Veridis Environment

What Veridis Environment does

Veridis Environment Ltd. (TLV:VRDS) is an Israeli environmental infrastructure operator headquartered in Herzliya that delivers municipal and industrial environmental services across four integrated business units. The Waste 360° unit provides waste collection, sorting, treatment, recycling, hazardous-waste incineration (via subsidiary Ecosol, the only licensed facility of its kind in Israel), and contaminated soil remediation (via subsidiary VCS). The Paper & Cardboard unit operates through wholly-owned subsidiary Infinya, acquired in 2023, which runs a vertically integrated recycling-to-packaging value chain. The Water unit operates the Ashkelon seawater reverse-osmosis desalination plant built under a BOT agreement with NIS 1 billion+ in investment, producing roughly 20% of Israel's household water consumption at 120 million m3 annually. The Energy unit includes a partnership stake in OPC Energy's power stations (Rotem 466MW, Tzomet 396MW, Hadera 144MW, Gat 75MW), an 83MW captive power station at Ashkelon, energy-efficiency BOT projects, and a nationwide HVAC installation and maintenance service.

The company generates revenue primarily through long-term negotiated contracts with more than 50 Israeli local authorities and municipal bodies, alongside direct sales to industrial and commercial customers, energy off-take arrangements, and BOT/managed-services contracts. Customers include Nesher Israel Cement Enterprises (RDF offtake at the Hiriya facility), Israeli households and agriculture (water supply), and neighboring industrial plants at Neot Hovav (Ecosol steam supply). Capital intensity is high across physical plant, membrane desalination infrastructure, an MRF network spanning Afula (1,500 tons/day), Evron (1,300 tons/day, opened April 2025), and Hiriya RDF (650,000 tons/year), 280 collection vehicles, and integrated reverse-osmosis facilities. The group employs more than 1,000 people across Israel and is controlled by Delek Automotive Systems Ltd. (since July 2018), with public float on the Tel Aviv Stock Exchange following its June 2021 IPO that raised approximately 883 million shekels. Certifications include ISO 9001, 14001, 45001, and 17025 (for laboratory accreditation).

Name

Veridis Environment

Legal name

Veridis Environment Ltd. (ורידיס אינווירונמנט בע"מ)

Website

https://veridis.co.il

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

1–10 employees

Short description

Veridis Environment is an Israeli publicly-traded environmental infrastructure operator delivering integrated waste management, seawater desalination, energy generation, and paper-recycling services to municipalities, industry, and households across Israel.

Ownership category

akta.pro rank

Product category

Environmental Services

NAICS

Waste Management and Remediation Services (562), Hazardous Waste Collection (562112), Remediation and Other Waste Management Services (5629)

SIC

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

akta.pro primary industry

Healthcare Non-hazardous Waste Services (General/Regulated Non-hazardous) (EUAIAGAG)

akta.pro secondary industries

Organics Facility Development & Operations Services (Design/Build, O&M, Permitting) (EUAIAEAJ), Medical Waste Management & Biohazard Disposal Systems (Regulated Waste, Liners, Containers) (HLAHANAI), Waste & Hazardous Materials Management (incl. HazMat) (BPAHAJAK)

Keywords

• Waste management services
• Seawater desalination
• Refuse derived fuel
• Hazardous waste incineration
• Environmental remediation

