23 Jan 2013
Everbright International inks Licensing Agreement on Grate Furnace TechnologyPartner with MARTIN GmbH, Strengthen Technology Knowhow
(Hong Kong, 23 January 2013) China Everbright International Limited ("Everbright International" or the "Group") (HKSE:00257) is pleased to announce that Everbright Environmental Protection Technological Development (Beijing) Limited, a subsidiary of the Group, has signed a licensing agreement with MARTIN GmbH für Umwelt - und Energietechnik ("MARTIN GmbH") on utilizing its grate furnace technology. MARTIN GmbH is a German-based waste combustion system supplier with one hundred years of experience in waste incineration technology know-how.
The German-based MARTIN GmbH is a recognized industry leader in waste incineration technology in Europe. Its waste combustion system, widely used globally, has the features of complete burnout of bottom ash, fly ash and flue gas, which could improve the combustion efficiency and reduce the manufacturing, operation and maintenance cost. Martin GmbH's waste incineration technology is very flexible and is able to function efficiently with Chinese waste, which has high moisture content, high ash content and low heating value, thereby ensuring that the environmental impact is minimized.
Mr. Chen Xiaoping, Chief Executive Officer of Everbright International, said, "With the new partnership with German-based MARTIN GmbH on the new licensing, Everbright International will have the ability to develop its own grate furnaces and absorb the most advanced waste combustion technology, which will effectively reduce the engineering, construction and operation costs and further enhance the Group's technological advantages as well as strengthen the market competitiveness in the waste-to-energy industry for the Group.".