aker SolutionscoreTechnology or Integration · 1 January 2019Norwegian company won the tender to supply the CO2 capture and liquefaction installation for Twence's waste energy center. Aker Solutions has developed CO2 capture technology since 1996, applied in offshore and cement industries. The technology is tailored for waste-to-energy plants. Planned annual capture capacity of 100,000 tonnes CO2.
• TNO and TU DelftcoreStrategic or Co-development Partner · 1 January 2019Research partners alongside Coval Energy in the formic acid from CO2 project. Kick-off took place in Delft where tests were conducted with a pilot setup. The partners are developing technology for industrial-scale formic acid production from captured CO2.
• AWM (Abfallwirtschaftsbetrieb Münster)coreStrategic or Co-development Partner · 1 January 2018Cross-border municipal public law cooperation since 2018. AWM delivers sorting residues from mechanical processing of residual waste (45,000 tonnes annually) to Twence for energy and raw material recovery. Twence sends 5,000 tonnes of organic waste (GFT) from Twente to AWM for composting, with compost returned to Twente. Partnership is for ten years with potential for Münster to become a shareholder.
• Coval EnergycoreTechnology or Integration · 1 January 2017Technology developer from Breda partnered with Twence to develop a pilot installation for producing formic acid from CO2. Coval Energy's technology converts CO2 and water directly into formic acid, which can be used in fuel cells for electric vehicles (high energy density) or as a green raw material for the chemical industry, replacing fossil carbon sources.
• EnnatuurlijkcoreChannel Partner/ Reseller/ DistributorHeat network operator managing the Enschede district heating network, supplying nearly 10,000 households and 160 business customers with heat from Twence. Partnership with Cogas and Twence for Regional Heat Network Twente expansion. The Enschede heat network was named the most sustainable heat network in the Netherlands.
• CogascoreStrategic or Co-development PartnerEnergy company partnering with Twence on the Regional Heat Network Twente (RWT) project. Cogas and Twence jointly received EUR 17 million subsidy from the government for heat network expansion. Partnership also includes Ennatuurlijk for heat network operations.
• ENGIEminorStrategic or Co-development PartnerSigned agreement with Twence for development of solar park 't Rikkerink in Ambt-Delden. Partnership for renewable energy generation on Twence's sites.
• AVIA WeghorstminorStrategic or Co-development PartnerFuel company partnering with Twence and Twente Milieu for LBG (Liquefied Bio Gas) production. Twence will produce bio-fuel from biogas at the Boldershoek location for Twente Milieu vehicles. Joint feasibility study on circular bio-fuel production.
• Twente MilieucoreChannel Partner/ Reseller/ DistributorWaste collection company delivering GFT waste to Twence for processing into biogas and compost. Will tank LBG (bio-fuel) produced by Twence at AVIA Weghorst locations. Partnership creates circular chain from waste collection to renewable fuel.
• NouryonminorChannel Partner/ Reseller/ DistributorChemical industry customer receiving green steam from Twence for sustainable salt production. Partnership enables Nouryon to decarbonize its operations using Twence's biomass-derived steam.
• NobianminorChannel Partner/ Reseller/ DistributorLong-term steam supply customer for brine evaporation in salt production. Historical partnership for steam delivery from Twence's energy generation processes.
• Stadt und Landkreis OsnabrückminorChannel Partner/ Reseller/ DistributorGerman municipal partners contracting Twence to process household residual waste. Contract signed in 2022 for waste processing services, strengthening Twence's euregional position.
• SaxionminorStrategic or Co-development PartnerUniversity of Applied Sciences partnership for Knowledge & Innovation in material cycles (grondstofkringlopen). Collaboration on research and innovation in circular economy and resource recovery.

Scale indicators14 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Veolia Environmental Services: Global waste management and energy-from-waste operator with extensive European WTE footprint and district heating integration; competes with Twence for industrial customers and operates at significantly larger scale.
• MVV Energie: German municipal energy utility with significant WTE and biomass generation; comparable in cogeneration, district heating, and biomass processing, operating across multiple German regions.
• EEW Energy from Waste: One of Europe's largest waste-to-energy operators with combustion facilities in Germany and neighboring countries; comparable in WTE-combustion scale and energy recovery, but operates as a private commercial company rather than a municipal utility.
• SUEZ Recycling and Recovery: Global waste services player with WTE, organic recovery, and circular materials operations; comparable across most of Twence's stack (incineration, composting, materials recovery) but with a much larger and broader portfolio.

Direct peers

• Renewi: Netherlands/Belgium/U.K. waste management and recycling operator; overlaps on residual waste processing, organics recovery, and circular raw materials, competing for the same municipal and industrial waste contracts.
• Attero: Dutch waste processor operating composting, anaerobic digestion, and waste-to-energy facilities; comparable in GFT/manure handling, green gas production, and circular material recovery within the Netherlands.
• AEB Amsterdam: Municipal-owned waste-to-energy company serving Amsterdam; operates incineration with energy recovery for the Amsterdam region, the closest direct Dutch analogue to Twence's Afvalenergiecentrale and district heat offtake model.
• HVC (Huisvoudelijk afvalcentrale Noord-Holland): Dutch waste and energy company owned by Dutch/Flemish municipalities; runs WTE incinerators, composting, and renewable heat networks — directly comparable in municipal ownership, multi-output waste-to-product platform, and district-heating offtake.
• AVR (Afvalverwerking Rijnmond): Rotterdam-area municipal WTE operator running incineration, energy recovery, and CO2 capture pilots; directly comparable in WTE combustion, heat networks for industry, and the Dutch CO2-capture-for-horticulture theme (and a counterparty in Twence's soil legal procedure).

Others

• Cogas: Dutch regional energy company partnering with Twence on the Regional Warmtenet Twente project; relevant as a distribution and co-investment partner rather than a direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Twence