Headquarters

HQ city

Herzliya

HQ country

Israel

HQ region

Middle East

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Waste Management Services: Collection, sorting, treatment, and disposal of waste for municipalities, commercial and industrial customers. Includes hazardous waste management through Ecosol incineration facility.
2. Water Desalination: Operation of the Ashkelon desalination plant producing about 20% of Israel's household water consumption. Built with investment of over NIS 1 billion under BOT agreement.
3. Energy Generation and Services: Power station partnership (OPC Energy), energy efficiency services in BOT model, HVAC installation and maintenance services. Veridis operates an 83MW power station at Ashkelon alongside the desalination plant.
4. Paper and Cardboard Recycling: Through subsidiary Infinya (acquired in 2023), the company operates in recycling, cardboard paper production, and packaging manufacturing. Vertical integration across the value chain from collection to production.
5. Environmental Remediation Services: Consulting, solutions and laboratory services for contaminated soil, groundwater, water and sewage infrastructure testing, and refuelling facility testing. Services provided through VCS subsidiary.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Veridis Environment is an integrated environmental services company operating a full lifecycle waste management platform (collection, sorting, recycling, treatment, hazardous waste incineration, and landfill), a large-scale seawater desalination plant, energy generation and efficiency services including HVAC, and a vertically integrated paper and cardboard recycling business. The company serves more than 50 Israeli municipalities, industrial and commercial enterprises, and households through a network of treatment plants, sorting facilities, a 280-vehicle collection fleet, and BOT-style infrastructure contracts.

Product overview

Veridis Environment is an environmental services company offering a comprehensive integrated platform across four interconnected business units: Waste 360° (covering waste collection, sorting, treatment, recycling, hazardous waste, remediation, and landfill operations), Paper & Cardboard (through subsidiary Infinya), Water (seawater desalination via the Ashkelon plant), and Energy (power generation partnerships, energy efficiency, and HVAC services). The portfolio is structured as a platform-plus-specialized-services model, where the core environmental infrastructure platform supports specialized offerings including the Ecosol hazardous waste incineration plant, Hydroxyl air purification systems, RDF fuel production, and VCS environmental remediation services. Key facilities include the RDF Hiriya plant, Afula and Evron sorting facilities, the Ashkelon desalination plant, and participation in OPC power stations.

Differentiator

Problem solved

Functional benefit

Brands

• Infinya: Paper and cardboard recycling, cardboard paper production, and packaging manufacturing subsidiary.
• Ecosol
• VCS (Veridis Soil Remediation)
• Hydroxyl Israel

Products and services

• Waste 360° Comprehensive end-to-end waste management service covering collection, sorting, treatment, recycling, and disposal of municipal, commercial, industrial, household, and green waste across Israel, including hazardous waste, environmental remediation, hydroxyl air purification, and landfill operations. Designed for municipalities, industrial customers, commercial enterprises, and households.
• Ashkelon Desalination Plant (Seawater Desalination) Large-scale seawater reverse osmosis desalination producing about 20% of Israel's household water consumption and supplying agricultural and industrial users, operated under a BOT agreement with the Israeli government.
• Infinya Paper & Cardboard Recycling and Packaging Vertically integrated paper and cardboard recycling, paper production, and packaging manufacturing through subsidiary Infinya, the largest circular-economy paper company in Israel.
• Ecosol Hazardous Waste Incineration High-temperature incineration of hazardous industrial organic waste at Israel's only licensed hazardous waste incineration facility, also supplying steam as a renewable energy source to neighboring industrial plants.
• Hydroxyl Air Purification Systems Distribution of PYURE hydroxyl technology systems for air and surface disinfection, odor neutralization, and mold treatment that operate safely in occupied spaces.
• Energy Efficiency Services (BOT Model) Energy efficiency solutions under BOT financing for commercial and public-sector customers, including smart system design, energy surveys, efficiency programs, and HVAC optimization; Israeli market leader in hotel-sector BOT energy efficiency.
• HVAC Installation and Maintenance Services Nationwide heating, ventilation, and air-conditioning installation and maintenance services delivered by nearly 100 technicians across seven Israeli regions, serving 200+ customers at 400+ sites with 24/7 call center support.
• RDF (Refuse Derived Fuel) Production Production of Refuse Derived Fuel from municipal and non-hazardous industrial/commercial waste at the Hiriya facility, sold as alternative fuel to cement plants and coal-fired power stations and avoiding 165,000 tons of CO2 emissions annually.
• Environmental Remediation (VCS) Environmental consulting and remediation services for contaminated soil, groundwater, water and sewage infrastructure, and refueling facilities, supported by an ISO 17025 accredited laboratory, delivered through the VCS subsidiary.

