Veridis Environment
Veridis Environment is a company.
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Leadership Team
Key people at Veridis Environment.
Veridis Environment is a company.
Key people at Veridis Environment.
Key people at Veridis Environment.
Veridis Environment Ltd is an Israel-based company providing comprehensive environmental services focused on waste management, paper and cardboard recycling, water supply, and renewable energy production.[1][2][3] Operating primarily in Israel with expanding presence in the US, Turkey, and other markets, it serves consumers, industry, and agriculture by collecting, recycling, and treating waste; producing recycled materials and packaging; desalinating water; and developing energy facilities using biomass, biogas, and cogeneration.[1][2][7] With 1,231 employees and sales growing from 886M ILS in 2020 to 2.4B ILS in 2024 (primarily in Israel), the company demonstrates strong momentum in the circular economy, including advanced facilities like the RDF Hirriya MRF for waste-to-resource conversion.[1][3][7]
As a subsidiary of Delek Automotive Systems Ltd and listed on the Tel Aviv Stock Exchange (TLV:VRDS), Veridis addresses Israel's environmental challenges through end-to-end solutions, producing renewable resources, green energy, and clean water while promoting economic efficiency.[1][2][3]
Founded in 1993 and headquartered in Herzliya, Israel, Veridis Environment emerged as part of Veolia International to tackle Israel's growing environmental needs in waste, water, and energy sectors.[1][5][6] Initially focused on core environmental services, it has evolved into a leader in recycling and renewable infrastructure, now operating as a subsidiary of Delek Automotive Systems Ltd.[1][2] Key executives include CEO Ilan Ben Simon (since 2018), CFO Benny Bar On, and division heads like Eran Sapir for the Environment Division.[1][7] Pivotal growth includes international expansion, with sales entering the US (152M in 2024) and Turkey, alongside major projects like the world's most advanced MRF facilities.[3][7]
(Note: A separate startup "Veridis" founded in 2020 focuses on plastic recycling tech like MADSCAN; this profile centers on Veridis Environment Ltd based on primary matches.[4])
Veridis rides the global shift toward circular economies and net-zero goals, capitalizing on rising demand for waste-to-energy, recycling infrastructure, and water security amid climate pressures and resource scarcity.[3] In Israel, where water and waste challenges are acute, its desalination and MRF innovations align with national sustainability mandates, while renewable energy projects support energy transition trends like biogas and biomass.[1][3] Market forces favoring Veridis include regulatory pushes for recycling (e.g., UN SDGs on responsible consumption), EU/Israel green deals, and economic incentives for renewables, enabling influence on industrial supply chains by providing recycled inputs and clean utilities.[3][7] It shapes Israel's environmental ecosystem as a pioneer in large-scale reuse facilities, fostering tech adoption in waste management.
Veridis Environment is poised for accelerated growth through international scaling (e.g., US and Turkey sales surges) and tech upgrades in AI-driven sorting or advanced desalination, amid booming global waste management markets projected to exceed $2T by 2030. Trends like stricter ESG regulations, circular economy mandates, and renewable energy subsidies will propel its model, potentially evolving it into a regional leader influencing policy and partnerships. As the force turning waste into resources, Veridis exemplifies how environmental services drive profitable sustainability, setting the stage for broader impact in a resource-constrained world.[3][7]
