The Waste-to-Energy (WtE) Market 2013-2023

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Contents
1. Executive Summary
1.1 Global Waste-to-Energy Market Overview 1.2 Benefits of This Report 1.3 Who is This Report For? 1.4 Methodology 1.5 The Global Waste-to-Energy Market Forecast 2013-2023 1.6 The Regional & Leading National Waste-to-Energy Market Forecasts 2013-2023

2. Introduction to the Waste-to-Energy Market

2.1 Definition of Waste-to-Energy 2.2 Major trends in the Waste-to-Energy Market 2.3 The Current Waste-to-Energy Market Situation

3. The Global Waste-to-Energy Market

3.1 The Global Waste-to-Energy Market Forecast 2013-2023 3.2 Global Waste-to-Energy Market Drivers & Restraints

4. The Leading National Waste-to-Energy Markets 2013-2023

4.1 The European Waste-to-Energy Market 4.1.1 The UK Waste-to-Energy Market Forecast 2013-2023 4.1.1.1 Drivers and Restraints in the UK Waste-to-Energy Market 4.1.1.2 Major UK Waste-to-Energy Projects 4.1.1.3 Analysis of the UK Waste-to-Energy Market 4.1.2 The Finnish Waste-to-Energy Market Forecast 2013-2023 4.1.2.1 Drivers and Restraints in the Finnish Waste-to-Energy Market 4.1.2.2 Major Finnish Waste-to-Energy Projects 4.1.2.3 Analysis of the Finnish Waste-to-Energy Market 4.1.3 The Italian Waste-to-Energy Market Forecast 2013-2023 4.1.3.1 Drivers and Restraints in the Italian Waste-to-Energy Market 4.1.3.2 Major Italian Waste-to-Energy Projects

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4.1.3.3 Analysis of the Italian Waste-to-Energy Market 4.1.4 The Polish Waste-to-Energy Market Forecast 2013-2023 4.1.4.1 Drivers and Restraints in the Polish Waste-to-Energy Market 4.1.4.2 Major Polish Waste-to-Energy Projects 4.1.4.3 Analysis of the Polish Waste-to-Energy Market 4.1.5 The Rest of Europe Waste-to-Energy Market Forecast 2013-2023 4.1.5.1 The Rest of Europe Waste-to-Energy Facilities and Projects 4.2 The Asia Pacific Waste-to-Energy Market 4.2.1 The Chinese Waste-to-Energy Market Forecast 2013-2023 4.2.1.1 Drivers and Restraints in the Chinese Waste-to-Energy Market 4.2.1.2 Major Chinese Waste-to-Energy Projects 4.2.1.3 Analysis of the Chinese Waste-to-Energy Market 4.2.2 The Japanese Waste-to-Energy Market Forecast 2013-2023 4.2.2.1 Drivers and Restraints in the Japanese Waste-to-Energy Market 4.2.2.2 Major Japanese Waste-to-Energy Projects 4.2.2.3 Analysis of the Japanese Waste-to-Energy Market 4.2.3 The Korean Waste-to-Energy Market Forecast 2013-2023 4.2.3.1 Drivers and Restraints in the Korean Waste-to-Energy Market 4.2.3.2 Major Korean Waste-to-Energy Projects 4.2.3.3 Analysis of the Korean Waste-to-Energy Market 4.2.4 The Rest of Asia Pacific Waste-to-Energy Market Forecast 2013-2023 4.2.4.1 Rest of Asia Pacific Waste-to-Energy Facilities and Upcoming Projects 4.2.4.2 Analysis Rest of Asia Pacific Waste-to-Energy Market 4.3 The North American Waste-to-Energy Market 4.3.1 The US Waste-to-Energy Market Forecast 2013-2023 4.3.1.1 Drivers and Restraints in the US Waste-to-Energy Market 4.3.1.2 Major US Waste-to-Energy Projects 4.3.1.3 Analysis of the US Waste-to-Energy Market 4.3.2 The Canadian Waste-to-Energy Market Forecast 2013-2023 4.3.2.1 Drivers and Restraints in the Canadian Waste-to-Energy Market

