SUEZ NWS and Chinese chemical company Shanghai Huayi have entered into a joint venture to provide hazardous waste treatment and recovery solutions to Qinzhou, part of the Guangxi province in China.
The agreement allows a joint venture between SUES NSW (51 per cent) and Huayi Group (49 per cent) to construction, finance and operate an energy recovery unit for the hazardous waste produced by the Qinzhou Harbour Economic and Technical Development Zone of Guangxi Province for the next 50 years.
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Around $74.5 million (€46 million) has been invested into the facility, which will have an annual treatment capacity of around 27,000 tonnes.
Construction of the unit will begin in 2018 and be operational by 2021.
The facility aims to provide a safe and environmentally friendly method of disposing of hazardous waste, with a unit designed and built according to European standards for air emissions. It is estimated to recover around 78,000 tonnes of steam and reduce the amount of greenhouses gasses by the equivalent of more than 10,000 tonnes of coal per year.
Shanghai Huayi Head of Environmental Protection department Wang Wen Xi said the company was delighted to partner with SUEZ Group on sustainable industrialisation.
“We have every confidence that by combining our strengths, we will achieve excellence in the Qinzhou project, for the benefit of China’s environmental sector. We plan to work with industrialists in more locations to achieve China’s noble environmental ambitions,” Mr Wen Xi said.
SUEZ CEO Jean-Louis Chaussade said the agreement is an important testament to the shared commitment of promoting a circular economy and green growth between China and France.
“We provide our expertise to several industrial parks with a view to reducing their environmental footprint and we aim to pursue our development on the basis of a partnership model. The project developed by SUEZ and Shanghai Huayi in Qinzhou is a perfect example of Sino-French cooperation,” Mr Chaussade said.