Shanghai Huayi and Suez newly created a contract for dangerous waste disposal projects

On November 7, Shanghai Huayi (Group) Co., Ltd. and Suez New Creation Co., Ltd. signed a joint venture agreement on the Guangxi Qinzhou Environmental Integrated Disposal and Utilization Center project at the site of the first Expo held in Shanghai to help China's resource recycling.
the signing is an important part of the joint venture between 12 large enterprise groups of Shanghai Trading Group and foreign investors in advanced manufacturing, modern service industries and strategic emerging industries. A total of 17 projects have been signed by 12
china
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According to the agreement, Shanghai Huayi and Suez newly established a joint venture in accordance with the 49:51 capital contribution ratio, responsible for the financing of the project, the construction and operation of hazardous waste disposal facilities, the project mainly for the Guangxi Qinzhou port through the open area to provide hazardous waste disposal services.
Huayi (Group) Company ("Shanghai Huayi") is a large chemical enterprise group authorized by the State-owned Assets Supervision and Administration Commission of the Shanghai Municipal Government to establish through asset restructuring. He is a major pioneer and builder of Shanghai Chemical Industry Zone and one of the major shareholders of Shanghai Chemical Industry Development Co., Ltd.
Shanghai Huayi (Group) Company focuses on attracting foreign investment and strengthening foreign cooperation, and has invested in dozens of foreign joint ventures with DuPont, BASF, Bayer, Romenhas, Biosi and other internationally renowned chemical companies. Companies in Hong Kong, North America, Africa, Southeast Asia and other regions with a number of wholly-owned and joint ventures.
Wang Wenxi, deputy chief engineer of Huayi Shanghai, said the project will be carried out in two phases, with an investment of 350 million yuan in the first phase, with an annual disposal capacity of 30,000 tons of hazardous waste, construction started in 2018 and completed in 2020, and the second phase will be completed in 2020 with an investment of 150 million yuan on the basis of the first phase of the project, which will increase the annual disposal capacity to 60,000 tons.
it is understood that Suez Group in Chinese mainland already has six waste energy facilities under construction and operation, including a large-scale waste incineration plant with an annual processing capacity of 120,000 tons in the Shanghai Chemical District.
Huayi (Group) Company is a large enterprise group company authorized by the State-owned Asset Management Committee of the Shanghai Municipal Government to establish through asset restructuring. The wholly-owned and controlling enterprises of the company are Shanghai Tianyuan (Group) Co., Ltd., Shanghai Tire and Rubber (Group) Co., Ltd., Shanghai Coking Co., Ltd., Shanghai Wuyu Chemical Co., Ltd. and more than 20 subsidiaries, the company has 11 design, research institutes, 2 state-level enterprise technology centers and 8 municipal enterprise technology centers, and has a postdoctoral research station. The company produces products involving basic chemical raw materials, rubber products, chemical agents, biochemicals, chemical equipment, such as more than a dozen categories of about 10,000 kinds.