SZEVF - GE Veolia in pact to provide wind turbine blade recycling

GE Renewable Energy ([[GE]] +0.9%) says it signed a multi-year agreement with Veolia Environnement ([[VEOEY]] +0.6%) to recycle blades removed from GE's U.S.-based onshore wind turbines into a raw material that can be used to make cement.Through the agreement, GE plans to recycle the majority of blades that are replaced during repowering efforts.GE says blades that have been removed from turbines will be shredded at Veolia's processing facility in Missouri and then used as a replacement for coal, sand and clay at cement manufacturing facilities across the U.S.Separately, Suez (SZEVF) says its workers unions signed an agreement in which employee consultations should occur by May 2021 to unlock a court-ordered suspension of Veolia's purchase of a stake in the company.Earlier today, GE said it pre-funded $2.5B of estimated minimum pension plan funding requirements into 2023 and repaid $1.5B of its intercompany loan to GE Capital.

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GE, Veolia in pact to provide wind turbine blade recycling