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4.3.2.2 Major Canadian Waste-to-Energy Projects 4.3.2.3 Analysis of the Canadian Waste-to-Energy Market 4.4 The Rest of the World Waste-to-Energy Market Forecast 2013-2023 4.4.1 Waste-to-Energy Projects in the Rest of the World 4.4.2 Analysis of the Rest of the World Waste-to-Energy Market

5. PEST Analysis of the Waste-to-Energy Market 2013-2023 6. Expert Opinion

6.1 Covanta Energy Corporation 6.1.1 The Status of the US Waste-to-Energy Market 6.1.2 Policy Remains a Pivotal Issue in the Waste-to-Energy Market 6.1.3 Barriers to Entry to the Chinese Waste-to-Energy Market 6.1.4 Covantas Future Developments 6.1.5 The Growing Importance of Technology in Waste-to-Energy 6.1.6 Waste-to-Energy as a Renewable Power Source 6.1.7 Improving the Public Image of Waste-to-Energy 6.2 C&G Environmental Protection Holdings Limited 6.2.1 Waste-to-Energy Growth Opportunities in China and South East Asia 6.2.2 Strong Incentives from the Chinese Government 6.2.3 The Competitive Landscape in the Chinese Waste-to-Energy Market 6.2.4 Drivers of Waste-to-Energy in Asia 6.2.5 C&Gs Latest Project Developments 6.2.6 Major Waste-to-Energy Growth Markets Outside of Asia 6.2.7 Build-Operate-Transfer versus Design-Build-Operate 6.2.8 The Environmental Impact of Chinese Waste-to-Energy Facilities 6.2.9 Coping with Increasingly Stringent Emissions Standards 6.2.10 Potential of the Chinese Waste-to-Energy Market

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7. Leading Companies in the Waste-to-Energy Market
7.1 Babcock & Wilcox Vlund A/S 7.1.1 Babcock & Wilcox Vlund Analysis 7.1.2 Babcock & Wilcox Vlund Regional Focus 7.1.3 Future Outlook 7.2 C&G Environmental Protection Holdings Limited 7.2.1 C&G Environmental Protection Holdings Limited Analysis 7.2.2 C&G Environmental Protection Holdings Limited Regional Focus 7.2.3 Future Outlook 7.3 China Everbright International Limited 7.3.1 China Everbright International Limited Analysis 7.3.2 China Everbright International Limited Regional Focus 7.3.3 Future Outlook 7.4 CNIM 7.4.1 CNIM Analysis 7.4.2 CNIM Regional Focus 7.4.3 Future Outlook 7.5 Covanta Energy Corporation 7.5.1 Covanta Energy Analysis 7.5.2 Covanta Energy Regional Focus 7.5.3 Future Outlook 7.6 Hitachi Zosen Inova AG 7.6.1 Hitachi Zosen Inova Analysis 7.6.2 Hitachi Zosen Inova Regional Focus 7.6.3 Future Outlook 7.7 Keppel Seghers 7.7.1 Keppel Seghers Analysis 7.7.2 Keppel Seghers Regional Focus 7.7.3 Future Outlook

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7.8 MARTIN GmbH 7.8.1 MARTIN GmbH Analysis 7.8.2 MARTIN GmbH Regional Focus 7.8.3 Future Outlook 7.9 Mitsubishi Heavy Industries Environmental & Chemical (MHIEC) 7.9.1 Mitsubishi Heavy Industries Environmental & Chemical Analysis 7.9.2 Mitsubishi Heavy Industries Environmental & Chemical Regional Focus 7.9.3 Future Outlook 7.10 Suez Environnement (SITA) 7.10.1 Suez Environnement Analysis 7.10.2 Suez Environnement Regional Focus 7.10.3 Future Outlook 7.11 Other Leading Companies in the Waste-to-Energy Market

