Canvest Waste Management Project

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The project comprises the development of municipal solid waste management and waste-to-energy systems in Guangdong and Hebei Province, China. The sponsor is Canvest Environmental Protection Group Company Limited, China. It received funding from the Asian Development Bank as a corporate finance loan of up to $50 million equivalent in CNY. The funding was approved on June 27, 2024. It will support the development, construction, and operation of waste-to-energy and at least one municipal solid waste management subproject in China. The waste-to-energy subproject is located in Zhongkai Zone, Huizhou City, Guangdong Province (Zhongkai WTE); the municipal solid waste management subproject is located in Quyang County, Baoding City, Hebei Province (Quyang MSW). An additional municipal solid waste project or projects will be included if they meet the defined environmental, social, development, and financial criteria. https://www.adb.org/projects/54452-001/main ; https://simplywall.st/stocks/hk/utilities/hkg-1381/canvest-environmental-protection-group-shares/ownership https://www.adb.org/projects/54452-001/main ; https://simplywall.st/stocks/hk/utilities/hkg-1381/canvest-environmental-protection-group-shares/ownership