Scotland and has signed a $10M (£6.4M) deal with China to share knowledge on processing domestic waste into energy.
First Minister Alex Salmond today welcomed the licensing agreement between Shanghai Huanuan Boiler and Vessel Co/Cochran (SHBV/Cochran) and Scottish-based W2E Engineering which means that technology pioneered in Scotland will be introduced into China with the building of a renewable energy conversion plant.
The announcement coincides with a Chinese Government state visit to Scotland today when Vice Premier Li and six Chinese Ministers attended a presentation on Scotland’s rapidly growing offshore renewable industry and visit Pelamis Wave Power in Edinburgh.
W2E, who specialise in generating electricity from domestic refuse by gasification, signed a licensing and manufacturing agreement with SHBV/Cochran that plans to provide SHBV/Cochran with a minimum $60 million of business per year for next 10 years. This work will be carried out in Annan, Dumfriesshire, and a new facility will be by SHBV in China.
“This announcement positions SHBV/Cochran as a global leader in providing the technological know-how to support green energy developments with major expansion potential in China and elsewhere,” said Salmond.