As part of China's goal to turn 30% of its waste into energy by 2030, the Asian Development Bank (ADB) has announced that it will provide up to $200 million worth of loans to fund the construction of WTE plants in China. Hong Kong-based waste treatment project developer, China Everbright International will receive funding to develop MSW-fuelled power plants in various cities across the country.
China as a nation produces around 140 million tones of waste per year with a growth rate of around 10%. Currently around half of this goes to landfill, creating health hazards for those living nearby.
'Waste-to-energy processing with clean technology is the most effective method of treating municipal solid waste since it slashes waste volumes by 90% and eliminates methane gas emissions from the waste treatment process,' says ADB investment specialist Hisaka Kimura.
China Everbright is already known for building WTE plants in China, including the $137m plant in Suzhou city.
