Novago

Novago is a Polish company specializing in the production of Refuse-Derived Fuel (RDF), providing waste management solutions focused on transforming waste into renewable energy. Founded in 1992 in Mlawa, Poland, Novago produces Refuse-Derived Fuel (RDF) and was acquired by China Everbright International in June 2016 for EUR 123 million. The company has completed 2 deals to date, with its most recent deal occurring on June 28, 2016. Novago operates in multiple locations across Poland without known subsidiaries or parent companies.

Novago specializes in the production of Refuse-Derived Fuel (RDF), which is characterized by high-quality parameters suited for various energy generation applications. The company’s core offerings revolve around waste management solutions that emphasize the conversion of waste into a valuable resource. By utilizing advanced technologies, Novago processes waste from six voivodeships in Poland, effectively transforming it into renewable energy. Their services target municipalities, industrial clients, and energy producers who seek sustainable waste management practices and cleaner energy solutions.

The geographical markets served by Novago extend beyond Poland, catering to clients in regions that prioritize environmental protection and renewable energy initiatives. Novago operates on a business-to-business (B2B) model, focusing on partnerships with municipalities, industrial sectors, and energy companies. In 2023, the company reported revenue of EUR 48,104,148. 30 and an EBITDA of EUR 5,094,967.

40. Revenue is generated primarily through the sale of RDF and waste management services, which may involve contractual agreements for regular supply and processing of waste materials. The pricing structure is based on the volume of waste processed and the quality of the RDF produced, with provisions for long-term contracts that ensure consistent supply and pricing. As clients engage in waste management services, transactions are structured to facilitate the regular delivery of RDF, thus supporting their clients’ energy generation needs while also promoting environmentally sustainable practices.

Following its acquisition in 2016, Novago aims to leverage its connections and expertise to expand its offerings further. The company is exploring new markets for RDF production and waste management services, specifically targeting regions within Europe by 2025. The recent funding round will be utilized to enhance production capabilities and invest in technology to improve waste processing efficiency.