Everbright International Secures Shandong Laiwu Waste-to-energy Project and Food Waste Treatment Project2 June 2015, Hong Kong – China Everbright International Limited ("Everbright International" or the "Group") (HKSE: 00257) is pleased to announce that the Group has signed concession agreements with the Municipal Government of Laiwu City in Shangdong Province for a household waste-to-energy project ("Laiwu Waste-to-energy Project") and a food waste treatment project ("Laiwu Food Waste Treatment Project") respectively, to carry out the coordinated processing of household and food waste in Laiwu City.
Laiwu Waste-to-energy Project will be invested in and constructed on a BOT (Build-Operate-Transfer) basis, with a concession period of 30 years. It has a total designed daily household waste processing capacity of 1,000 tonnes and will be constructed in two phases. With an investment of approximately RMB385 million, Phase I of the project is designed to have a daily household waste processing capacity of 700 tonnes. Its gas emissions will fully comply with the Euro 2000 Standard.
Laiwu Food Waste Treatment Project is Everbright International's first food waste treatment project. It has a total investment of RMB50 million and will also be invested in and constructed on a BOT basis, with a concession period of 30 years. It has a designed daily food waste processing capacity of 100 tonnes and adopts an operating model that integrates collection, transportation and processing. The project will mainly process food waste from restaurants, hotels, businesses and school canteens in Laiwu City.
Mr. Chen Xiaoping, CEO of Everbright International, said, "The Municipal Government of Laiwu City has chosen Everbright International as its working partner for this household and food waste co-processing project based on substantial research and studies into similar domestic and overseas projects. This highlights Everbright International's strong reputation and credibility in the industry. Laiwu Waste-to-energy Project and Food Waste Treatment Project will implement a coordinated design, construction and operation, in order to improve processing efficiency and reduce operating costs effectively. This is the Group's first household waste and food waste co-processing project, and represents a new industry approach, forming a comprehensive solution for urban solid waste problems. It will serve as a model for the future development of similar projects of the Group."