OREANDA-NEWS.  April 02, 2014. SUEZ ENVIRONNEMENT, through its subsidiary SITA Waste Services ltd., signs the contract with Shanghai Chemical Industry Park Investment Corporate (“SCIP”) and Nantong Economic Technology and Development Area Company (“NETDA”) to establish a joint venture (“JV”), gathering SUEZ ENVIRONNEMENT at 60%, SCIP at 30% and NETDA at 10%, for the construction and operation of a new hazardous waste–to energy recovery plant in the Nantong Economic Technology and Development Area (“NETDA”).

The contract will approximately generate a revenue of 575 million euros (4.9 billion RMB) in the coming 30 years.