Former Veolia CEO Herrewyn launches industrial water business

Dec. 13, 2016
Fomer Veolia Water CEO Jean-Michel Herrewyn has gone on to launch a new business targeting the growing industrial water markets...

PARIS, France - Jean-Michel Herrewyn, the former CEO of Veolia Water and senior VP of Veolia Environnement has gone on to launch a new business targeting the growing industrial water markets.

Called fWE, the company will act to source finance for industrial clients, meaning they will no longer need to own water and wastewater treatment plants.

Instead, funders invest into the assets on the clients’ behalf in a long-term contract.

Development finance institutions such as the International Finance Corporation, a subsidiary of the World Bank, will support the development of water projects in developing countries.

During his time at Veolia, Herrewyn helped to deliver the group’s €5 billion asset divestment program, which included selling off Veolia Water UK for £1.2 billion (read article).

Jean-Michel Herrewyn, who left Veolia in June this year, said: "Thanks to its model combining financial and shareholder interests, as well as social interest, fWE wants to make an effective contribution to directing third-party financing into the construction and service of water and effluent treatment facilities, which are still cruelly short in many areas, and particularly in many developing countries."

The new company’s mission statement is to provide “sustainable solution to the current under-investment in water treatment capacities, particularly in developing countries where the needs of major industrial groups in terms of water capacity are growing”.

To build fWE, Herrewyn has pulled together a team of former colleagues and associates from Veolia and subsidiary companies, including Dominique Bouillot, Jean-Philippe Filhol and Julia Bertret.


Read more

Industrial markets to power Veolia Water’s future

Sponsored Recommendations

NFPA 70B a Step-by-Step Guide to Compliance

NFPA 70B: A Step-by-Step Guide to Compliance

How digital twins drive more environmentally conscious medium- and low-voltage equipment design

Medium- and low voltage equipment specifiers can adopt digital twin technology to adopt a circular economy approach for sustainable, low-carbon equipment design.

MV equipment sustainability depends on environmentally conscious design values

Medium- and low voltage equipment manufacturers can prepare for environmental regulations now by using innovative MV switchgear design that eliminates SF6 use.

Social Distancing from your electrical equipment?

Using digital tools and apps for nearby monitoring and control increases safety and reduces arc flash hazards since electrical equipment can be operated from a safer distance....