NG Nordic
NG Nordic is the leading Nordic circular economy and waste management operator, handling 4.8 million tonnes of waste annually across 90 facilities in six countries. It serves industrial, municipal, and construction customers with collection, hazardous waste incineration, recycling, material recovery, and energy generation.
- Company typePrivate
- Founded1926
- HeadquartersLysaker (Oslo region), Norway
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What NG Nordic does
NG Nordic is the leading Nordic provider of circular economy and environmental services, formed in 2024 when Summa Equity acquired Fortum Recycling & Waste for EUR 800 million and combined it with NG Group, tracing its origins to a scrap-trading business founded in 1926. The company operates 90 processing facilities across Norway, Sweden, Finland, Denmark, Poland, and the UK, handling approximately 4.8 million tonnes of waste annually and removing 475,000 tonnes of hazardous waste from circulation in 2025. Its core activities span waste collection, sorting, recycling, high-temperature incineration of hazardous waste, demolition and remediation, water treatment, and energy recovery (917 GWh of district heating and 139 GWh of electricity).
The company's underlying technology combines physical waste processing infrastructure (three high-temperature incinerators at Riihimäki, Nyborg, and Kumla) with proprietary chemical and material innovations, including a European-patented sulfate removal process, first-to-market carbon capture at a hazardous waste facility achieving up to 95% capture rates (in collaboration with SLB Capturi), and Circo recycled plastic granules plus INGA CO2-derived plastics. Sub-brands Transparent Metal and REEN provide ESG data reporting and digital solutions for waste management respectively.
NG Nordic generates revenue primarily through fee-for-service contracts (waste collection, treatment, and disposal) with industrial customers, municipalities, and construction companies, supplemented by transactional revenue from the sale of recycled raw materials (plastics, metals) and energy output. Customers span enterprise manufacturers (Gränges, ABB, SWIX, Equinor), public sector (Bane NOR, municipal waste authorities), and energy utilities (Riihimäen Kaukolämpö). The company is privately owned by Summa Equity, a purpose-driven PE firm, and reported EUR 1.34 billion in 2025 revenue with approximately 3,400 employees.
NG Nordic firmographics
Firmographics- Name
- NG Nordic
- Legal name
- NG Nordic AS
- Website
- https://ngnordic.com
- Company type
- Private
- Founded year
- 1926
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- NG Nordic is the leading Nordic circular economy and waste management operator, handling 4.8 million tonnes of waste annually across 90 facilities in six countries. It serves industrial, municipal, and construction customers with collection, hazardous waste incineration, recycling, material recovery, and energy generation.
- Ownership category
- akta.pro rank
NG Nordic industry classification
Industry- Product category
- Waste Management & Recycling Services
- NAICS
- Hazardous Waste Treatment and Disposal (562211), Solid Waste Combustors and Incinerators (562213), Waste Collection (5621), Solid Waste Collection (562111), Waste Treatment and Disposal (5622)
- SIC
- Refuse Systems (4953), Sanitary Services (4950)
- akta.pro primary industry
- Refuse-Derived Fuel (RDF) Production & Co-processing (Cement Kilns/Industrial Furnaces) (EUAIACAH)
- akta.pro secondary industries
- Commercial & Office Waste Collection (Non-hazardous) (EUAIAGAA), Special Waste Transfer (Tires, Mattresses, Appliances) (BPALABAG), E-waste & Universal Waste Collection/Transfer (Electronics, Lamps, Batteries) (EUAIABAG)
Keywords
Where NG Nordic is headquartered
LocationHeadquarters
- HQ city
- Lysaker (Oslo region)
- HQ country
- Norway
- HQ region
- Europe
Offices6 records
Markets served
NG Nordic business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain, Marketing or Sales
Revenue model
- Waste Management Services: Comprehensive waste collection, trading, treatment, and recycling services for all types of segments and customers across local, regional, nationwide, and international markets. Includes hazardous waste management with high-temperature incineration.
- Recycling and Material Recovery: Processing and sale of recycled materials including metals, plastics (Circo), and other secondary raw materials. Revenue from selling recovered raw materials back into industrial supply chains.
- Circular Raw Materials: Scaling access to circular raw materials through advanced processing, upscaling, and industrial partnerships. Includes recycled plastic granules, metal recycling, and recovered materials.
