France-based Veolia Environnement, one of the world’s leading waste management companies, is anticipating 20% annual growth in its Chinese activities through acquisition of domestic companies, opening of new facilities and bidding for more government projects. In 2006, Veolia’s turnover in China was around US$ 250 million.
The company expects the Chinese government to invest more money in turning waste into energy, as more people migrate to the cities and thereby produce more waste. At the moment, China generates around 1 lb of waste per capita per day but only 20% is properly treated. “The government has doubled efforts to improve the situation by inputting more money and enhancing public awareness of waste sorting”, says Jorge Mora, CEO of Veolia Environment Asia.
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