8. Conclusions
8.1 The Global Waste-to-Energy Market Outlook 8.2 Regional & Leading National Waste-to-Energy Market Forecasts 2013-2023 8.3 Concluding Observations of the Waste-to-Energy Market

9. Glossary

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List of Tables
Table 1.1 Regional & Leading National Waste-to-Energy Market Forecasts Summary 2013, 2018, 2023 ($m, CAGR %) Table 2.1 Sources of Municipal Solid Waste Table 2.2 Installed WtE Capacity and Produced MSW in Leading Waste-to-Energy Markets (million tonnes/annum, %) Table 3.1 Global Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative) Table 3.2 Global Waste-to-Energy Market Drivers & Restraints Table 4.1 Regional & Leading National Waste-to-Energy Market Forecasts 2013-2023 ($m, AGR %) Table 4.2 European Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative) Table 4.3 UK Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative) Table 4.4 UK WtE Projects (Company, Capacity, Investment, Completion Year) Table 4.5 Key UK WtE Statistics (Population, MSW/year, Incineration rate, Landfill rate Recycling rate, WtE Facilities, WtE Capacity, New Plants) Table 4.6 Finnish Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative) Table 4.7 Finnish WtE Projects (Company, Capacity, Investment, Completion Year) Table 4.8 Key Finnish WtE Statistics (Population, MSW/year, Incineration rate, Landfill rate Recycling rate, WtE Facilities, WtE Capacity, New Plants) Table 4.9 Italian Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative) Table 4.10 Italian WtE Projects (Company, Capacity, Investment, Completion Year) Table 4.11 Key Italian WtE Statistics (Population, MSW/year, Incineration rate, Landfill rate Recycling rate, WtE Facilities, WtE Capacity, New Plants) Table 4.12 Polish Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative) Table 4.13 Polish WtE Projects (Company, Capacity, Investment, Completion Year) Table 4.14 Key Polish WtE Statistics (Population, MSW/year, Incineration rate, Landfill rate Recycling rate, WtE Facilities, WtE Capacity, New Plants) Table 4.15 Rest of Europe Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative) Table 4.16 Rest of Europe Current and Future WtE Facilities by Country Table 4.17 Asia Pacific Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative) Table 4.18 Chinese Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative) Table 4.19 Chinese Waste-to-Energy Projects (Company, Capacity, Investment, Completion Year) Table 4.20 Key Chinese WtE Statistics (Population, MSW/year, Incineration rate, Landfill rate Recycling rate, WtE Facilities, WtE Capacity, New Plants) Table 4.21 Japanese Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative) Table 4.22 Japanese WtE Projects (Company, Capacity, Investment, Completion Year)