- Environmental Construction Services: Soil remediation, demolition, renovation, water treatment, and reception/recycling of industrial waste streams.
- Energy Generation: Waste-to-energy operations generating electricity and district heating (917 GWh) from waste that cannot be recycled, reducing reliance on virgin fossil or renewable fuels.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels7 records
NG Nordic product offering
Product offeringCore offering
NG Nordic provides waste collection, treatment, recycling and recovery services to industrial, municipal and construction customers across the Nordics, Poland and the UK through 90 processing facilities. Offerings include hazardous-waste high-temperature incineration, soil remediation and demolition, waste-to-energy generation, and the production of secondary raw materials such as recycled plastic granules (Circo) and metals, with proprietary carbon-capture and sulfate-removal technologies supporting circular-economy outcomes.
Differentiator
Problem solved
Functional benefit
Brands
- Circo®: Brand for recycled plastics produced from post-consumer plastic waste. Available in HDPE, LDPE, and PP grades as well as customized compounds for various applications.
- INGA
- Transparent Metal®
Products and services
- Waste management and recycling services Collection, treatment and recycling of all waste types including mixed, industrial and construction waste; ongoing service offering for industrial customers, municipalities and businesses.
- Hazardous waste treatment and high-temperature incineration Specialized high-temperature incineration of hazardous waste streams (chemicals, PFAS, heavy metals), serving hazardous-waste-producing industries with regulatory-compliant treatment and energy recovery.
- Circo® recycled plastics Post-consumer recycled plastic granules and compounds (HDPE, LDPE, PP basic grades plus customized PP compounds including PP-CF, PP-T, PP-LGF, PP High Flow, PP High Impact, PP Flame-retardant series), sold as sustainable alternatives to virgin plastics for industrial buyers.
- INGA plastics from CO2 Plastics produced from CO2 — next-generation sustainable plastics brand offering an alternative to fossil-based plastic production for industrial buyers.
- Waste-to-energy and district heating supply Energy generation from non-recyclable waste, supplying district heating and electricity to municipal networks and the grid.
- Environmental construction services Soil remediation, demolition, renovation, water treatment (including PFAS and sulfate removal) and recycling of industrial waste streams for construction and infrastructure projects.
- Waste collection and transport services Container rental and waste collection/transport services for industrial, construction and commercial customers in Norway.
- IT asset end-of-life management Electronic waste collection, secure data destruction, testing, reuse and recycling of IT equipment for organizations with IT assets requiring end-of-life handling.
- Urban Reuse services Reuse and second-life services giving materials a new use, operated through the Urban Reuse business area.
Quantifiable outcome
- 475,000 tonnes of hazardous waste removed from circulation in 2025
- +4 more outcomes
Companies that use NG Nordic
Customer profileNamed customers8 records
Segments5 records
Ideal customer profiles5 records
NG Nordic technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
NG Nordic partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core, expansion, innovation and minor.
- SLB CapturicoreCollaboration on carbon capture technology demonstration at hazardous waste facility in Nyborg, Denmark. SLB Capturi provided technology that achieved up to 95% carbon capture rates in demanding hazardous waste incineration conditions.
- GrängescoreExtension of long-term recycling partnership. Gränges is a global engineering materials company, and NG Nordic provides ongoing recycling services for their operations.
- Kuljetusrinki OyexpansionAcquisition strengthening NG Nordic's position in circular economy and waste management services in the Helsinki metropolitan area.
- Riihimäen KaukolämpöcoreLong-term cooperation in the supply of thermal energy from NG Nordic Finland operations to Riihimäen Kaukolämpö district heating network.
- SWIXinnovationPartnership to turn captured carbon into ski wax boxes - transforming CO2 emissions into sports innovation products for circular economy applications.
- ManainnovationCollaboration to take steps towards turning waste into a resource without CO2 emissions through biocarbon production from wood waste.
- ABBinnovationPartnership to develop electrical accessories products made from carbon dioxide-based plastic, exploring circular plastic applications.
- HØINEminorHØINE won startup pitch competition at Arendalsuka, indicating support for innovation in circular economy startups.
- ManainnovationMoU with Mana, NORCE, and Equinor to develop Norway's first waste-to-Sustainable Aviation Fuel (SAF) plant, transforming non-recyclable waste into clean energy carriers.
- INSEADinnovationPartnership with INSEAD business school for forward-looking research in circular economy and sustainability.
