28 Apr 2014
Everbright International Secures Jiangsu Xinyi Hazardous Solid Waste Treatment Project
28 April 2014, Hong Kong – China Everbright International Limited ("Everbright International" or the "Group") (HKSE: 00257) is pleased to announce that it has signed an investment agreement with the Xinyi Municipal Government, Jiangsu Province ("Xinyi Government"), for the investment and construction of a hazardous solid waste treatment project in Xinyi City ("Xinyi Project" or the "Project").
With a total investment of RMB100 million, Xinyi Project will be designed to have an annual hazardous solid waste incineration processing capacity of 9,500 tonnes and will be constructed on a BOT (Build-Operate-Transfer) basis. Leading domestic technology will be deployed for safe treatment of hazardous solid waste. The Project will also adhere to relevant national environmental protection standards and its gas emission will comply with the Euro 2000 standard. Upon completion, the Project will serve Tangdian Chemical Industrial Park in Xinyi Development Zone, Suhua Area, and the Central District as well as surrounding areas.
Mr. Chen Xiaoping, CEO of Everbright International, said, "Integrated hazardous solid waste treatment will be the focus of our next round of business development. Xinyi Project is the Group's ninth hazardous solid waste treatment project and will further strengthen the Group's integrated capability in the hazardous solid waste treatment sector. In addition, the close proximity of Xinyi to Suqian and Lianyungang will generate the synergy between each project company through the use of resources and will effectively lower the costs."
Mr. Chen Xiaoping added, "Xinyi BT Surface Water Project and Xinyi BT Waste Water Treatment Project have laid a solid foundation for further cooperation between the Group and the Xinyi Government. The Xinyi Project will be a restarting point for the Group and the Xinyi Government to further their cooperation in other areas of environmental protection, by adhering to our principle of Implementing Projects with One Success Followed by Another. The Group will introduce advanced technology and high standards to the Project to make it a model demonstration project. At the same time, we will reinforce the Group's brand influence in Northern Jiangsu while creating a sustainable environment together with the Xinyi Government."