China Everbright International Limited has announced that it has secured the Nanjing Jiangnan Veinous Industrial Park Integrated Hazardous Waste Treatment Project and the Shandong Linyi Linshu Integrated Industrial Waste Treatment Project.

Everbright International signed an investment agreement for Nanjing Hazardous Waste Treatment Project with the management committee of the Nanjing Jiangnan Veinous Industrial Park on 20 June. Everbright International and Nanjing Dingye Investment Group Co., Ltd. will hold equity stakes of 70% and 30% respectively in the project, which will be located in the Nanjing Jiangnan Veinous Industrial Park of Jiangsu Province (China), adjoining Everbright International's Nanjing Waste-to-energy Project.

To be constructed under the BOO (Build-Operate-Own) model in two phases, this project is designed to have a hazardous waste processing capacity of 80,000 tons per annum, mainly from Nanjing downtown areas as well as surrounding counties and cities. The total investment amount of Phase I of this project is approximately RMB370 million (US$55.3 million), with an incineration capacity of 20,000 tons per annum and a physical-chemical treatment capacity of 20,000 tons per annum.

Linyi Hazardous Waste Treatment Project will be located in the Linshu Chemical Industrial Park of Linyi City, Shandong Province, adjoining Everbright International's Linshu Waste-to-energy Project. It will also be constructed under the BOO model in two phases. The project is designed to have a hazardous waste processing capacity of 40,000 tons per annum. Phase I of the project has an incineration capacity of 20,000 tons per annum with a total investment amount of approximately RMB260 million. The gas emissions will fully comply with the Euro 2010 Standard. 

Mr. Chen Xiaoping, CEO of Everbright International, said:

 "The demand for hazardous waste treatment services has been given a boost as a result of more stringent requirements for pollution control and intensified enforcement of environmental compliance. With its strong technical capabilities, Everbright International has the ability to safely treat 40 out of 49 categories of hazardous waste listed in the National Catalog of Hazardous Waste. In addition to making up for inadequacies in the local hazardous waste processing industry, the two new projects, which are in close proximity to the Group's waste-to-energy projects, will create synergies to achieve better cost control and improve efficiency through centralized management, financial and other resources."