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Table 4.23 Key Japanese WtE Statistics (Population, MSW/year, Incineration rate, Landfill rate Recycling rate, WtE Facilities, WtE Capacity, New Plants) Table 4.24 Korean Waste-to-Energy Market Forecast 2013-2023 ($m AGR %, CAGR %, Cumulative) Table 4.25 Korean WtE Projects (Company, Capacity, Investment, Completion Year) Table 4.26 Key Korean WtE Statistics (Population, MSW/year, Incineration rate, Landfill rate Recycling rate, WtE Facilities, WtE Capacity, New Plants) Table 4.27 Rest of Asia Pacific Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative) Table 4.28 Current & New WtE Facilities in the Rest of the Asia Pacific by Country Table 4.29 North American Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative) Table 4.30 The US Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative) Table 4.31 US WtE Projects (Company, Capacity, Investment, Completion Year) Table 4.32 Key US WtE Statistics (Population, MSW/year, Incineration rate, Landfill rate Recycling rate, WtE Facilities, WtE Capacity, New Plants) Table 4.33 Canadian Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative) Table 4.34 Canadian Waste-to-Energy Projects (Company, Capacity, Investment, Completion Year) Table 4.35 Key Canadian WtE Statistics (Population, MSW/year, Incineration rate, Landfill rate Recycling rate, WtE Facilities, WtE Capacity, New Plants) Table 4.36 Rest of the World Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative) Table 4.37 Major WtE Projects in the Rest of the World (Company, Country, Capacity, Investment, completion Year) Table 7.1 The Leading Waste-to-Energy Companies 2013 (Market Ranking, Market Share %) Table 7.2 Babcock & Wilcox Vlund Overview (Total Revenue 2011, 2013 Global Market Share %, 2013 Market Rank, HQ, Employees, Website) Table 7.3 Babcock & Wilcox Vlund Waste-to-Energy Projects (Project, Country, Capacity, Cost, Completion Year) Table 7.4 Babcock & Wilcox Vlund Company Divisions & Capabilities Table 7.5 C&G Environmental Protection Overview (Total Revenue 2012, 2013 Global Market Share %, 2013 Market Rank, HQ, Employees, Ticker, Contact, Website) Table 7.6 C&G Environmental Protection Waste-to-Energy Projects (Project, Country, Capacity, Cost Completion Year) Table 7.7 China Everbright Overview (Total Revenue 2012, % Revenue from WtE, 2013 Global Market Share %, 2013 Market Rank, HQ, Employees, Ticker, Website) Table 7.8 China Everbright Waste-to-Energy Projects (Project, Country, Capacity, Cost, Completion Year) Table 7.9 China Everbright Company Divisions & Capabilities Table 7.10 CNIM Overview (Total Revenue, Revenue from Market, % Revenue From Market, Global Market Share %, 2013 Market Rank, HQ, Ticker, Website) Table 7.11 CNIM Waste-to-Energy Projects (Project, Country, Capacity, Cost, Completion Year) Table 7.12 CNIM Company Divisions & Capabilities

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Table 7.13 Covanta Energy Corporation Overview (Total Revenue 2012, 2013 Global Market Share %, 2013 Market Rank, HQ, Employees, Ticker, Contact, Website) Table 7.14 Covanta Energy Corporation Waste-to-Energy Projects (Project, Country, Capacity, Cost, Completion Year) Table 7.15 Hitachi Zosen Inova Overview (Total Revenue, 2013 Global Market Share %, 2013 Market Rank, HQ, Employees, Website) Table 7.16 Hitachi Zosen Inova Waste-to-Energy Projects (Project, Country, Capacity, Cost Completion Year) Table 7.17 Keppel Seghers Overview (Total Revenue, % Revenue from Infrastructure Division, 2013 Global Market Share %, 2013 Market Rank, Employees, HQ, Ticker, Website) Table 7.18 Keppel Seghers Waste-to-Energy Projects (Project, Country, Capacity, Cost, completion year) Table 7.19 Keppel Seghers Company Divisions & Capabilities Table 7.20 MARTIN Overview (Total Revenue, 2013 Global Market Share %, 2013 Market Rank, HQ, Employees, Website) Table 7.21 Projects using MARTIN Technology from 2012 (Project, Country, Capacity, Thermal Capacity, Completion Year) Table 7.22 Mitsubishi Heavy Industries Environmental & Chemical (Total Revenue, 2013 Global Market Share %, 2013 Market Rank, HQ, Employees, Ticker, Website) Figure 7.23 Mitsubishi Heavy Industries Environmental & Chemical Waste-to-Energy Projects (Project, Country, Capacity, Cost, Completion Year) Table 7.24 Mitsubishi Heavy Industries Environmental & Chemical Divisions & Capabilities Table 7.25 Suez Environnement Overview (Total Revenue, % Revenue From Waste Market, Global Market Share %, 2013 Market Rank, HQ, Employees, Ticker, Website) Table 7.26 Suez Environnement Waste-to-Energy Projects (Project, Country, Capacity, Cost, Completion Year) Table 7.27 Other Leading Companies in the Waste-to-Energy Market (Company, Activity) Table 8.1 Regional & Leading National Waste-to-Energy Market Forecasts Summary 2013, 2018, 2023 ($m), 20132023 CAGR (%)

