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Industry News


Norwegian owners acquire all shares in Geminor Group


G


eminor CEO Kjetil Vikingstad and COO Ralf Schöpwinkel buy out their Danish partner and


secure 100% ownership of the waste management group. CEO Kjetil Vikingstad and COO


Ralf Schöpwinkel have until now shared ownership of Geminor AS with waste management company Gemidan. The Danish company has now sold its 36,4% stake in Geminor AS to Geminor Invest AS, a holding company controlled by Vikingstad and Schöpwinkel. The two company managers now hold all shares in Geminor AS, which also includes ownership of all Geminor’s international subsidiaries. Geminor was originally a subsidiary


of Danish Gemidan, and was established in 1994 to offer services in the field of processing and treatment of waste in the Norwegian waste and recovery market. In 2004, Kjetil Vikingstad acquired 60% of the shares in Geminor and developed the company into a significant waste management player in the European waste and recovery industry. At present, the company has headquarters in Karmoy, Norway, with an annual turnover of approx. EUR 118 million. CEO and co-owner of Geminor AS,


Kjetil Vikingstad, said “ After many years of good cooperation, we finally part with our co-owner Gemidan. For a long time, we have wanted to acquire all the shares in Geminor AS in


Kjetil Vikingstad, CEO of Geminor.


order to control the company’s further development in Europe. The ambition is to build the company further as a leading international player within the material recycling and energy recovery markets.


“This is a considerable and long-


term investment, and we believe this is the right step to take for us, our employees and our business partners. Now we would like to take the lead in the development for a more efficient


and sustainable industry.” Further information: Kjetil Vikingstad, CEO at Geminor Tel. (+47) 916 20 685, e-mail: kjetil. vikigstad@geminor.no. Web: Geminor.no


The HERU: the world’s first hybrid boiler


In such unparalleled times, we wanted to perhaps introduce (or reintroduce) you to a UK green innovation that is quietly changing the world. A genuine good news story in these, hopefully, transient times. The HERU has been developing


through the prototype stage over the last few years, from inventor Nik Spencer’s work with London’s Brunel University to the recent


4 Forest Bioenergy Review Spring 2020


announcement of a partnership with Siemens. The HERU is the world’s first hybrid boiler and takes everyday items, which would previously have been destined for landfill, such as leftover food, used nappies and plastics, and converts them into energy to heat water for households and commercial buildings. It has over 10,000 hours of testing


and ten months of field trials at Wychavon District Council and


Hillers Farm Shop in Worcestershire, the results of which point to HERU as a potential major breakthrough technology, which if rolled out across the UK’s 22 million homes, could prevent upwards of 13.5 million tonnes of valuable resource entering the UK’s waste system. Independent assessment of the


technology by Ricardo Energy & Environment found that compared to traditional waste collections,


the HERU had 300% less global warming impact than co-mingled collections and 280% less than kerbside collections. As well as the domestic unit, the


HERU is now in the development phase for a larger commercial model, which is planned to go into production in 2021. To understand the technology


better, you can view the Vimeo video here: https://vimeo.com/357634495


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