Latest news with #WtE
GMA Network
13 hours ago
- Business
- GMA Network
Marcos: PH partnering with Japan for waste-to-energy project
Pres. Marcos said the Philippines is working with Kanadevia Corporation in Osaka, Japan for a waste-to-energy project in Manila. (Photo from PCO) President Ferdinand ''Bongbong'' Marcos Jr. on Friday met with executives of the Kanadevia Corporation in Osaka, Japan for a waste-to-energy project in Manila. ''Masaya akong ibalita na katuwang natin ang Kanadevia Corporation ng Japan sa isang makasaysayang Waste-to-Energy project para sa Maynila,'' Marcos, who is in Japan for a working visit, said in a social media post. (I'm happy to report that we are working with Kanadevia Corporation in Japan for a historic Waste-to-Energy project in Manila.) ''Sa proyektong ito, libo-libong tonelada ng basura ang gagawing malinis na enerhiya at makatutulong ito na mabawasan ang pagbaha, magbigay ng trabaho, at linisin ang ating mga komunidad,'' he added. (In this project, tons of waste will be transformed to energy to help in addressing floods, providing jobs, and cleaning our communities.) During the meeting, Kanadevia Corporation's investment plan for the Manila Waste-to-Energy (WtE) Project was tackled. The project will be done in partnership with the Phil. Ecology Systems Corp. (PhilEco), a major player in the design, construction, and operation of integrated sanitary solid waste management and disposal facilities in the Philippines. Kanadevia Corporation specializes in environmental systems, including advanced WtE facilities, desalination plants and water treatment technologies. The said firm was the Japanese proponent, co-investor and technology provider in the Manila WtE Project. Further, Marcos also had a meeting with the executives of Tsuneishi Shipbuilding Co., Ltd., ranked as among the world's top shipbuilders. The company has been a key player in the international maritime industry since 1917, accounting for a significant share of the global market for medium-sized bulk carriers. It is embarking on its fifth phase of expansion in its shipyard in Balamban, Cebu by investing in new capital equipment and enhancing research and development capabilities. —LDF, GMA Integrated News
New Straits Times
2 days ago
- Business
- New Straits Times
Second WTE plant costing RM660mil to be built in Sungai Udang
PUTRAJAYA: The country's second Waste-to-Energy (WTE) plant costing RM660 million will be built in Sungai Udang, Melaka, and is expected to be fully operational by 2029. Housing and Local Government Minister Nga Kor Ming said the Sungai Udang WTE project had undergone an open tender process and would be implemented through a Public-Private Partnership approach between the Housing and Local Government Ministry and a consortium comprising Malakoff Corporation Bhd and Alam Flora Environmental Solutions Sdn Bhd (AFES), based on the Build, Operate and Own (BOO) model. "This plant will utilise stoker grate incineration technology that complies with all current technical requirements and environmental standards. "The concessionaire has also shown commitment to constructing a second incineration line in the future to ensure uninterrupted operations, subject to new agreement negotiations," he said at the Sungai Udang WtE Concession Agreement Signing Ceremony here today. The agreement was signed by ministry secretary-general Datuk M. Noor Azman Taib, Solid Waste Management and Public Cleansing Corporation (SWCorp) chairman Hee Loy Sian and Sungai Udang WtE Sdn Bhd director Anwar Syahrin Abdul Ajib, and witnessed by Nga. Nga said the Sungai Udang WtE plant is expected to process up to 1,000 tonnes of solid waste per day, generate 22 megawatts (MW) of electricity, and reduce over 259,000 tonnes of carbon dioxide emissions annually, equivalent to the environmental benefit of planting more than four million trees. He said the plant would also be equipped with a leachate treatment system with a capacity of 96 cubic metres and would be built on 9.8 acres of land at the existing Sungai Udang landfill site. In terms of implementation, Nga said the construction of the plant would begin next year and take three years to complete, after fulfilling various preconditions that have been set. These include key approvals such as the Environmental Impact Assessment (EIA), Social Impact Assessment (SIA), Environmental Management Plan (EMP), Solid Waste Management Plan (PSS), and several other technical documents required to ensure the safety and sustainability of the project. "The concession period for this project is set at 34 years, including a three-year construction period. He said the plant is targeted to be fully