Veolia Water wins an important partnership contract with China's leading oil refining company
January 25, 2006
Veolia Water has just signed an important partnership contract with a subsidiary of Sinopec, China's leading oil refiner. Under this agreement, Veolia Water and Sinopec Corp. Beijing Yanshan PetroChemicals (BYP) will set up an equally-owned joint venture to operate facilities to collect, treat and recycle industrial wastewater at BYP's site at Yanshan, located 50 kilometers to the south west of Beijing.
Under the 25-year agreement between Veolia Water and Sinopec, the joint venture will be managed by Veolia Water and will generate estimated revenue of €580 million over the period.
The treatment facilities consist of four wastewater treatment plants with a total capacity of 129,000 m3/d and two recycling units that will re-inject water into the manufacturing cycle with a total capacity of 40,000 m3/d. They will treat water from the refinery and the six petrochemical units that make up the Yanshan industrial complex, as well as the domestic wastewater from the site.
Veolia Water will contribute to the partnership its expertise in treating and recycling industrial wastewater that has been widely developed by the company over the past five years in all the key areas of manufacturing. In Asia, for example, Veolia Water operates in the refining, petrochemical, micro-electronics, and auto-manufacturing sectors.
This partnership with the refining division of one the world's leading oil companies confirms the credibility of the services that Veolia Water offers and the confidence of operators in our expertise in the industrial water cycle. It also represents a significant step in strengthening Veolia Water's business portfolio in parallel with the municipal business that has grown very strongly over the past three years. It is right in the mainstream of the initiative being taken by the Chinese authorities to comply with international regulations for the treatment of industrial wastewater, to which we can contribute proven expertise
commented Antoine Frerot, the Chief Executive Officer of Veolia Water.
