Veolia has won a EUR150 million energy facilities contract in South Korea
10 february 2015
The steam provided by Veolia to Hongwon Paper Manufacturing, the fourth main company on the printing paper market in South Korea, will allow the company to produce 350,000 million tons of paper per year and coat 150,000 million tons of paper per year.
This contract follows the acquisition by Veolia of the boiler facility which has the capacity to produce 330,000 tons of steam per year. Under this contract, Veolia will improve the overall performance of heat production, especially combustion quality. This will further reduce the facility’s CO2
emissions of 3%. It contributes to rise to the challenge of greenhouse gas reduction in South Korea.
Régis Calmels, Veolia Senior Executive Vice President, Asia said: “This is Veolia’s first energy services contract in South Korea. It is a starting point for Veolia to develop its business in Asia’s promising energy field, whose the growth opens up new perspectives to reinforce the performance of energy facilities.” Veolia
group is the global leader in optimized resource management. With over 187,000 employees* worldwide, the Group designs and provides water, waste and energy management solutions that contribute to the sustainable development of communities and industries. Through its three complementary business activities, Veolia helps to develop access to resources, preserve available resources, and to replenish them.
In 2013, the group Veolia supplied 94 million people with drinking water and 62 million people with wastewater service, produced 54 million megawatt hours of energy and converted 38 million metric tons of waste into new materials and energy. Veolia Environnement (listed on Paris Euronext: VIE and NYSE: VE) recorded consolidated revenue of €23.4 billion* in 2013. www.veolia.com
(*) 2013 pro-forma unaudited figures, including Dalkia International (100%) and excluding Dalkia France. Excluding Transdev employees and revenue currently under divestment.
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