operational by 2029, with the end of the concession and demolition of the plant scheduled for 2061. He said the amount of solid waste generated by Malaysians is projected to increase to 17.03 million metric tonnes by the year 2035. This increase, he said, clearly signals that relying solely on landfill sites is not only unsustainable but also insufficient to accommodate the continuous rise in waste. "It is time for us to re-evaluate our current approach and shift towards more sustainable solutions. WtE technology is emerging as one of the key drivers in transforming the national solid waste management system. "This initiative is expected to contribute up to 600MW of renewable energy (RE) as part of the strategy to achieve 70 per cent renewable energy capacity by 2050," he said. The first WtE plant was completed in 2023 at Ladang Tanah Merah, Port Dickson, Negeri Sembilan, with a processing capacity of 800 tonnes of waste per day and energy generation of 15MW. WtE is a technology that converts non-recyclable waste materials into usable forms of energy, such as heat, electricity, or fuel. – Bernama
The Sun
2 days ago
- Business
- The Sun
Second WTE plant costing RM660 mln to be built in Sungai Udang, Melaka
PUTRAJAYA: The country's second Waste-to-Energy (WtE) plant costing RM660 million will be built in Sungai Udang, Melaka, and is expected to be fully operational by 2029. Housing and Local Government Minister Nga Kor Ming said the Sungai Udang WtE project had undergone an open tender process and would be implemented through a Public-Private Partnership approach between the Ministry of Housing and Local Government (KPKT) and a consortium comprising Malakoff Corporation Bhd and Alam Flora Environmental Solutions Sdn Bhd (AFES), based on the Build, Operate and Own (BOO) model. 'This plant will utilise stoker grate incineration technology that complies with all current technical requirements and environmental standards. 'The concessionaire has also shown commitment to constructing a second incineration line in the future to ensure uninterrupted operations, subject to new agreement negotiations,' he said at the Sungai Udang WtE Concession Agreement Signing Ceremony here today. The agreement was signed by KPKT Secretary-General Datuk M Noor Azman Taib; Solid Waste Management and Public Cleansing Corporation (SWCorp) chairman Hee Loy Sian and Sungai Udang WtE Sdn Bhd director Anwar Syahrin Abdul Ajib, and witnessed by Nga. Nga said the Sungai Udang WtE plant is expected to process up to 1,000 tonnes of solid waste per day, generate 22 megawatts (MW) of electricity, and reduce over 259,000 tonnes of carbon dioxide emissions annually—equivalent to the environmental benefit of planting more than four million trees. He said the plant would also be equipped with a leachate treatment system with a capacity of 96 cubic metres and would be built on 9.8 acres of land at the existing Sungai Udang landfill site. In terms of implementation, Nga said the construction of the plant would begin next year and take three years to complete, after fulfilling various preconditions that have been set. These include key approvals such as the Environmental Impact Assessment (EIA), Social Impact Assessment (SIA), Environmental Management Plan (EMP), Solid Waste Management Plan (PSS), and several other technical documents required to ensure the safety and sustainability of the project. 'The concession period for this project is set at 34 years, including a three-year construction period. The Sungai Udang WtE plant is targeted to be fully operational by 2029, with the end of the concession and demolition of the plant scheduled for 2061,' he said. Nga also stated that the amount of solid waste generated by Malaysians is projected to increase to 17.03 million metric tonnes by the year 2035. This increase, he said, clearly signals that relying solely on landfill sites is not only unsustainable but also insufficient to accommodate the continuous rise in waste. 'It is time for us to re-evaluate our current approach and shift towards more sustainable solutions. WtE technology is emerging as one of the key drivers in transforming the national solid waste management system. 'This initiative is expected to contribute up to 600MW of renewable energy (RE) as part of the strategy to achieve 70 per cent renewable energy capacity by 2050,' he said. The first WtE plant was completed in 2023 at Ladang Tanah Merah, Port Dickson, Negeri Sembilan, with a processing capacity of 800 tonnes of waste per day and energy generation of 15MW. WtE is a technology that converts non-recyclable waste materials into usable forms of energy, such as heat, electricity, or fuel.
