The eco-recycling sector mainly focuses on solid waste treatment front-end services and the utilisation of renewable resources, with the aim to become a first-class investor, operator and services provider in China when it comes to integrated urban-rural environmental management. In 2019, the eco-recycling sector actively explored new technologies and new models, and expanded upon business opportunities in areas of waste sorting, sanitation operation services, zero-waste cities and the utilisation of renewable resources.
In 2019, Everbright Environment invested RMB45 million to obtain a 90% equity interests in a technology-based enterprise focusing on the waste sorting business, and forayed into the waste sorting and resource recycling business sector. Its main scope of business focuses on research and development ("R&D"), the manufacturing and sales of smart waste recycling machines, as well as the sorting, collection and transportation of waste and reuse of resources through the "Internet +" model. Based on the strength of its "Dian Dian Recycling" brand, the enterprise launched waste-sorting programmes in cities including Beijing, Ji'nan, Suzhou and Chengdu. These programmes have served over one million people, and are able to sort and recycle approximately 10,000 tonnes of renewable resources annually. The demonstration community project of the "Dian Dian Recycling" brand in Ji'nan City is based on a four-area waste collection and disposal system, coupled with incentivising initiatives, and encourages residents in the community to actively implement waste sorting.
In addition, the eco-recycling sector secured Yunnan Yuxi Environmental Sanitation Integration Project. This project marks Everbright Environment's first environmental protection project in Yunnan Province. It has a designed daily waste collection and transportation capacity of 800 tonnes, and covers the needs for waste collection and transportation of the Hongta District of Yuxi City. The project's waste collection and transportation works were carried out in an orderly manner. During the year, the eco-recycling sector explored project investment opportunities related to waste sorting, collection and transportation in Shandong and other provinces, while making rapid progress in sourcing projects related to collaboration of and investment in resource recycling technologies.
Separately, based on a smart waste sorting system, the eco-recycling sector developed dedicated rubbish bags for residents to carry out their wet and dry waste-sorting, in a bid to collect data and better understand the waste sorting and disposal habits of the residents. The initiative traced the waste sorting process and fostered refined development of the waste sorting model. In addition, there was a focus on the eco-recycling sector to realise the concept of "sorting for utilisation, utilise after sorting" for household waste, advancing the level of integrated utilisation of recyclable resources. This sector proactively explored and promoted the low-value waste treatment business, including the integrated treatment of construction waste from old town area reconstruction, as well as paper-based food packaging materials.