The company has pocketed 73.36% of the equity of PetroChina Environmental Protection and successfully held a wholly-owned holding. PetroChina Environmental Protection has relatively perfect hazardous waste treatment technology and capacity advantages, and the company has quite good competitiveness in the field of hazardous waste treatment. By the end of 2020, the company has the disposal capacity of hazardous waste and medical waste of nearly 3,654,380+100,000 tons/year. As a leading enterprise in the field of hazardous waste in China, the company has obvious production advantages in this field.
1. The company conducts sludge treatment business through its subsidiary Lv Wei Environmental Protection. The company has certain technical advantages in the field of sludge treatment. At present, Lvwei Environmental Protection has successfully obtained a number of core technologies in the field of sludge treatment, which is undoubtedly a very good advantage. At the same time, it has a number of related patents, and it is also a leader in the industry. In addition, the company is currently promoting two demonstration projects of sludge coupling power generation and 1 independent sludge incineration treatment project. It is clearly stated in the company announcement that the company and the technical team of Fudan University established Shanghai Junchi Environmental Protection Technology Co., Ltd. to further cooperate in the fields of urban pipeline sludge and river sludge, focusing on building the whole industrial chain of sludge treatment.
2. With the development of China's economy and the continuous improvement of industrialization level, the output of hazardous waste in China has been increasing in recent years. On the one hand, the progress of technology gives birth to the release space of hazardous waste stock market, on the other hand, it comes from the new hazardous waste produced every year in the incremental market with the increase of output in various industries and standardized market development. There is a great market space for hazardous waste harmlessness, which makes the whole industry in a small and scattered state and provides more opportunities for mergers and acquisitions for the head enterprises. Driven by the subsequent mergers and acquisitions of hazardous waste projects and endogenous growth, Runbang's production capacity is expected to further expand rapidly.