China Everbright International Limited has signed an investment agreement with the Zibo Municipal People's Government of Shandong Province, China, for the Shandong Zibo hazardous solid waste landfill concession.

The total investment of the project is approximately RMB170 million (US$26.6 million), with a designed annual hazardous waste processing capacity of approximately 20,000 tonnes.

The project will adopt a market-based operation model with a concession period of over 15 years. It will serve Qilu chemical industrial park and its surrounding areas.

In 2013, Everbright International secured the project from the Zibo Government. It mainly treats hazardous waste via incineration and physico-chemical treatment methods for Qilu Chemical Industrial Park and its surrounding areas.

Zibo integrated hazardous solid waste treatment project phase I completed construction and commenced operation in the first half of 2015, with an annual hazardous waste processing capacity of approximately 9,900 tonnes. The landfill project will also carry out the coordinated treatment of incineration residue and other hazardous waste that is only suitable for landfill treatment.

Mr. Chen Xiaoping, CEO of Everbright International, said,

"Everbright International has invested in and constructed various environmental protection projects in Zibo, including waste water treatment, reusable water, waste water source heat pump and hazardous waste integrated treatment projects etc. The group has always endeavoured to promote the urban environmental management of Zibo. Going forward, we will continue to cooperate closely with the Zibo Government in both solid waste treatment and waste water treatment to achieve the harmless treatment, reduction and reuse of waste and dedicate ourselves to the environmental protection industry of Zibo."