Zhitong Finance App News, Capital Environment (03989) announced that Shenzhen Qianhai Pioneer Environmental Investment Co., Ltd. (Qianhai Pioneer), a wholly-owned subsidiary of the Company, plans to invest in the construction of a waste incineration heating and steam supply project in Yanjin County, Xinxiang City, Henan Province (this project). The total investment of the project is RMB 254 million. Qianhai Shouchuang will establish a wholly-owned subsidiary, Yanjin County Shouchuang Heating Co., Ltd. (the company name is ultimately based on industrial and commercial registration) to be responsible for the commissioned operation of this project. The registered capital is estimated to be RMB 76.25 million.

The project is located in the core manufacturing agglomeration area of Xinxiang City. Steam demand in the park is huge. A steam supply cooperation agreement has been reached with the Yanjin County Advanced Manufacturing Development Zone and the municipal steam pipeline network operator in the Xinxiang Economic Development Zone. The project has been in operation for 29 years. The main return methods during the operation period are steam supply revenue and garbage disposal service fee revenue. After completion, 500 tons of garbage can be treated daily, and 250,000 tons/year of high-quality steam can be produced, effectively filling the regional steam supply gap.

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