The French environmental services concern Suez Environnement entered a joint venture to build and operate a hazardous waste to energy plant in China. The energy recovery facility is to be developed inside the economic technology and development area in Nantong, which is located along China's eastern coast, around an hour's distance from Shanghai. The plant is to process up to 30,000 tonnes of locally generated hazardous waste and 3,300 tonnes of medical waste per year, the concern announced on Tuesday.
Suez Environnement put the total value of the contract at €575m (RMB4.9bn) over 30 years. The French company holds 60 per cent of the joint venture, while the Shanghai Chemical Industry Park Investment Corporate (SCIP) and the Nantong Economic Technology and Development Area Company (Netda) will hold 30 and 10 per cent stakes, respectively. The incinerator is to "strictly meet" both Chinese and European emission standards. The energy generated through incineration of the waste is to be captured and used to produce steam for use at other facilities within the Netda park, said Suez Environnement.