Chinese firm behind $600 million waste-to-energy project registers AIFC subsidiary

The Chinese company Hunan Junxin Environmental Protection has registered a subsidiary in the Astana International Financial Centre (AIFC), which is likely to carry out a $600 million project to construct three waste-to-energy plants.

Junxin Environmental Protection (Kazakhstan) was registered in the AIFC on Aug. 7. Its owners are Hunan Junxin Environmental Protection and a Hong Kong company with a similar name. The company is managed by Dai Daoguo, chair of the parent company.

In early July, Hunan Junxin Environmental Protection announced plans to build three waste-to-energy plants in Kazakhstan. In addition to waste processing, the project also involves the construction of green data centers powered by the energy generated.

In China, the company operates the Heimifeng Solid Waste Treatment Center in Changsha, which processes 10,000 tons of waste each day and generates more than 1.4 billion kilowatt-hours of electricity per year.