China Tianying Invests USD177 Million in Waste Incineration Project in Jiangsu Development Zone

Yicai

2016-12-07

(Yicai Global) Dec. 7 -- China Tianying Inc. [SZ:000035] has formed a construction agreement for a comprehensive waste incineration project for an industrial development zone in east China's Jiangsu Province.

The company said yesterday it inked the cooperation agreement with the Management Committee of Jianghai Linkage Demonstration Zone in Tongzhou Bay, Nantong City, Jiangsu Province, and invested CNY1.22 billion (USD177 million) for the establishment of a waste-incineration power generation and regional heating project within the zone.

The agreement requires some of the projects must be completed for production and satisfy requirements by providing steam equipment sets for the high-end textile compound before June 2018.

The company said that all projects will serve the needs of solid waste treatment in the industrial development of Tongzhou Bay, and successful implementation will cement its position in the environmental protection industry.