Suez Environnement Co., the water and solid-waste company part-owned by GDF Suez, agreed to a five-year, 54 million-euro ($75-million) contract to operate a recycling center in Canada.
Under the contract with the city of Edmonton, Alberta, Suez’s Sena Waste Services will separate garbage into organic matter for composting, waste destined for landfills and materials that can be converted into ethanol at an on-site biofuel facility, Paris-based Suez said in a statement today.
“They are trying to divert as much as possible away from black bags” of garbage, Bertrand Camus, chief executive officer of the company’s North American unit, said today in an interview at Bloomberg’s headquarters in New York. It’s part of the city’s effort to develop a more sustainable trash strategy.
GDF Suez, the French energy company, is Suez Environnement’s largest shareholder with a 36 percent stake, according to data compiled by Bloomberg.