Time of India
08-06-2025
- General
- Time of India
After protests, Chennai corporation goes slow on waste-to-energy project
Amid growing opposition from residents, the Greater Chennai Corporation (GCC) has clarified that the proposed Waste-to-Energy (WtE) project at Kodungaiyur will be implemented only after obtaining public consent and securing mandatory environmental clearances . The assurance follows stiff resistance from the Federation of North Chennai Welfare Residents Association, which raised concerns about potential health hazards and environmental damage. In a letter issued by the Solid Waste Management (SWM) wing of the Chennai Corporation, officials stated that the emissions from the incinerator will be continuously monitored by the Tamil Nadu Pollution Control Board (TNPCB) and the Corporation itself. Notably, the civic body said that over 40 per cent of the project's financial allocation will be dedicated to advanced monitoring systems and operational safeguards to ensure environmental safety. The Corporation further explained that the residual ash from the incinerator will be scientifically handled and disposed of in a sanitary landfill. "The residents of Kodungaiyur need not be concerned about health or hygiene risks," the letter emphasised. Chennai Mayor R. Priya reinforced this assurance by citing global examples. "A Waste-to-Energy plant operates right in the heart of Paris, close to the Eiffel Tower, without causing any health or environmental issues. The same technology and safety protocols will be adopted here," she said. The civic body also pointed out that ten similar WtE plants are already operational in various parts of India and have been functioning without adverse effects on public health or the environment. "Only after securing community consent and necessary environmental approvals will we proceed with the Kodungaiyur project," the GCC reiterated. Despite these assurances, residents and members of the Federation remained unconvinced. Dismissing the Mayor's claims, they demanded that the project be scrapped entirely. In a show of protest, hundreds of residents formed a human chain, voicing their opposition to the plant and warning of potential long-term consequences. The WtE facility is being planned to manage Chennai's growing solid waste crisis, as the existing dump yard in Kodungaiyur has become a source of pollution and ecological concern. However, unless the concerns of the local population are addressed adequately, the project faces an uphill battle for public acceptance.
Business Upturn
30-05-2025
- Business
- Business Upturn
Antony Waste shares jump over 5% after strong Q4 results
By Aditya Bhagchandani Published on May 30, 2025, 10:11 IST Shares of Antony Waste Handling Cell surged 5.19% to ₹639.10 in morning trade on May 30 after the company posted a strong set of results for the March quarter and the full fiscal year FY25. The company's total operating revenue for Q4FY25 stood at ₹223 crore, marking a 14% year-on-year growth. EBITDA jumped 33% to ₹58 crore, with the EBITDA margin improving to 23%, up by 300 basis points from a year ago. Net profit rose to ₹46 crore from ₹30.2 crore, reflecting a 53% YoY increase. For the full fiscal year FY25, the company reported total revenue of ₹841.5 crore, up 10% from the previous year, while EBITDA came in at ₹220.2 crore, showing a 9% increase year-on-year. Operational highlights included the sale of approximately 45,200 tonnes of Refuse Derived Fuel (RDF) and 4,500 tonnes of compost in Q4, with compost sales witnessing a massive 165% YoY growth. The company's Pimpri-Chinchwad Waste-to-Energy (WtE) plant achieved a high plant load factor of ~82%, while its construction and demolition waste recycling unit hit a 96% recycling rate. The company also received ₹27.86 crore following a favourable ruling from the Bombay High Court, bolstering its financials for the year. The market responded positively to the company's continued operational efficiency and emphasis on sustainability, contributing to today's sharp upmove in the stock. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
