Bord na Móna has reached an agreement to sell Bord na Móna Recycling to Irish recycling provider KWD Recycling, subject to regulatory approval. The Drehid Resource Recovery business is not included in this transaction with KWD Recycling.

The transaction follows a strategic review conducted by Bord na Móna of its recycling business which concluded that a sale would enable the business to achieve the scale and efficiency required for sustained growth, profitability and employment.

The sale also aligns with Bord na Móna’s strategic focus as a renewable energy business committed to helping Ireland achieve its green energy target by 2030 and carbon neutrality by 2050.

Bord na Móna Recycling will continue to provide services as usual for its household and business customers pending regulatory approval of the transaction.

The terms and value of the deal are confidential.