China Waste to Energy Market 2020 Precise Outlook - China Everbright International Limited, Zheneng Jinjiang Environment Holding Co Ltd, Babcock & Wilcox Enterprises Inc, Covanta Holding Corporation, Veolia Environnement SA

China waste to energy market is expected to grow at a CAGR of more than 4.75% during the forecast period 2020-2025.

The China Waste to Energy Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analyzed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.

With the increasing rate of municipal waste generation, around the country are emphasizing reducing the waste by utilizing it to generate energy in the form of methane. Using the municipal waste to generate substantial energy in the form of heat and electricity can help to stabilize the increasing carbon footprint, that is getting generated by burning various fossil fuels such as coal and natural gas to produce energy. Organic waste, a form of municipal waste, is the largest form of waste that is mostly getting generated from the developing country, accounts for nearly 56% of the total waste generates annually in the country. Waste to Energy (WtE) implies a set of technologies that treat municipal waste to extract energy in the form of heat and electricity. Uses of the technologies also help to obtain biogas as an alternate form of fuel. The drivers of the market are the increasing dumping and open burning of wastes that directly or indirectly impact human health and the environment. However, WtE plants produce ash that needs to be disposed of safely, usually in landfills that are lined with barriers to prevent groundwater contamination.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the China Waste to Energy Market: China Everbright International Limited, Zheneng Jinjiang Environment Holding Co Ltd, Babcock & Wilcox Enterprises Inc, Covanta Holding Corporation, Veolia Environnement SA.

Hong Kong, 2 September 2019 – China Everbright International Limited ("Everbright International" or the "Group") (HKSE: 257) is pleased to announce that the Group has recently secured Lechang Waste-to-energy Project ("Lechang Project") Phase I in Guangdong Province and Fuyang Waste-to-energy Project ("Fuyang Project") Phase I in Zhejiang Province, with a total investment of approximately RMB1.725 billion.

Lechang Project is located in the circular economy environmental protection park of Lechang City in Shaoguan City of Guangdong Province. It will be invested in and constructed based on the PPP (Public-private Partnership) model for a concession period of 30 years (construction period inclusive). With a designed daily waste processing capacity of 1,000 tonnes, the project will be constructed in two phases. Lechang Project Phase I commands an investment of approximately RMB349 million, and has a designed daily waste processing capacity of 500 tonnes. To be equipped with a 500 tonnes/day grate furnace and a 12MW turbine power generator, it is expected to generate green electricity of approximately 72 million kWh annually. The gas emissions will fully comply with relevant national standards, with the daily average level of online monitored gas emissions superior to the Euro 2010 standard.

July 20, 2020: Zheneng Jinjiang Environment Holding Co Ltd -- Moody's confirms Zheneng Jinjiang's Ba3 CFR; outlook negative

Hong Kong, July 20, 2020 -- Moody's Investors Service, ("Moody's") has confirmed Zheneng Jinjiang Environment Holding Co Ltd's (ZJE) Ba3 corporate family rating (CFR) and the B1 senior unsecured debt rating on its US dollar notes due in July 2020. The outlook has been changed to negative from ratings under review.This rating action concludes the review for downgrade on the ratings of ZJE that was initiated on 28 May 2020.
"The ratings confirmation reflects our expectation that ZJE's immediate refinancing pressure will be substantially reduced after it has secured a term loan facility of around USD270 million for repaying the USD200 million USD bond maturing on 27 July 2020," says Ralph Ng, a Moody's Assistant Vice President and Analyst.

"Nonetheless, the negative outlook reflects ongoing uncertainties over its refinancing of upcoming maturities, in particular the syndicated loan of USD200 million, which is due in June 2021, given the company's weak liquidity position over the next 12-18 months ," adds Ng.

On 15 July 2020, ZJE announced that it has secured a 3-year term loan facility of up to USD270 million, including USD207.9 million available immediately and increased limit of no more than USD62.1 million. Subject to certain conditions precedent, including filing with the National Development and Reform Commission, the loan proceeds will be used for general corporate purposes, including mainly to refinance the USD200 million bond and any existing indebtedness of the company.

Key Market Trends

- In 2020, thermal based technology is expected to dominate the China waste to energy market.
- Also, municipalities in the state have moved toward both public and private companies to meet constraints related to budgets and increase efficiency for managing the WTE technologies.
- Moreover, daily per capita waste generation in the region is expected to get an increase of nearly 40% by 2050. Thus, increasing municipal waste volume and increasing demand for energy in the region is expected to create an opportunity for the waste-to-energy market in the near future.
Thermal Based Waste to Energy Conversion to Dominate the Market
- China is one of the prominent countries, that has installed the world’s largest incineration plant (The Shenzhen East waste-to-energy plant) in 2019. The plant has a capacity of processing 2.7 million tonnes of waste per year and is capable of generating 1.5 billion kilowatt-hours of power per year.
- It is estimated that plants, which utilize cogeneration of thermal power (heating and cooling), together with electricity generation can reach optimum efficiencies of 80%.
- In the present scenario, incineration is the most well-known waste-to-energy technology for Municipal Solid Waste (MSW) processing.
- However, waste-to-energy technologies, particularly incineration, produce pollution and carry potential health safety risks.
- To reduce particulate and gas-phase emissions, incineration plant owners have adopted a series of process units for cleaning the flue gas stream, which has, in turn, led to a significant improvement in terms of environmental sustainability.

Increasing Investments to Drive the Market

- China is the second-largest producer of municipal waste in the world that initiated waste sorting plans during 2017 and aims to recycle 35% of waste in 46 major cities, including Shanghai, by the end of 2020.
- In China, the number of incineration plants has increased from 74, in 2008, to around 400, in 2018. Beijing is planning to double its incineration capacity and to burn 54% of the municipal wastes, by the end of 2020. Under Chinese President Xi Jinping’s plan to tackle pollution, the incineration industry is expected to continue its expansion, to replace stinky, polluting, land-intensive garbage dumps. Moreover, with its burgeoning economy producing vast quantities of garbage (increasing 8-10% annually), China is turning to new facilities that burn solid waste to produce electricity.
- As per the International Energy Agency (IEA), China has around 7.3 gigawatts of installed waste to energy capacity, with its 339 plants during 2017. The country’s waste to energy has grown by 1 GW per year on average from the last five years and is expected to continue the growth with rising municipal waste.

Influence Of The China Waste to Energy Market Report:

-Comprehensive assessment of all opportunities and risk in the China Waste to Energy market.
- China Waste to Energy market recent innovations and major events.
-A detailed study of business strategies for growth of the China Waste to Energy market-leading players.
-Conclusive study about the growth plot of China Waste to Energy market for forthcoming years.
-In-depth understanding of China Waste to Energy market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the China Waste to Energy market.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on regional scale.

Analytical Tools: The China Waste to Energy Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

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