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12-06-2018, 07:11 PM
CITIC Envirotech Secured RMB 680 million In Two Industrial Hazardous Waste Treatment Projects in Xinjiang Province, China
CITIC Envirotech Ltd ("CEL") announced that the Group has secured two industrial hazardous waste treatment projects in Xinjiang Province, with a total investment amount of RMB 680 million.
The first project is a RMB 650 million Build-Own-Operate ("BOO") project of a 400,000 tons per year solid waste plant, a 50,000 tons per year hazardous waste plant and a landfill in the Korla Economic and Technological Development Zone ("Korla ETDZ") in the capital of Bazhou City under the Xinjiang Uygur Autonomous Region. The waste treatment facility is the first in Korla ETDZ and will serve the industries in oil and petrochemical, fine chemicals, cotton, chemical fiber, printing and dyeing, mining and machinery manufacturing located in the 140km2 industrial zone.
The project will commence immediately and is targeted to be completed by end 2019. A project company will be formed by CEL and Xinjiang Tiansheng Maoyuan Environmental Protection Technology Co., Ltd. with shareholdings of 60% and 40% respectively, to undertake this project. Xinjiang Tiansheng is a local environmental engineering company with experience in hazardous waste disposal, engineering survey and design and ecological monitoring.
The second project involves the upgrading and operation of an existing hazardous waste treatment facility in Aksu City, Xinjiang Province. The investment for the upgrade is RMB 30 million. The facility is a national hazardous waste and medical waste disposal facility to treat hazardous wastes in southern Xinjiang prefecture and medical wastes for eight counties in the Aksu region.
The design capacity of the hazardous waste treatment facility is 12,600 tons per year, which consists of an incineration plant, a waste treatment plant and a landfill. The project comes with a service concession of 27 years. A project company will be formed by CEL and Wangchao Xinwei Environmental Protection Technology Co., Ltd, with shareholdings of 60% and 40% respectively, to undertake this project.
More details in http://infopub.sgx.com/FileOpen/CEL-Anno...eID=510659
CITIC Envirotech Ltd ("CEL") announced that the Group has secured two industrial hazardous waste treatment projects in Xinjiang Province, with a total investment amount of RMB 680 million.
The first project is a RMB 650 million Build-Own-Operate ("BOO") project of a 400,000 tons per year solid waste plant, a 50,000 tons per year hazardous waste plant and a landfill in the Korla Economic and Technological Development Zone ("Korla ETDZ") in the capital of Bazhou City under the Xinjiang Uygur Autonomous Region. The waste treatment facility is the first in Korla ETDZ and will serve the industries in oil and petrochemical, fine chemicals, cotton, chemical fiber, printing and dyeing, mining and machinery manufacturing located in the 140km2 industrial zone.
The project will commence immediately and is targeted to be completed by end 2019. A project company will be formed by CEL and Xinjiang Tiansheng Maoyuan Environmental Protection Technology Co., Ltd. with shareholdings of 60% and 40% respectively, to undertake this project. Xinjiang Tiansheng is a local environmental engineering company with experience in hazardous waste disposal, engineering survey and design and ecological monitoring.
The second project involves the upgrading and operation of an existing hazardous waste treatment facility in Aksu City, Xinjiang Province. The investment for the upgrade is RMB 30 million. The facility is a national hazardous waste and medical waste disposal facility to treat hazardous wastes in southern Xinjiang prefecture and medical wastes for eight counties in the Aksu region.
The design capacity of the hazardous waste treatment facility is 12,600 tons per year, which consists of an incineration plant, a waste treatment plant and a landfill. The project comes with a service concession of 27 years. A project company will be formed by CEL and Wangchao Xinwei Environmental Protection Technology Co., Ltd, with shareholdings of 60% and 40% respectively, to undertake this project.
More details in http://infopub.sgx.com/FileOpen/CEL-Anno...eID=510659
Specuvestor: Asset - Business - Structure.