Helector

What Helector does

Helector S.A. (ΗΛΕΚΤΩΡ Α.Ε.) is a Greek environmental infrastructure company that designs, builds, and operates integrated waste management and renewable energy facilities across Southeast Europe. Its technology stack centers on four platforms: separation and sorting systems, anaerobic dry fermentation for biogas production, the proprietary Herhof Stabilat aerobic dry process (which dewaters waste below 15% moisture and converts organic fraction into hygienic pellets suitable as Solid Recovered Fuel), and waste-to-energy conversion. Major assets include the Ano Liosia Mechanical Recycling Plant (300,000 t/y), biogas power plants at Ano Liosia (24.22 MW via JV BEAL S.A.), Tagarades (5.048 MW) and Mavrorachi (3.52 MW), the only licensed medical waste incinerator in Greece at Ano Liosia, the Apotefrotiras hazardous waste facility, and integrated waste treatment plants in Bulgaria (Sofia, 410,000 t/y) and Cyprus (Larnaca, 190,000 t/y).

The business model is built on long-duration public-sector contracts. Helector generates revenue through two primary streams: managed waste services delivered under concession agreements, design-build-operate contracts, and public-private partnerships (PPP) with regional waste management agencies and municipalities; and renewable electricity sales from landfill gas and biogas power generation under exclusive exploitation rights. Customer concentration is heavily weighted to government and municipal authorities in Greece (FODSA Central Macedonia, EDSNA, DIADYMA SA), with secondary exposure to municipal authorities in Bulgaria and Cyprus, plus a distributed healthcare segment covering ~1,800 medical units across Greece for medical waste collection and treatment. Pricing is concession-negotiated and not publicly disclosed.

As of June 2025, Helector operates as a member of the Motor Oil Group, the Greek energy conglomerate, following a new corporate identity launch. The company maintains 14+ subsidiaries and joint ventures including ASA Recycle (recyclables sorting), APOSTEIROSI (medical waste sterilization), EPADYM/EDADYM (Western Macedonia PPP vehicles), EPALTHEA (60% stake, medical waste incineration concession), and international entities in Cyprus, Germany, Bulgaria, and Croatia. The company employs 51-100 people and has received international recognition including the Energy Globe World Award 2023.

Name

Helector

Legal name

HELECTOR S.A. (ΗΛΕΚΤΩΡ Α.Ε.)

Website

https://helector.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

51–100 employees

Short description

Helector is a Greek environmental infrastructure company that designs, builds, and operates integrated waste management facilities and biogas power plants, serving government authorities, municipalities, and healthcare facilities across Greece, Cyprus, Bulgaria, Germany, and other Southeast European markets.

Ownership category

akta.pro rank

Product category

Waste Management Services

NAICS

Waste Treatment and Disposal (5622), Hazardous Waste Treatment and Disposal (562211), Solid Waste Landfill (562212), Waste Collection (5621)

SIC

Refuse Systems (4953), Hazardous Waste Management (4955), Sanitary Services (4950)

akta.pro primary industry

Landfill Operations & Disposal Services (IMAIAFAL)

akta.pro secondary industries

Hazardous Waste Landfill Disposal (BPALACAB), Hazardous Waste & Universal Waste Handling (Batteries, Lamps, Aerosols) (BPABALAE), C&D Transfer Stations & C&D Material Handling (EUAIAHAB)

Keywords

• Waste management services
• Biogas energy production
• Recycling facilities
• Medical waste treatment
• Landfill gas exploitation

Headquarters

HQ city

Kifissia

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Waste Management Infrastructure Services: Design, construction, and operation of integrated waste management facilities including landfills, transfer stations, recycling centers, and treatment plants. Revenue generated through government contracts, concession agreements, and service provision.
2. Biogas Energy Generation: Production and sale of renewable electricity from landfill gas and biogas through power generation plants. Operates power plants under concession agreements with exclusive rights to landfill gas exploitation.

Distribution channels1 record

Marketing channels3 records

Core offering

Helector designs, constructs, and operates integrated waste management infrastructure including mechanical-biological treatment plants, sanitary landfills, transfer stations, recycling centers, landfill gas power plants, and hazardous medical waste treatment facilities. The company provides full-service waste-to-energy and recycling solutions for municipal, regional, and healthcare clients across Southeast Europe.

Product overview

Helector is a leading environmental infrastructure company in Southeast Europe with over 20 years of experience in waste management and green energy production. The company operates as an integrated solutions provider covering the entire spectrum of waste management through distinct technology platforms including Separation and Sorting Technology, Waste-to-Energy (Herhof Stabilat process), Anaerobic Waste Treatment with Biogas Production, and Aerobic Waste Treatment. The product portfolio includes subsidiary ASA RECYCLE for recyclable materials sorting, major project solutions such as the Mechanical Recycling Plant of Ano Liosia and integrated waste management facilities in Cyprus and Western Macedonia, biogas power plants (Tagarades 5.048 MW, Mavrorachi 3.52 MW, Ano Liosia/BEAL 24.22 MW), hazardous medical waste management through incineration and sterilization, leachate treatment systems, and sanitary landfill operations. The company also maintains international operations in Germany, Bulgaria, Croatia, and Jordan, with recent contracts for waste treatment units in Agrinio and CHP units for district heating in Western Macedonia. Helector is now part of the Motor Oil Group following its new corporate identity announcement in 2025.

