CANVEST ENV (1381.HK) – Focus on waste-to-energy (WTE), enjoying a promising prospect July 20, 2017 646

Focus on WTE with a promising prospect: Canvest Environmental Protection, as the largest non-State-owned WTE provider in Guangdong Province, has expanded its business rapidly since going public. Now the Company holds 13 WTE projects which are mainly distributed in Guangdong, Guangxi and Guizhou, and its capacity in operation and total design capacity have reached 8,600 tonnes/day and 19,240 tonnes/day, respectively. At present, the Company has enjoyed a 30% market share in Guangdong Province and the percentage is expected to rise to 69% in 2020. In accordance with the Plan for the Construction of Urban Household Waste Harmless Treatment Facilities in the 13th Five-Year Plan Period, the daily MSW treatment capability in Guangdong Province will be improved from 18,400 tonnes in 2015 to 73,000 tonnes in 2020, which is one of the WTE markets with highest growth potentials. Meanwhile, the urban household WTE ratio across the country will be increased from 31% in 2015 to 54%. It is predictable that there is vast room for capacity growth of the Company in the future.

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