Asia’s Richest Man Betting $1.26 Billion on Trash

li-ka-shing

Asia’s richest man, Li Ka-shing, throw his money into burning trash? Don’t get wrong. He investing in Dutch waste treatment company called AVR for $1.26 billion from private equity group Kohlberg Kravis Robers and CVC Capital Partners.
The AVR is the biggest waste to energy company in the Netherlands which burns trash to generate thermal electricity.



It is not first time, Li do this kind of investment. In January, his consortium Li’s Cheung Kong Infrastuctrure Holdings (CKI) made a similar investment in New Zealand when their company diversified waste management company EnviroWaste for $501 million.
The company takeover the waste management industry as their found the potential as the ‘rate of increase in waste is fundamentally linked to growth in population, GDP and consumption’.

Waste produced by city dwellers has doubled in just 10 year and expected by 2025, there’s 1.3 billion tons of trash generated each year will grow to 2.2 billion tons annually. The waste to energy business will be growth and Netherlands is at the forefront of the waste to energy business. It also could make profit as the European Union has set stringent targets for use of renewable energy by 2020.
Their target is to reduce trash and waste to energy could importing trash to thermal energy.

The trash importers are willing to pay for outside waste. China uses disposed plastic resin to produce its own plastics. This trash investments from Li Ka Shing not just for profit but also his contribution to make our world better.

Source :- Theatlantic

(July 13): Mukesh Ambani overtook Alibaba Group founder Jack Ma to become Asia’s richest person,
Nearly 60 percent off fathers in the U.S. say that being a dad is an

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.