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List of Figures
Figure 2.1 Breakdown of Typical US MSW Content (%) Figure 2.2 Waste-to-Energy Capacity by Country End 2012 (million tonnes/annum) Figure 2.3 Number of Waste-to-Energy Plants by Country End 2012 Figure 3.1 Global Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %) Figure 3.2 Regional Waste-to-Energy Market Forecast 2013-2023 ($m) Figure 4.1 Leading National Waste-to-Energy Markets Forecast 2013-2023 ($m) Figure 4.2 Leading National Waste-to-Energy Markets Share Forecast 2013 (%) Figure 4.3 Leading National Waste-to-Energy Markets Share Forecast 2018 (%) Figure 4.4 Leading National Waste-to-Energy Markets Share Forecast 2023 (%) Figure 4.5 European Waste-to-Energy Market Forecast 2013-2023 ($bn, AGR %) Figure 4.6 UK Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %) Figure 4.7 UK Waste-to-Energy Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 4.8 UK Cumulative Waste-to-Energy Facilities & Capacity 1995-2016 (Number, tonnes/year) Figure 4.9 Finnish Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %) Figure 4.10 Finnish Waste-to-Energy Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 4.11 Finnish Cumulative Waste-to-Energy Facilities & Capacity 2009-2014 (Number, tonnes/year) Figure 4.12 Italian Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %) Figure 4.13 Italian Waste-to-Energy Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 4.14 Italian Cumulative Waste-to-Energy Facilities & Capacity 1995-2016 (Number, tonnes/year) Figure 4.15 Polish Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %) Figure 4.16 Polish Waste-to-Energy Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 4.17 Rest of Europe Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %) Figure 4.18 Rest of Europe, Poland, Italy, Finland and UK Waste-to-Energy Markets Forecast 2013-2023 ($m) Figure 4.19 Asia Pacific Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %) Figure 4.20 Chinese Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %) Figure 4.21 Chinese Waste-to-Energy Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 4.22 Chinese Cumulative Waste-to-Energy Facilities & Capacity 2002-2015 (Number, tonnes/year) Figure 4.23 Japanese Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %) Figure 4.24 Japanese Waste-to-Energy Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 4.25 Japanese Cumulative Waste-to-Energy Facilities & Capacity 1990-2016 (Number, tonnes/year) Figure 4.26 Korean Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %) Figure 4.27 Korean Waste-to-Energy Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 4.28 Korean Cumulative Waste-to-Energy Facilities & Capacity 1995-2013 (Number, tonnes/year) Figure 4.29 Rest of Asia Pacific Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %) Figure 4.30 North American Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %)

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Figure 4.31 The US Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %) Figure 4.32 The US Waste-to-Energy Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 4.33 US Cumulative Waste-to-Energy Facilities & Capacity 1985-2016 (Number, tonnes/year) Figure 4.34 Canadian Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %) Figure 4.35 Canadian Waste-to-Energy Market Share Forecast 2013, 2018 and 2023 (% Share) Figure 4.36 Canadian Waste-to-Energy Facilities & Capacity 1974-2016 (Number, tonnes/year) Figure 4.37 Rest of the World Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %) Figure 7.1 Leading Companies in Waste-to-Energy 2013 Market Share (% share) Figure 8.1 Regional Waste-to-Energy Market Forecast ($m) & AGR (%) 2013-2023

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Companies Mentioned in This Report
Alpina Energy AmeyCespa Anqing Wanneng Zhongke Green Power Babcock & Wilcox Power Generation Group, Inc Babcock & Wilcox Vlund A/S (B&W) Balfour Beatty C&G Environmental Protection Holdings Limited China Everbright International Limited Chongoing Sanfeng Environmental Industry Group Co. Ltd. (CSEG) Chongqing Sanfeng Covanta CNIM Coopsette Cory Environment Covanta Energy Corporation E.ON E.ON Energy from Waste Eco Center EDF Ekokem Energos EZO Fisia Babcock Environment Fortum Greenlight Energy Solutions Hera DGI Hitachi Zosen Corporation Hitachi Zosen Inova International Electric Power Jindal ITF KARA/NOVEREN Keppel Corporation Keppel Integrated Engineering Keppel Seghers Linhai Weiming Environment Protection and Energy Co. Ltd. MARTIN GmbH

