Synergy Consulting, Inc. is honored and delighted to receive the “waste deal of the year- MENA” award at the IJ Global Award for the “Project Magma- Hazardous Waste Treatment deal, UAE”

by | May 28, 2024 | News

Synergy Consulting, Inc. is honored and delighted to receive the “Waste Deal of the Year – MENA” award at the IJGlobal Awards for the “Project Magma – Hazardous Waste Treatment deal, UAE”.

The award ceremony took place in Dubai on April 24, 2024.

Synergy Consulting, Inc. acted as the Financial Advisor to the consortium of Vision Invest and Veolia (and ADQ in the consortium) for the acquisition of two hazardous waste treatment facilities from ADNOC Refining in the Al Ruwais Industrial City, UAE.

The two hazardous industrial waste treatment plants, which have an annual capacity of nearly 70,000 tonnes, have now been handed over to the consortium from ADNOC Refining.

The acquisition of the plants has been financed through a combination of equity and long-term non-recourse project finance debt, with Natixis and APICORP acting as the Lead MLAs and Structuring Banks; and J.P. Morgan and Natixis acting as the Hedge Providers.

Synergy is committed to supporting clients in conceptualizing and further developing such strategically important projects in APAC, MENA, and other regions. Synergy actively supports the ambition of countries to develop renewable energy and work with all its clients on the shared goal of Environmental and Social Governance (ESG).

Synergy is thankful to IJGlobal and expresses gratitude for this recognition and award.

Synergy thanks all stakeholders, including our clients and financial and private participants, for their continued support and trust, making Synergy the Partner of Choice.

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