Quantifiable outcome

• 165,000 tons of CO2 emissions avoided annually at Hiriya RDF plant
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Infinya Ltd.coreStrategic or Co-development Partner · 1 January 2023Veridis acquired full holdings of Infinya Ltd. in 2023. Infinya specializes in recycling, cardboard paper production, and packaging manufacturing. It is the largest company in Israel promoting circular economy with vertical integration across the value chain.
• OPC EnergycoreStrategic or Co-development Partner · 1 June 2021Veridis is a partner in OPC Energy and all its activities in electricity production and supply in Israel. OPC Energy is Israel's first and leading private electric company engaged in initiation, development, construction and operation of power plants. Power stations include Rotem (466MW), Tzomet (396MW), Hadera (144MW), and Gat (75MW).
• Kibbutz EvroncoreStrategic or Co-development Partner · 1 January 2021Co-ownership of Eco-Park Evron waste sorting facility with Kibbutz Evron. The advanced regional facility serves approximately one million residents in the Galilee with daily capacity of approximately 1,300 tons.
• Windex (formerly)minorStrategic or Co-development Partner · 23 April 2017Veridis completed acquisition of Windex company on April 23, 2017 as part of business development strategy and entry into contaminated soil market. Windex is now part of VCS subsidiary.
• Veolia InternationalminorStrategic or Co-development Partner · 1 January 1993Veridis was founded in 1993 as part of Veolia International - the world's largest environmental services corporation. Veolia is no longer the parent company (Delek Automotive Systems holds control since 2018).
• Nesher Israel Cement EnterprisescoreChannel Partner/ Reseller/ Distributor18% of waste processed at Hiriya RDF facility is used as alternative fuel (RDF) at Nesher's Ramla cement plant, replacing polluting fossil fuels (petcoke).

Scale indicators16 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Biffa plc: UK-based integrated waste management business with municipal and commercial collection plus materials recycling facilities. Comparable to Veridis in operating advanced MRFs alongside waste collection under long-term municipal contracts.
• Renewi plc: European waste-to-product company operating recycling and waste-processing facilities across multiple countries. Comparable to Veridis in monetizing sorted waste streams (paper, organics, RDF) rather than relying solely on landfill disposal.
• Republic Services: Major US environmental services company offering municipal and industrial waste collection, recycling, and disposal. Comparable to Veridis in serving municipalities under long-term contracts with vertically integrated processing facilities.
• Waste Management Inc. Largest waste management, recycling, and landfill services provider in North America. Closest comparable in terms of integrated waste-collection-plus-disposal platform with embedded recycling and energy-recovery assets.
• Suez SA: French multinational offering water and waste management services across municipal and industrial segments. Directly comparable to Veridis in combining water utilities with waste collection, recycling, and treatment under one platform.
• Veolia Environnement: Global environmental services giant and Veridis's former parent (founded under Veolia in 1993). Operates integrated water, waste, and energy services globally, providing the closest global analogue to Veridis's integrated environmental platform.

Regional players

• Casella Waste Systems: US Northeast-focused solid waste, recycling, and resource management operator. Comparable to Veridis in its vertically integrated regional waste services model, though operates in a different geographic market.

Direct peers

• Clean Harbors: North American leader in hazardous waste management, environmental remediation, and industrial services. Directly comparable to Veridis's Ecosol hazardous waste incineration business and VCS remediation subsidiary.
• IDE Technologies: Israel-based desalination technology company and Veridis's primary domestic competitor in seawater reverse osmosis. Both operate large-scale Israeli desalination plants and compete for new BOT contracts in water-scarce markets.
• Hadera Paper: Israeli paper and packaging manufacturer with recycling operations. Highly relevant peer for Veridis's Infinya subsidiary — both operate vertically integrated recycled paper/cardboard and packaging businesses in Israel.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance5 records

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&A

Investments

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

Frequently asked questions about Veridis Environment