Yuanchu Technology and Veolia Group Establish Strategic Partnership

On April 21,2024, Yuanchu Technology (Beijing) Co., Ltd. and Veolia Group,a global leader in environmental services, officially signed a strategiccooperation agreement at the IFAT China environmental exhibition in Shanghai.The two parties also jointly showcased their innovative technology portfoliosat the event, drawing significant attention from industry professionals.

Yuanchu Technology haslong been committed to advancing environmental sustainability throughtechnological innovation. The company’s proprietary process utilizes industrialCO₂ emissions, calcium carbide slag, steel slag, and other industrial solidwastes—or naturally abundant calcium-magnesium minerals—as raw materials,converting them into high-value, green low-carbon/carbon-negative materials.This approach not only enables large-scale reduction and recycling of industrialwaste but also helps downstream enterprises achievetheir ESG goals and Scope 3 emission reduction targets,creating a win-win scenario that balances environmental and economic benefits.

Asan environmental services giant with nearly three decades ofexperience in China, Veolia Group hasachieved remarkable success in the Chinese market. It operates over 100 projectsacross 40+ cities, covering the entire industrial chainof water management, waste valorization, renewable energy development, andcircular economy. In 2024, Veolia launched its GreenUp strategy,focusing on decarbonization, resource regeneration, and depollution.The partnership with Yuanchu Technology represents a key implementation ofthis strategy in China.

Throughthis strategic collaboration, the two parties will leveragetheir respective technological strengths and resource integrationcapabilities to deepen cooperation in cutting-edge fieldssuch as:

·        Carbon Capture,Utilization, and Storage (CCUS)

·        Bioenergy with CarbonCapture and Storage (BECCS)

Akey focus will be accelerating the green transformation of local industrialparks, jointly driving low-carbon development,and contributing to the realization of China’s "DualCarbon" vision.

The powerful alliance between Yuanchu Technology and Veolia Group marksan innovative breakthrough in China’s industrialdecarbonization pathway. By integrating technologies and pioneering newmodels, the two companies will explore scalable,replicable solutions for zero-carbon industrialtransition, supporting environmental sustainability in Chinaand beyond.