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Ebgreentech Signs Two New Projects Successfully Achieves Breakthrough in New Provinces

Date: 2018-06-11
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On June 6, 2018, Hong Kong – China Ebgreentech Co., Ltd. (“Ebgreentech” or “Company”) (Hong Kong stock code: 1257) is pleased to announce that the company has recently acquired the Gansu Linyi Biomass and Waste Power Integration Project ( Waste-to-energy (“Linfen Project”) and Jiangsu Coastal Hazardous Waste Incineration Project (“Binhai Project”) involve a total investment of approximately RMB 616 million.

The Linyi project involves an investment of approximately RMB 287 million, a design scale of daily processing of 500 tons of domestic waste, construction of a BOT (build-operate-transfer) model, and a franchise period of 30 years. After the project is completed, it will centralize the overall processing of domestic garbage from Linyi County, Guanghe County and Kangle County of Gansu Province, and the exhaust gas emissions will fully implement the EU 2010 standards.


The Binhai project has an investment of approximately 329 million yuan, the company accounts for 90% of the shares, and the designed hazardous waste incineration disposal scale is 30,000 tons per year. It will give priority to the disposal of hazardous waste in the Coastal Industrial Park of Binhai Economic Development Zone, Jiangsu Province. The project will be invested in a BOO (build-operate-own) model. The project will have an operating period of not less than 50 years.

Mr. Qian Xiaodong, deputy general manager of Ebgreentech, and chief executive of Ebgreentech, said: “The acquisition of the Linyi project marks the arrival of Ebgreentech's environmental footprint in Gansu Province, once again achieving a breakthrough in the new province. The urban-rural integration model focuses on coordinating the treatment of agricultural and forestry waste and urban and rural household waste, and is particularly applicable to counties where there is a small amount of domestic garbage production."

Mr. Qian Xiaodong continued: “Since the company's first project in Binhai County was put into operation in 2016, it has been strictly implementing the requirements of the environmental, safety, health and social responsibility management system, and has maintained a record of environmental and safety zero accidents. After winning the recognition and trust of the local community, the company will continue to abide by the operating principles of “Safe and Stable Operation, Standard Discharge”, and will not be burdened by it, and hand over a satisfactory answer to the local government and residents.”

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