Veolia has been selected by Tangshan Iron & Steel, a subsidiary of China’s largest steelmaker Hebei Iron & Steel Group, to build and operate industrial water treatment and recycling facilities for two of TIS’s industrial projects in Hebei province, China.
Over the duration of the two 30-year contracts, total cumulative revenue for Veolia will amount to €390 million ($497 million), the company says.
For these facilities, Veolia has formed a joint venture with TIS, in which Veolia holds 60 percent.
Veolia will build a facility to treat wastewater, and to recycle and cool water to cater to the needs of TIS’s two new projects, a coking plant and a gas liquefaction plant. The facility will be shared by the two TIS facilities and will enable the reuse of 60 percent of the water. Operation of the plants is expected to begin in the second half of 2014.
The two projects are located in an economic corridor linking the two major regions of northeast and north China. The coking plant, to be operated by TIS and Shanxi Meijin Energy, one of the largest manufacturers of coke in China, and the liquefied natural gas plant are part of TIS’ plan to ensure continuous steel production, for which the supply of coke is vital, and to commit to achieving high environmental standards.
Veolia was ranked the no. 3 environmental firm in the 2014 Top 200 Environmental Firms list produced by Engineering News Record. CH2M Hill took the no. 1 spot and URS ranked second.