Corporate | 26 May 2011 09:52
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ZhongDe Waste Technology AG / Key word(s): Miscellaneous
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
Ying Sun
Investor Relations
T: +49 69 67733 172
Kirchhoff Consult AG
Nicole Schüttforth
T: +49 40 60 91 86 64
End of Corporate News 26.05.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| 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@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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