Everbright Greentech is a specialty environmental protection service provider with its businesses including integrated biomass utilisation, hazardous waste treatment, environmental remediation, solar energy and wind power. As of December 31, 2016, the Group's aggregate biomass power generation designed capacity ranked fourth in China, and its aggregate hazardous waste disposal designed capacity ranked third in China. As at 30 June 2018, the Group had 93 environmental protection projects involving a total investment of approximately RMB23.089 billion (including Anqing Solid Waste Integrated Treatment Project, in which 49% interests held by the Group, with an investment amount of approximately RMB576 million). Its businesses span across 14 provinces and municipalities in China, and in Germany.
Integrated Biomass Utilization
As one of the leading providers of integrated biomass treatment services in China, the Group utilises biomass raw materials to generate both electricity and heat. Biomass raw materials are categorised into yellow culms and grey culms. Yellow culms consist of agricultural residues, such as wheat straw, rice straw, corn straw and husks; while grey culms consist of forestry residues, such as barks, tree trimmings and other manufacturing wood wastes. In addition, the Group has developed a unique business model combining integrated biomass utilisation projects and waste incineration projects to provide one-stop services for integrated treatment of agricultural and forestry residues and household wastes in urban and rural areas.
As at 30 June 2018, the Group had a total of 49 integrated biomass utilisation projects spreading over 12 provinces and municipalities in China, mainly in provinces including Anhui, Jiangsu, Shandong, Hubei and Henan. The projects involved a total investment of approximately RMB14.498 billion with an aggregate power generation designed capacity of 1,078MW, aggregate biomass processing designed capacity of 9,029,800 tonnes per annum, and aggregate household waste processing designed capacity of 7,550 tonnes per day.
Hazardous waste treatment
The Group is a leading industry player in the hazardous waste treatment business, with capabilities for safe disposal of 43 out of 46 categories of hazardous wastes listed in the “National Catalog of Hazardous Wastes”. The Group processes hazardous wastes by way of incineration, landfill, physio-chemical processing and integration utilisation.
As at 30 June 2018, the Group had a total of 33 hazardous waste treatment projects spreading over 6 provinces in China, mainly in provinces including Jiangsu and Shandong. The projects involved a total investment of approximately RMB7.148 billion (including Anqing Solid Waste Integrated Treatment Project, in which 49% interests held by the Group, with an investment amount of approximately RMB576 million) with an aggregate annual processing designed capacity of 890,980 tonnes.
Environmental remediation represents a new business segment of the Group covering restoration of industrial contaminated sites, restoration of contaminated farmland, restoration of mines and landfills, treatment of industrial gas emission, integrated treatment of oil sludge, treatment of river/lake sediments and industrial sludge, construction and operation of wetland parks, environmental housekeeping services and anti-seepage at landfill sites. The service process flow of this business segment is typically as follows: determination of the extent and scope of pollution through on-site inspection, quantitative assessment of site pollution risks using multi-tiered risk evaluation techniques, design of restoration schemes tailored to characteristics of different victims of pollution, and commencement of restoration work based on specialised tests and designs.
As at 30 June 2018, the Group had secured 2 environmental remediation projects (both of which are located in Jiangsu Province) with a total contract amount of approximately RMB48.18 million, including 1 project under construction with a contract amount of approximately RMB25.99 million for the restoration of polluted sites with a total area of approximately 74,000 square metres.
Solar energy and wind power
As at 30 June 2018, the Group has 7 solar energy projects and 2 wind power projects in operation in Jiangsu, Anhui, Shanxi and Germany respectively, involving a total investment of approximately RMB1.395 billion, with an aggregate power generation designed capacity of 125.9MW. The Group is responsible for building, managing and operating these projects and selling electricity generated by such projects to local power grid companies.