12 Nov 2015
Everbright International Obtains Industrial Development Support Funds of over RMB11 Million11 November 2015, Hong Kong - China Everbright International Limited ("Everbright International" or the "Group") (HKSE: 00257) is pleased to announce that two of its greentech projects have obtained industrial development support funds of over RMB11 million from the local governments.
Shandong Zibo Integrated Hazardous Solid Waste Treatment Project received an industrial development support fund of RMB5.59 million from Linzi District, Shandong Province, to be used to support the construction engineering cost of the project, which has been named the key project in Linzi District for the last two years in a row.
Jiangsu Xuyi Biomass Integrated Utilisation Project ("Xuyi Biomass Project") obtained a technology innovation support fund of RMB5.58 million from Xuyi County, Jiangsu Province, which will be used to support the construction engineering cost of the project. The Group secured Xuyi Biomass Project last year and has been constructing it using a 'Molding Fuel and Central Heating' model. Upon completion, it will be able to effectively improve the local straw treatment problem.