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MBC Contractors Mercia EnviRecover Mitsubishi Heavy Industries Mitsubishi Heavy Industries Environmental & Chemical (MHIEC) Mizuda Nesher Onyx Ta-Ho Environmental Services Peel Environment Pennine Resource Recovery Pertamina Plasco Energy Group SITA Spencer Group Suez Environnement Tamiz Shahar Taizhou Wanna Environmental Protection and Energy Co. Ltd. Taqa TIRU TRM Urbaser Vaanta Energia Veolia Environmental Services Veolia Environnement Viridor Waste Recycling Group (WRG) Westenergy Wheelabrator Technologies Wuhan Shenneng Environmental Engineering Xingou MSW Power Generation Co. Ltd Zhejiang Weiming Environmental Protection Co. Ltd.

Government Agencies and Other Organisations Mentioned in This Report

Bank of China Clean Association of Tokyo23 Dan Municipal Sanitation Association Environmental Protection Agency (EPA) European Union (EU)

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Eurostat Monash University Singapore Institute of Directors State Communal Enterprise Koktem

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The Waste-to-Energy (WtE) Market 2013-2023

4.3 The North American Waste-to-Energy Market
The North America WtE market is perhaps not as dynamic as Europe and Asia partly due to the considerable land area available for dumping refuse and partly due to limited supporting policy. However, growing environmental pressures and domestic energy needs are reinvigorating interest in WtE in select areas.

The North American WtE market is depicted in the table and chart below. Following this, the US and Canadian markets are covered in more detail.

Table 4.29 North American Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %, CAGR %, Cumulative)
2012 CAPEX $(m) AGR (%) CAGR (%) 2013-18 CAGR (%) 2013-23 510 2013 933 82.9 2014 1,030 10.4 2015 685 -33.5 -8.5 2016 540 -21.1 2017 559 3.5 2018 600 7.3 2018-23 -2.7 2019 738 23.1 2020 754 2.2 2021 783 3.8 3.5 2022 714 -8.8 2023 2013-23 712 -0.3 8,046

Source: Visiongain 2013

Figure 4.30 North American Waste-to-Energy Market Forecast 2013-2023 ($m, AGR %)
1,200 100 80 60 40 600 20 400 0 -20 -40 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

1,000

800 CAPEX $m

200

Source: Visiongain 2013

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AGR (%)

The Waste-to-Energy (WtE) Market 2013-2023

high landfill fees or taxes are introduced. This is only likely to be introduced in densely populated areas such as the Greater Toronto Area and Vancouver.

4.3.2.2 Major Canadian Waste-to-Energy Projects

Table 4.34 Canadian Waste-to-Energy Projects (Company, Capacity, Investment, Completion Year)
Company Covanta Covanta Project Durham/York, ON Gold River, Vancouver, BC Capacity (tonnes/day) Investment ($m) Completion Year 2014 2016

385 $272m 2,050 $500m+ (E)

Source: Visiongain 2013 Canada is a very small waste-to-energy market, currently home to only five WtE plants serving the major population centres of Toronto, Vancouver, Quebec City and Charlottetown. However, two projects of significance are expected to be added by 2016, both being developed by Covanta. Firstly the Durham/York plant servicing the Greater Toronto Area, which is currently under construction, is set to come online in Q3 2014 with a MSW processing capacity of 140,000 tonnes/year. The second project in Vancouver has not yet received a final investment decision but is likely to go ahead and be operational by 2016. The Cache Creek landfill is set to close in 2015, and the Gold River facility is currently the preferred solution to divert the 500,000 tonnes of waste sent to landfill each year.

