(May 19/2016, Chongqing) On the opening day of the 19th China Chongqing International Investment and Global Sourcing Fair, SUEZ Group (hereinafter SUEZ) and its shareholding enterprise, Chongqing Derun Environment Co.,Ltd (hereinafter Derun Environment) have inked a strategic cooperation framework agreement, a new JV foundation agreement and a Memorandum of Understanding (hereinafter MOU) on“China Sponge City Projects” with various renowned Chinese enterprises and research institutes. The two agreements and the MOU respectively involve the development of industrial water, soil and renewable resource , environmental remediation, environmental protection technical research and sponge city project development.
Promoting cooperation of renewable resource industry in Chongqing and China
SUEZ, Chonqing Water Asset Management Co.,Ltd and Chongqing General Supply and Marketing Cooperative signed a strategic framework agreement about the development in renewable resource field. According to the agreement, the three parties will take full advantage of Dazu Circular Economy Industrial Park invested by Chongqing Renewable Resources Group Co., Ltd. and Derun Environment’s strong capital strength and technical advantages to promoting three parties’ collaboration in renewable resource area. In addition, by tapping on reference to European related experience and successful cases on renewable resource, the three parties aim to establish a system that nutures trade market as well as operation of renewable resource recycling, which ultimately help develop the industry locally in Chongqing and nationally across China. Moving forward in phases, the collaboration will firstly focus on recycling, dismantling, processing and reuse of scrap cars and abandoned computer laptops, then extending to other recyclable resources such as plastics at a later stage.
Founding Zhongyu (Chongqing) Environmental Protection Industrial Development Co., Ltd.
Derun Environment, Chongqing Chemical & Pharmaceutical Holding (Group) Company and ZhongHuan GuoTou (Beijing) Environmental Protection Technology Co., Ltd. agreed to form a joint venture named Zhongyu (Chongqing) Environmental Protection Industrial Development Co., Ltd.(hereinafter Zhongyu Environmental) and the three parties respectively holds 35%, 40% and 25% share of the JV. According to the agreement, Zhongyu Environmental’s registered capital reaches 100 million RMB and its main business line covers industrial water drainage projects investment, 2 design, construction and operation management (including wastewater treatment, recycling water, desalinated water, reclaimed water reuse, purified water etc.) ; municipal waste, industrial solid waste and hazardous waste treatment and recycling facilities’ investment, design, construction and operation management ; production and sale of environmental equipment ; engineering design and technical consulting service for industrial water drainage projects ; environmental protection technology R&D and remediation service (including environmental risk assessment, treatment of polluted soil, monitoring of pollution sources etc).
Establishing Sinfo-French Sponge City Cooperation Platform (HIT-SUEZ-DERUN Environment)
SUEZ, Harbin Institute of Technology Urban Planning & Design Institute (hereinafter HIT) and Derun Environment signed a MOU about ‘China Sponge City Projects’ and all parties decided to jointly form ‘Sinfo-French Sponge City Cooperation Platform (HIT-SUEZ-DERUN Environment)’. By sharing each other’s resources, expertise and experiences, the three parties are dedicated to developing integrated, innovative and sustainable engineering designs and planning solutions for the China Sponge City Project and they are also committed to providing sustainable technologies, project implementation, operation and investment solutions to China Sponge City Project.