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Suez Environnement Company SA forms joint venture for hazardous waste–to energy recovery plant

Monday, 24 Mar 2014 08:00pm EDT 

Suez Environnement Company SA:Says through its subsidiary SITA Waste Services it has signed a joint venture agreement with Shanghai Chemical Industry Park Investment Corporate (“SCIP”) and Nantong Economic Technology and Development Area Company (“NETDA”).Joint venture is for construction and operation of new hazardous waste–to energy recovery plant in Nantong Economic Technology and Development Area.Suez Environnement has 60 pct stake in joint venture, SCIP 30 pct and NETDA 10 pct.Contract will generate about 575 million euros in next 30 years.New energy recovery and treatment plant has designed capacity of 30,000 tons/year for treatment of locally generated hazardous waste and professional treatment of 3,300 tons/year of medical waste. 

Company Quote

27 Apr 2015