SUEZ NWS, Shanghai Chemical Industry Park, and Shanghai Automotive Industry Corporation Motor Co., Ltd., have formed a joint venture that will be responsible for a new hazardous waste to energy facility
According to SUEZ, the firms are joining forces to recover hazardous waste from automotive sector and clients inside the industrial park.
With a cumulative turnover estimated at €528 million for a period of 30 years, this contract will address the increasing demand for hazardous waste treatment while supporting them towards environmental growth.
The JV will provide specialised hazardous waste treatment services to the different production sites of SAIC Motor in Shanghai and to the increasing volume of hazardous waste generated by clients inside the Park. Construction work will begin in Q1 2021 and be completed by late 2022.
With a total capacity of 40,000 tonnes/year, the facility will be equipped with waste treatment technologies in compliance with the most stringent European greenhouse gas emissions and fine particulates standards in force.
SUEZ NWS has been providing hazardous waste treatment and recovery services in SCIP since 2006. Currently it has a hazardous waste to energy plant, composed of three lines with annual treatment capacity of 120,000 tonnes, which can treat the industrial waste of 24 categories and 310 types on the national list of hazardous waste.
Zhang Chun, SCIP General Manager:
“The signing of this joint venture agreement demonstrates strong alignment among the three signatories around hazardous waste treatment and resource recycling. The new joint venture is committed to providing specialised, high-quality hazardous waste treatment services for SCIP and SAIC Motor.
“We aspire to become an industry benchmark, with core technological competencies. We also want to continue the transformation of SCIP into a showcase for green industrial parks.”
Cai Bin, Assistant President of SAIC Motor:
“I believe that through synergies and the alignment of resources among the three parties, we will make the joint venture an industry benchmark, characterized by stable economics, core competencies and brand influence.
“We look forward to broader cooperation throughout the joint venture and beyond. We are committed to jointly developing a new ecosystem of environmental services.”
Bertrand Camus ,Chief Executive Officer of SUEZ:
“This agreement illustrates our shared commitment towards sustainable growth by investing notably in technologies that respond to both the environmental challenges facing local authorities and expectations.
“With the aim to become the world leader in environmental services, this joint venture demonstrates our ambition to grow on the international market, particularly in China. The Group is already providing its expertise to 16 industrial parks in China, supporting them towards sustainable growth.”