30 Jan 2013
Suqian Hazardous Solid Waste Landfill Project Commences Operation
Opening a new chapter for hazardous Solid Waste Management in N Jiangsu(Hong Kong, 30 January 2013) China Everbright International Limited ("Everbright International" or the "Group") (HKSE:00257) is delighted to announce that the Suqian Hazardous Solid Waste Landfill Project (the "Suqian Project" or the "Project") has commenced operation on 22January 2013, opening a new chapter in the management of hazardous solid waste in Northern Jiangsu Province.
Acquired on a BOT (Build-Operate-Transfer) basis, the Suqian Project is constructed and operated by Everbright International. The Project consists of two phases. Phase one of the Project, with a lot size of 66,000 m2, has a storage capacity of 300,000 m3 and a safe hazardous waste disposal and landfill capacity of 20,000 tons per year, involving an investment of RMB99.09 million. The Project mainly services Suqian city with an extended reach of its surrounding areas.
Mr. Chen Xiaoping, Chief Executive Officer of Everbright International, said, "At its commencement of operation, the Project is expected to strengthen the Group's market position in Northern Jiangsu, including its surrounding areas, and extend the Group's industry chain. Meanwhile, as Suqian is generating more hazardous solid waste each year, the region is facing an increasing demand for the safe disposal of hazardous solid waste; hence the Group is committed to a continuous support to the environmental development in the region to answer this urgent request. The successful commencement of Suqian Project also adds another milestone for Everbright International in the hazardous solid waste business in Jiangsu province."