SUS Environment signed a cooperation agreement with China Investment Corporation, Bpifrance, and Quadran in the joint testimony of the top leaders of China and France on March 25, 2019, at Élysée Palace, Paris.
The agreement is a practical cooperation on China's "One Belt and One Road" initiative between France and China, and will focus on the development of Third Party Market. The other three parties in the quadripartite agreement jointly choose SUS Environment as the provider of technology and equipment for future cooperation projects, which not only shows the full trust of the two governments in SUS Environment, but also means that the developed countries highly recognize its technology and services.
The quadripartite agreement establishes a platform for cooperation, which will be committed to the development and operation of waste-to-energy and other new energy projects in the third market out of China and France in particular. So far, the first investment projects of nearly 2 billion Euros has been locked up.
"This signing is a milestone in the internationalization of SUS Environment," said Dr. Long Jisheng, Chairman and CEO of SUS Environment, "but the greater significance is that it is a platform open to domestic peers, and we sincerely invite you to join hands and do something for the protection of the environment on the international stage."
Shanghai SUS Environmental Co., Ltd., a subsidiary of CITIC PE, is a fund management company ranking the third largest in Asia and biggest in China. SUS Environment is dedicated to municipal solid waste (MSW) treatment, eco-industry park development, WtE EPC works, WtE operation and management, as well as agricultural and forestry waste treatment. Its business covers investment, construction, operation and management of the whole industry chain. By the end of March 2020, SUS invested around 50 WtE PPP projects, with the total capacity of more than 80,000 t/d, ranking top five in China.
CIC, founded in Beijing on September 29, 2007, is approved to set up by China's state council. It is a wholly state-owned company engaged in the foreign exchange funds investment management business. The registered capital of 200 billion dollars is from China's Ministry of Finance by issuing special bonds as a way to raise the 1.55 Trillion YUAN. CIC is one of the biggest sovereign wealth funds in the world.
Bpifrance, established in 2012, 50% directly owned by the State and 50% owned by the National Trust Bureau. The fund comes from the national debt issued by the bank. It has the mission of helping French enterprises to accelerate their development in the international market. As France's leading public investment bank, its operations are reported to the French parliament and supervised by the European central bank.
Quadran, founded in 2013, which is one of the largest energy companies in France with its business areas of wind power, photovoltaic, small hydropower and biogas power generation. As a pioneer of France's energy transformation, Quadran is committed to developing and investing in new energy projects in France and its overseas territories, taking full advantage of its capital and project development experience. Up to now, Quadran has completed the total installed capacity of 819MW, and is widely distributed in southeast Asia, South America, west Africa and other places.
Dr. Jisheng long, Chairman and CEO of SUS Environment, arrived at the Élysée Palace in Paris, taking a photo with Louis Blanchard, CEO of Lucia Holding Group, a shareholder of Quadran
Signing the Agreement
Dr. Jisheng Long, Guangshao Tu, Vice Chairman and General Manager of CIC at that time, Nicolas Dufourcq, CEO of Bpifrance and Louis Blanchard are signing The Quadripartite Agreement.
Exchanging the Agreement
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SUS Environment Official WeChat, "SUS Environment signs the quadripartite agreement with Chinese and French enterprises ", March 26, 2019
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