DGAP-News: ZhongDe Waste Technology AG: State Council of China strengthens municipal waste treatment industry
(firmenpresse) - DGAP-News: ZhongDe Waste Technology AG / Key word(s): Miscellaneous
ZhongDe Waste Technology AG: State Council of China strengthens
municipal waste treatment industry
26.05.2011 / 09:52
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ZhongDe Waste Technology AG: State Council of China strengthens municipal
waste treatment industry
Frankfurt, May 26, 2011 - The State Council of China approved Opinions to
further improve the municipal waste treatment in China. The Opinions
include various measures to speed up bureaucratic processes, ensure the
land supply, establish educational programmes, stimulate R&D and support
the municipal waste treatment industry via tax policy and incentives for
private investors.
In the past few years, the volume of municipal waste has increased sharply
due to the rapid urbanization in the PRC. Inadequate waste treatment
capacities have led to serious impacts to the urban environment. To deal
with the municipal waste output and realize a quantity reduction,
reclamation and hazard free treatment of the municipal waste, the Ministry
of Environmental Protection and other 15 Ministries jointly issued the
Opinions.
Therein, the development targets for the municipal waste treatment are
identified. It is expected, that the rate of hazard free treated municipal
waste in China will reach more than 80% by 2015, and sorting, collection
and transportation of the kitchen waste should be realized in 50% of the
urban communities. The resources utilization rate of municipal waste should
reach 30%.
The Opinions identified the following measures to strengthen policy
support:
- Clearly state to support and stimulate the energy-from-waste industry
in China
- Ensure the land supply for the construction of energy-from-waste plants
- Accelerate the approval processes for energy-from-waste projects
- Broaden the investment channel. Municipal waste treatment is mainly
financed by the local government and supported properly by the central
government. Non-state-owned investment is encouraged to get involved
into construction and operation of municipal waste treatment
facilities.
- Establish an incentive mechanism: Strict implementation and continuous
improvement of tax preferential policy for municipal waste treatment
- Establish a charge system for municipal waste treatment
- Ensure facility construction: Priority for building municipal waste
treatment facilities during the new construction or reconstruction of
urban areas.
- Improve the innovation ability: Strengthen the support of technology
R&D for the municipal waste treatment, focus on key techniques, such as
clean incineration, dioxin control, flying ash treatment, landfill gas
collection and utilization, leakage treatment, toxic emission control,
administration of non-normal municipal waste storage places, etc.
- Implement talents plan: Set up related municipal waste treatment majors
in colleges and universities. Make great effort to develop vocational
education.
Mr. Chen Zefeng, the founder and CEO of ZhongDe comments: 'Thanks to the
strong stimulation policy of the Chinese central government, the
energy-from-waste industry, in which ZhongDe is engaged, is expected to
gain momentum in China.'
About ZhongDe Group
ZhongDe Group designs, constructs, finances and operates energy-from-waste
incineration plants generating electricity from the disposal of solid
municipal and industrial waste. ZhongDe realises either EPC (Engineering,
Procurement and Construction) or BOT (Build, Operate and Transfer)
projects, focusing on large-scale plants with waste disposal capacities of
around 1,000 tons per day. Since 1996, ZhongDe Group has installed
approximately 200 waste incinerators in 13 provinces and more than 80 waste
incinerators in the last three financial years alone. ZhongDe is one of the
famous players in the project development and operation of large-size
energy-from-waste plants in China.
Contact
William Jiuhua Wang
Executive Director and CFO
E-Mail: william.jw(at)zhongdetech.com
Ying Sun
Investor Relations
Herriotstr. 1
60528 Frankfurt am Main
Germany
T: +49 69 67733 172
F: +49 69 67733 200
E-Mail: ying.sun(at)zhongde-ag.de
Kirchhoff Consult AG
Nicole Schüttforth
Investor Relations Consultant
T: +49 40 60 91 86 64
F: +49 40 60 91 86 60
E-Mail: nicole.schuettforth(at)kirchhoff.de
End of Corporate News
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26.05.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: ZhongDe Waste Technology AG
Stadthausbrücke 1-3
20355 Hamburg
Deutschland
Phone: + 49 69 67733 172
Fax: + 49 69 67733 200
E-mail: ying.sun(at)zhongde-ag.de
Internet: www.zhongde-ag.de
ISIN: DE000ZDWT018
WKN: ZDWT01
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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126304 26.05.2011
Datum: 26.05.2011 - 09:52 Uhr
Sprache: Deutsch
News-ID 34219
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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