French water giant Veolia has announced that it has been chosen to manage the whole water cycle for one of China’s largest petrochemical production sites.
The deal, worth some Euro 3.27 billion to Veolia over 25 years, aims to optimise water consumption and increase the rate of water recycling at the Beijing Yanshan Petrochemical complex, some 50km from the centre of Beijing.
The contract award by Sinopec, the largest refiner in Asia and China, was made to Veolia China as part of a dedicated joint venture with Yanshan Petrochemical. It builds on an existing agreement signed in 2006 to create a partnership for the management of wastewater treatment and wastewater reclamation facilities at the site. The joint venture will employ more than 800 people.
- China, Veolia, industry