Figure 4.36 Canadian Waste-to-Energy Facilities & Capacity 1974-2016 (Number, tonnes/year)
7 Cumulative WtE Facilities 6 5 4 3 2 1 0 1974 1983 1992 2006 2014 2016 Cumulative Capacity New WtE Facility Source: Visiongain 2013 Operational WtE Facilty 1800000 1600000 1200000 1000000 800000 600000 400000 200000 0 Capacity (Tonnes/year) 1400000

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The Waste-to-Energy (WtE) Market 2013-2023

6.2 C&G Environmental Protection Holdings Limited
Headquartered in Hong Kong and listed on the SGX Mainboard since April 2005, C&G Environmental Protection Holdings Limited (formerly C&G Industrial Holdings Limited), is a leading Waste-to-Energy investor and operator. Specialising in the investment, construction, operation and maintenance of WTE plants, C&G is led by professional industry veterans with a wealth of experience in WTE technology management, infrastructure development and are well-respected and connected with industry players. C&G invests in, constructs, operates and maintains waste incineration power plants for the treatment of Municipal Solid Waste (MSW) under the BuildOperate-Transfer (BOT) investments schemes. Under the BOT scheme, recurring revenue from the Groups WTE business comprises mainly Power Generation and Waste Handling Fee. C&G is committed to the preservation of its environment and the improvement of quality of living through the latest waste treatment technology.

C&G currently operates six WTE plants: Jinjiang, Huian, Anxi, Fuqing, Jianyang in Fujian; and Huangshi in Hubei, as well as a sludge treatment plant in Jinjiang. An additional five projects are in the pipeline gradually commissioning in China and Asia.

Mr. Loo Cheng Guan, Executive Director and Group Deputy Chief Executive Officer Loo Cheng Guan was appointed as C&Gs Executive Director and Group Deputy CEO on 8 November 2011, to oversee the Groups corporate finance, investor relations and business development. Mr Loo brings to C&G more than two decades of finance, management and business experience, having spent a significant portion of his career advising on mergers and acquisitions, growth strategies and structuring and negotiating investments that achieve capital appreciation for investors. Mr Loo holds a Bachelor of Economics (Honours) and MBA from Monash University in Melbourne. He is a member of the Singapore Institute of Directors.

6.2.1 Waste-to-Energy Growth Opportunities in China and South East Asia

Visiongain: C&G has been involved in a number of new waste-to-energy projects in recent years, with 6 facilities added since the beginning of 2011 and two more expected in 2013. What are the main factors allowing the company to grow at such a pace?

Mr. Loo: To capture an expanding waste-to-energy market in China and Asia, we transformed our business from textile-related production to WTE in 2010. Ever since the transformation of the business model, 2011 and 2012 have become consolidation years for our WTE business, as we

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7.2 C&G Environmental Protection Holdings Limited
Table 7.5 C&G Environmental Protection Overview (Total Revenue 2012, 2013 Global Market Share %, 2013 Market Rank, HQ, Employees, Ticker, Contact, Website) $77.4m (Expected 2012) Total company revenue 2.0% 2013 Global market share % 10 2013 market rank Hong Kong Headquarters 600+ Employees SG: D79 Ticker Janice Liu ir@cg-ep.com IR Contact http://www.cg-ep.com/ Website
Source: Visiongain 2013

Table 7.6 C&G Environmental Protection Waste-to-Energy Projects (Project, Country, Capacity, Cost Completion Year)
Project Jinjiang, Fujian Anxi, Fujian Huangshi, Hubei Huian, Fujian C&G Fuqing Plant Langfang Jiangyang, Fujian Xiaogan Nanping, Fujian Nong Khaem Dalian Guiyang Country China China China China China China China China China Thailand China China Capacity t/day Cost ($m) 1,800 ~ 800 800 800 800 1,000 600 700 600 500 1,000 2,000 ~ ~ ~ $70m $85m (E) $53m $60m (E) $53m (E) $45m (E) $80m (E) $155m (E) Completion Year 2005 (2010 Expansion) 2011 2011 2011 2011 2012 2012 2013 (1st phase) 2013 2014 under neg (2015) under neg (2015)

Source: Visiongain / C&G Environmental Protection 2013 (E) = estimate

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