Ottawa’s Plasco to sign deal with China
Plasco Energy Group and the China Energy Conservation and Environmental Protection Group (CECEP) announced they will sign an agreement to establish a Joint Venture corporation, CECEP-Plasco China Corp, during China’s state visit to Canada.
CECEP Plasco China will be based in China and jointly owned by the two companies. Plasco will provide its Plasco Conversion System, a technology that vaporizes municipal waste and uses the resulting gases to generate clean electricity.
"We can make a big difference in cutting global warming causing gasses from landfill in the world’s fastest growing economy with one of the largest populations on earth through this partnership." Said Plasco CEO Rod Bryden, "This technology, developed right here in Ottawa, can help communities all around the world to handle waste and contribute to our green energy future starting right now."
China currently landfills more than 160 million tonnes of MSW per year with the amount growing due to the urbanization and rapid economic development of the country.
Established in 1988, China Energy Conservation and Environmental Protection Group (CECEP) is a state-owned enterprise, which is sponsored and owned by the central government. It promotes energy saving and environmental protection technology and projects and is responsible for the investment of RMB 23 billion yuan in national energy conservation capital construction projects.