NG Nordic

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.

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

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

• Waste management services
• Hazardous waste treatment
• Recycled plastics
• Circular economy solutions
• Environmental remediation

Headquarters

HQ city

Lysaker (Oslo region)

HQ country

Norway

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. 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.
2. 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.
3. 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.
4. Environmental Construction Services: Soil remediation, demolition, renovation, water treatment, and reception/recycling of industrial waste streams.
5. 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

Core 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

Named customers8 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Ten partnerships are on record, tiered core, expansion, innovation and minor.

• SLB CapturicoreTechnology or Integration · 28 April 2026Collaboration 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.
• GrängescoreStrategic or Co-development Partner · 27 April 2026Extension of long-term recycling partnership. Gränges is a global engineering materials company, and NG Nordic provides ongoing recycling services for their operations.
• Kuljetusrinki OyexpansionStrategic or Co-development Partner · 17 February 2026Acquisition strengthening NG Nordic's position in circular economy and waste management services in the Helsinki metropolitan area.
• Riihimäen KaukolämpöcoreStrategic or Co-development Partner · 5 January 2026Long-term cooperation in the supply of thermal energy from NG Nordic Finland operations to Riihimäen Kaukolämpö district heating network.
• SWIXinnovationStrategic or Co-development Partner · 27 November 2025Partnership to turn captured carbon into ski wax boxes - transforming CO2 emissions into sports innovation products for circular economy applications.
• ManainnovationStrategic or Co-development Partner · 10 October 2025Collaboration to take steps towards turning waste into a resource without CO2 emissions through biocarbon production from wood waste.
• ABBinnovationStrategic or Co-development Partner · 10 September 2025Partnership to develop electrical accessories products made from carbon dioxide-based plastic, exploring circular plastic applications.
• HØINEminorStrategic or Co-development Partner · 28 May 2025HØINE won startup pitch competition at Arendalsuka, indicating support for innovation in circular economy startups.
• ManainnovationStrategic or Co-development Partner · 15 August 2024MoU 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.
• INSEADinnovationStrategic or Co-development Partner · 12 May 2023Partnership with INSEAD business school for forward-looking research in circular economy and sustainability.

Scale indicators11 records

Recent moves7 records

Expansion highlights7 records

Direct 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

• LinkedInlinkedin.com/company/ngnordic
• Instagraminstagram.com/ngnordic

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries44 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 NG Nordic