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Partner Interview
Published November 13, 2025

Secure Energy Services & the Canadian Industrial Waste Market

Executive Bio

Former Business Development Executive at Secure Energy Services

Summary

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Interview Transcript

Disclaimer: This interview is for informational purposes only and should not be relied upon as a basis for investment decisions. In Practise is an independent publisher and all opinions expressed by guests are solely their own opinions and do not reflect the opinion of In Practise.

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I see. So it's all based on transportation cost.

Proximity to disposal and transport. That's the driver of the whole waste industry.

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I'd be interested in going through each of those to better understand the entry barriers, the economics of the business, and the capital required for greenfield development. Let's start with the landfills. I'm curious about the barriers to entry in that business, the capital investment needed for a new landfill site, and the expected returns or margins.

There are many variables depending on where you want to build your landfill. For example, land in the oil sands is going to be more expensive. The biggest hurdle is likely the AER and obtaining regulatory approval for a new landfill. There's a significant public consultation process involved, which can be quite challenging.

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