Scale indicators11 records
Recent moves7 records
Expansion highlights7 records
NG Nordic competitors and assessment
Company assessmentDirect peers
- Stericycle: US-headquartered but with European operations, focused on hazardous waste management and regulated waste services. Comparable in hazardous waste treatment, secure disposal, and industrial compliance-driven waste handling.
- Renewi: Western European waste-to-product company focused on recycling and material recovery with operations in the Netherlands, Belgium, and UK. Closely aligned with NG Nordic's circular materials and recycling business model.
- Veolia Environnement: Global environmental services leader with comparable waste management, recycling, and hazardous waste treatment operations across Europe. Most direct competitor in municipal and industrial waste services at a comparable scale.
- Stena Recycling: Nordic and European metals recycler and circular materials specialist. Highly comparable given overlapping Nordic footprint, industrial customer base, and focus on material recovery and circular raw materials.
- Remondis: German-headquartered family-owned waste and recycling company with pan-European operations. Comparable in industrial and commercial waste collection, recycling, and hazardous waste services.
- PreZero: European environmental services provider owned by the Schwarz Group, active in waste collection, sorting, and recycling across multiple European countries. Direct competitor in circular economy services and material recovery.
- Suez: European waste and water services operator with overlapping collection, recycling, and hazardous waste capabilities. Comparable in serving municipalities and industrial clients with circular economy solutions.
Emerging players
- Tomra: Norwegian technology company specializing in reverse vending, sorting, and material recovery systems. Adjacent comparable given Norwegian roots, circular economy technology focus, and downstream recycling overlap with NG Nordic's Circo operations.
Others
- Dalkia (EDF group): European district heating and energy services operator. Comparable as a buyer of waste-derived heat and as an adjacent infrastructure player for NG Nordic's 917 GWh district heating output and waste-to-energy partnerships.
Broad incumbents
- FCC Environment (FCC Ámbito): Spanish environmental services arm of FCC Group with broader municipal and industrial waste operations across Europe and Latin America. Overlaps with NG Nordic in waste collection, treatment, and recycling but operates at a broader portfolio scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
NG Nordic social profiles
Digital presenceNG Nordic compliance and trust
Trust signalCompliance2 records
NG Nordic financial estimates
Financial estimateRevenue estimate
Valuation estimate
NG Nordic leadership team
Management profileNumber of profiles
Profiles13 records
NG Nordic subsidiaries and ownership
Company hierarchySubsidiaries44 records
NG Nordic funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NG Nordic M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NG Nordic
What does NG Nordic do?
NG Nordic provides waste collection, treatment, recycling and recovery services to industrial, municipal and construction customers across the Nordics, Poland and the UK through 90 processing facilities. Offerings include hazardous-waste high-temperature incineration, soil remediation and demolition, waste-to-energy generation, and the production of secondary raw materials such as recycled plastic granules (Circo) and metals, with proprietary carbon-capture and sulfate-removal technologies supporting circular-economy outcomes.
Is NG Nordic a public or private company?
NG Nordic is a private company. It is classified as private equity controlled and is currently operating.
When was NG Nordic founded?
NG Nordic was founded in 1926. It employs 501 to 1,000 people.
Where is NG Nordic based?
NG Nordic is headquartered in Lysaker (Oslo region), Norway, in the Europe region.
How does NG Nordic make money?
Five revenue lines are on record. Waste Management Services are the primary driver. The others are recycling and Material Recovery, circular Raw Materials, environmental Construction Services and energy Generation.
Who are NG Nordic's main competitors?
Direct peers on record are Stericycle, Renewi, Veolia Environnement, Stena Recycling, Remondis, PreZero and Suez. Tomra is listed as an emerging player. Dalkia (EDF group) is listed as an others. FCC Environment (FCC Ámbito) is listed as a broad incumbent.
Does NG Nordic have an API?
No public API is recorded for NG Nordic.
What industry is NG Nordic in?
NG Nordic's product category is Waste Management & Recycling Services. Its primary akta.pro industry code is EUAIACAH, Refuse-Derived Fuel (RDF) Production & Co-processing (Cement Kilns/Industrial Furnaces), with a secondary code of EUAIAGAA, Commercial & Office Waste Collection (Non-hazardous). Its NAICS code is 562211 and its SIC code is 4953.