Oct. 22, 2014 -- Tangshan Iron & Steel (TIS), a subsidiary of China's largest steelmaker Hebei Iron & Steel Group (HBIS), has selected Veolia, a specialist in optimized resource management, to build and operate industrial water treatment and recycling facilities for two of its industrial projects in the Hebei province of China. Over the duration of the two 30-year contracts, total cumulative revenue for Veolia will amount to 390 million euros ($493.6 million).
In Tangshan, Veolia will build a facility to treat wastewater and recycle and cool water to cater to the needs of TIS's two new projects -- a coking plant and a gas liquefaction plant. The facility will be shared by the two TIS facilities and will enable the reuse of 60 percent of the water. Operation of the plants is expected to begin in the second half of 2014.
The two projects are located in a strategic economic corridor linking the two major regions of northeast and North China. The coking plant, to be operated by TIS and Shanxi Meijin Energy, one of the largest manufacturers of coke in China, and the liquefied natural gas plant are part of TIS's large and comprehensive plan to ensure continuous steel production, for which the supply of coke is vital, and to commit to achieving the highest environmental standards in its industry.
Veolia holds 60 percent of the joint venture with TIS. Veolia has been providing enlarged technical assistance to its steel production site in Chengde, Hebei, since 2012. Further, the company has a strong presence in China, where it supplies 40 million people with drinking water and works with a number of clients in the country's steel, chemical and automotive industries.
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About Veolia
Veolia group is a specialist in optimized resource management. With over 187,000 employees worldwide, the group designs and provides water, waste and energy management solutions that contribute to the sustainable development of communities and industries. Through its three complementary business activities, Veolia helps to develop access to resources, preserve available resources, and to replenish them. For more information, visit www.veolia.com.
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