Twence records positive result for 2021

The annual financial report of Twence Holding
B.V. was adopted at the shareholders' meeting on April 21, 2022. Twence posted a positive net result (after tax) of €12.1 million in 2021. Almost 51% of the turnover of €125 million was generated from raw materials and energy. This percentage has increased in recent years, as a result of the strategic direction to recover more raw materials from waste and to produce sustainable energy.

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From waste to raw materials and energy
Twence wants to make an active contribution to the circular economy and energy transition, and, as such, has set itself the goal of retaining as much waste and biomass as possible in the cycle by turning these into valuable raw materials and energy. From all the waste and biomass that passed the weighbridges, 154,000 tonnes were recovered, in the form of secondary raw materials such as metals, bottom ash and liquid CO2. A further 28,800 tonnes of compost and 15,000 tonnes of biofuel were produced. Additionally, energy has been produced in the form of sustainable heat and electricity for heating houses and buildings, as well as for making production processes sustainable. This corresponds to the consumption of 217,900 households. Finally, Twence's solar parks also provide renewable electricity for 7,246 households.

Major steps towards further sustainability
In 2021, Twence will have further fulfilled its ambition to make the (EU) region more sustainable. Specific examples include the reopening of the Composting and Fermentation Plant, where, each year, vegetable, fruit and garden waste is processed into new raw materials and sustainable energy, and the opening of the 't Rikkerink solar park in Ambt-Delden, which is generating green electricity for 4,350 households.

In addition, a start has been made on the construction of the manure processing plant in Zenderen, where pig manure is processed into valuable raw materials and energy. This plant is set to be operational in the summer of this year. Preparations have also been made for the supply of heat to Grolsch, which will reduce the brewery's CO2 emissions by 72%. The first heat will be delivered by the end of this year. Furthermore, the 'green light' has been given for the construction of a large-scale CO2 capture plant that will be operational by the end of 2023. Finally, the municipalities of Borne, Enschede and Hengelo signed a letter of intent to carry out an exploratory study for a regional heating grid to provide homes and businesses with sustainable heating. These are all initiatives that make an important contribution to the sustainability ambitions of our shareholding municipalities and to making the (EU) region more sustainable.

Marc Kapteijn, Managing Director: 'We have been mainly sowing seeds in recent years, so to speak; 2022 and 2023 will be years in which even more projects come to fruition. Together with the municipalities, partners and other stakeholders, we will continue to contribute to a sustainable and circular society in the future.'