Daily Newsletter

13 October 2023

Daily Newsletter

13 October 2023

Veolia wins contract for WENTX project in Hong Kong

The development will use methane-capture techniques redirect it for use as electricity.

October 12 2023

Veolia, along with the China State Construction Engineering Corporation, has been contracted for the West New Territories (WENTX) Extension resource recovery project in Nim Wan, Hong Kong.

Awarded by the Environmental Protection Department of the country, the contract covers the project’s entire life cycle, from design and construction to operation and aftercare.

The contract is worth more than €2bn.

WENTX will be equipped to process up to 90 million tonnes of non-recyclable waste over a period of two decades.

The development will ensure a 90% methane capture rate, lowering Hong Kong’s carbon impact as it continues to strive for carbon neutrality by 2050.

It is said to be able to capture the methane equivalent of approximately ten million tonnes of carbon dioxide.

The facility will be built on a circular economy model, with green power generated from the captured methane to be used to cover the project’s electrical demands. Excess biogas produced will be sent to the municipal grid as either electricity or town gas.

In addition, rock extracted from the site will be reused by the country’s construction industry to help minimise its dependence on imports.

Veolia CEO Estelle Brachlianoff said: “We are very proud to be undertaking this important project, which is part of a sustainable, less carbon-intensive future for Hong Kong.

“It is a major step in the ecological transformation of a region aiming to achieve carbon neutrality by 2050. Applied to waste management in a territorial circular economy, our ecology of solutions is at the service of this fine ambition.”

North America Construction market dynamics

Per GlobalData estimates, the North America construction market size is expected to reach $1,772.5 billion in 2023. The increased spending from the public and private sectors in the regional energy and infrastructure domain is projected to aid the market growth. The energy and utilities construction sector is expected to depict a AAGR of 8.7% in real terms from 2024 to 2027, supported by investments in regional renewable energy and oil and gas projects.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close