Waste Management Considers Venture in Chinese Market

Date: May 21, 2009

Source: News Room

Waste Management CEO David Steiner disclosed at an interview that his company was in talks with Shanghai Environment Group Co., Ltd. about the creation of a joint venture. Shanghai Environment has set a goal of building 100 renewable energy recycling plants over the next five years, attracted by China's renewable energy promotion policies. Steiner noted that his company will be a small shareholder in the yet to be created venture.

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