EcoEnergy intends to build a waste-to-energy facility in the Changzhou Xinbei district

(05/01/2010)

Swedish EcoEnergy has signed a memorandum of understanding with Changzhou Xinbei District Government and Jiangsu Guoyu Electric Co Ltd. regarding building local waste-to-energy facilities in the Changzhou Xinbei district. This is yet another important milestone for EcoEnergy after establishing a development project with the Ukraine Government and the acquisition of KMW Energi.

In the memorandum of understanding, Changzhou Xinbei Government express support for EcoEnergy to invest and build a waste-to-energy facility. Also, Guoyu state they are willing to team up with Ecoenergy and setup a joint venture waste-to-energy facility in Changzhou Xinbei District, and to assist EcoEnergy to communicate and facilitate in China.

Firstly, EcoEnergy will conduct on-site feasibility study for the project. If the results from Xinbei WTE project feasibility study proved the project to be feasible, all parties will start work on finalizing commercial terms for the project as soon as possible.

Lars Guldstrand, Chairman of EcoEnergy, commented: “For EcoEnergy, this is an important milestone in building a strong player within waste-to-energy. Recently, we have started to build our first waste-to-energy facility in Ukraine and we have acquired Swedish KMW Energi with presence on the important US market. With the Changzhou Xinbei and Jiangsu Guoyu Electric agreement, we are about to enter the fastest growing energy market in the world.“

Related categories:  Biofuels and biomass   Waste treatment technologies