Differentiator

Problem solved

Functional benefit

Brands

• ASA Recycle: Solid waste recycling subsidiary focusing on sorting of recyclable materials, glass processing, and trading with licensed recyclers
• Herhof
• APOSTEIROSI
• BEAL

Products and services

• Anaerobic Waste Treatment – Biogas Process

Quantifiable outcome

• 800,000 tons CO2 emissions avoided annually at Ano Liosia plant alone
• +5 more outcomes

Named customers6 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• EPALTHEA S.A.coreStrategic or Co-development Partner · 1 August 2022HELECTOR holds 60% stake in EPALTHEA S.A., which took over the concession contract for operating the Medical Waste Incineration Plant (EDSNA's facility) for 23 years starting August 2022.
• BEAL S.A. (HELECTOR - EDL Joint Venture)coreStrategic or Co-development PartnerJoint venture between HELECTOR S.A. and Australian company Energy Developments Ltd (each 50% participation) for operating the Ano Liosia Landfill Gas Power Plant with 24.22 MW capacity. EDL contributes international expertise in energy development while HELECTOR provides local operational excellence in waste management.
• ELLACTOR S.A.coreStrategic or Co-development PartnerJoint venture with ELLACTOR S.A. and CYBARCO Ltd for the Mechanical Biological Treatment Unit in Larnaca, Cyprus - the first modern solid waste management project in Cyprus.
• CYBARCO LtdcoreStrategic or Co-development PartnerPart of the joint venture for the Cyprus waste management project alongside HELECTOR and ELLACTOR.
• EPADYM S.A.coreStrategic or Co-development Partner100% HELECTOR subsidiary acting as the Private Partnership Entity for the Western Macedonia integrated waste management project under PPP contract.
• EDADYM S.A.coreStrategic or Co-development Partner100% HELECTOR subsidiary responsible for operation and maintenance of the Western Macedonia waste management facilities.
• Motor Oil GroupcoreStrategic or Co-development PartnerHelector is now part of the Motor Oil Group as of 2025, marking a new corporate era and strategic alignment with a major energy and infrastructure group.
• THALIS ES S.A.minorStrategic or Co-development PartnerJoint venture with THALIS ES S.A. (60% HELECTOR, 40% THALIS) for the Western Macedonia Biomass Plant with 1.26 MW capacity.

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Veolia Environnement: Global environmental services leader operating integrated waste management, MBT plants, and waste-to-energy assets across Europe. Directly comparable to Helector in MBT/anaerobic digestion and landfill-gas-to-energy operations, but at vastly greater scale and with broader service portfolio.
• Suez: International waste management and water services group with strong European MBT and biogas footprint. Competes with Helector for municipal concessions across SE Europe and offers comparable integrated waste-to-energy and recycling platforms.

Direct peers

• REMONDIS: German-headquartered family-owned waste management company with pan-European presence in collection, recycling, MBT, and biogas. Geographically overlaps Helector's German biomass and Herhof-technology footprint and competes for EU municipal contracts.
• Biffa: UK integrated waste management business operating collection, recycling, MBT, and energy-from-waste assets. Comparable to Helector's vertically integrated approach combining municipal waste collection, treatment, and energy recovery.
• Stericycle: US-listed regulated waste management specialist with deep medical/hazardous waste incineration and sterilization operations. Directly comparable to Helector's Greek monopoly medical waste incineration and APOSTEIROSI sterilization network.
• Renewi: UK-listed European recycling and waste-to-product specialist operating MBT, sorting, and recycling infrastructure across Benelux and neighboring countries. Closely comparable operating model to Helector on recycling streams, sorting, and recovery.
• Clean Harbors: North America's largest provider of hazardous waste management and environmental services. Comparable to Helector's licensed medical waste incineration, hazardous waste handling, and treatment/disposal concessions.
• FCC Environment (FCC Servicios Medio Ambiente): Spanish-headquartered environmental services division of FCC Group active in municipal solid waste collection, treatment, recycling, and waste-to-energy across Europe. Closely mirrors Helector's integrated waste management and PPP/concession business model.

Emerging players

• Prezero (Schwarz Group): European environmental services platform (Schwarz Group) scaling recycling, MBT, and waste-to-energy operations. Increasingly active in SE European and adjacent tenders where Helector competes for municipal concessions.

Regional players

• Efacec: Portuguese environmental and engineering firm active in waste sorting/recycling and energy-from-waste projects in Iberia and select international markets. Comparable to Helector in EPC plus operation of waste treatment infrastructure and biogas facilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries14 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 Helector