China Everbright Water to develop 50 million yuan manure treatment joint venture in Guangdong
HONG KONG and Singapore dual-listed environmental services group China Everbright Water (Everbright Water) will develop a project in China’s Guangdong province to treat agricultural waste and turn it into biogas and organic fertiliser.
In a statement on Tuesday (Nov 21), Everbright Water announced that a consortium formed by its subsidiary Tianjian Hanquan Environment Technology (Tianjin Hanquan) and the Jiangxi Zhenghe Ecological Agriculture Company (Jiangxi Zhenghe) has secured the Guangdong Nanxiong Livestock and Poultry Manure Resource Utilisation Project.
The project will require an estimated total investment of 50 million yuan (S$9.5 million).
Everbright Water will hold 60 per cent equity interest through Tianjin Hanquan, with the remaining 40 per cent owned by Jiangxi Zhenghe.
The joint venture company, named Shaoguan EW Zhenghe Environmental Protection Technology, has been incorporated with a registered capital of 10.1 million yuan, and will be responsible for the investment, construction, operation and maintenance of the project.
Nanxiong is a county-level administrative division in Guangdong province, with significant agricultural activities.
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The project involves construction of a biogas power generation facility to treat livestock and poultry manure, as well as an organic fertiliser production line with an annual output of 30,000 tonnes.
It will also create a waste collection, storage and transportation system for manure and other agricultural waste.
Everbright Water said that the project will be able to prevent the pollution of water bodies by agricultural waste, and also meet local demand for fertilisers at the same time.
Hu Yanguo, executive director and chairman of the board of Everbright Water, said: “Once Nanxiong Project is put into operation upon completion of construction work, it will process and treat the local livestock and poultry farming waste into valuable resources. It will address the ‘last’ challenge of returning livestock and poultry manure to the farmland.”
Everbright Water is chiefly engaged in water treatment, and the project marks its expansion into non-point source pollution control and rural environmental management.
Shares of Everbright Water closed flat at S$0.20, before the news.
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