Zhejiang Fuchunjiang Environmental Thermoelectric

What Zhejiang Fuchunjiang Environmental Thermoelectric does

Zhejiang Fuchunjiang Environmental Thermoelectric (富春环保) is a state-controlled Chinese environmental public utility enterprise headquartered in Hangzhou's Fuyang District. Founded in 2003 and listed on the Shenzhen Stock Exchange in September 2010 under ticker 002479, the company operates an integrated three-pillar business covering cogeneration, solid and hazardous waste resource recovery, and environmental monitoring. It supplies steam and electricity via combined heat and power (CHP) to industrial park enterprises across four provinces (Zhejiang, Jiangsu, Jiangxi, and Shandong) through ten cogeneration bases, processes hazardous and general solid waste at one 67,000-tonnes-per-year licensed hazardous-waste base plus two solid-waste recovery bases with approved production lines of 3,000 tonnes/year refined tin, 50,000 tonnes/year copper, and 100,000 tonnes/year general solid-waste recycling, and runs a dioxin online detection product line addressing the international challenge of real-time trace-dioxin measurement in flue gas.

Core technology centers on CHP cascade energy utilization, integrated front-to-back non-ferrous and precious metal recovery (Cu, Sn, Au, Ag, Pt, Pd) from sludge and general solid waste, and proprietary dioxin online detection instrumentation developed through a 2015 R&D joint venture with Zhejiang University Thermal Energy Research Institute. Operational infrastructure spans eleven cogeneration/CHP installations ranging from 12 MW (Dezhou) to 112 MW (Quzhou), an integrated circular-economy industrial park in Dezhou combining cogeneration with 100,000-tonnes-per-year paper manufacturing, and a research subsidiary dedicated to clean energy utilization, pollutant emission reduction, and third-party supervision of waste-incineration facilities.

Revenue is generated through B2B utility-like steam and electricity supply to industrial park tenants under recurring supply contracts (the primary revenue driver), supplemented by transaction-fee-based waste processing — including hazardous-waste tipping fees and metal sales — and professional environmental monitoring services. Since 2020 the company has been controlled by Nanchang SASAC and was formally integrated under Nanchang Municipal Public Utilities Group in 2022, providing regulatory and government-contract advantages. Per company disclosure, 2025 revenue was 53.54亿元 (~5.35 billion yuan) with 438 million yuan in total profit. Headcount is disclosed at the 1,001–5,000 range, with leadership under Chairman Wan Jiao (万娇) and General Manager Zhou Yufeng (周宇峰).

Name

Zhejiang Fuchunjiang Environmental Thermoelectric

Legal name

浙江富春江环保热电股份有限公司

Website

https://zhefuet.com

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Zhejiang Fuchunjiang Environmental Thermoelectric is a state-controlled Chinese environmental public utility operating cogeneration, solid and hazardous waste resource recovery, and dioxin online detection across Zhejiang, Jiangsu, Jiangxi, and Shandong. It supplies steam and electricity to industrial park enterprises and recovers non-ferrous and precious metals from waste streams.

Ownership category

akta.pro rank

Product category

Environmental Utilities and Circular Economy Services

NAICS

Solid Waste Combustors and Incinerators (562213), Hazardous Waste Treatment and Disposal (562211), Waste Treatment and Disposal (5622)

SIC

Cogeneration Services & Small Power Producers (4991), Hazardous Waste Management (4955)

akta.pro primary industry

Waste-to-Energy CHP (Municipal/Industrial Waste Incineration) (EUACAKAC)

Keywords

• Cogeneration services
• Solid waste recycling
• Hazardous waste treatment
• Industrial heat supply
• Environmental monitoring

Headquarters

HQ city

Fuyang

HQ country

China

HQ region

Asia

Offices13 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Technology or R&D, Infrastructure, Personnel

Revenue model

1. Cogeneration / Heat and Power Supply (热电联产): Produces steam and electricity through cogeneration, achieving energy cascade utilization, and supplies steam to enterprises within industrial parks. The primary revenue driver, with 10 cogeneration bases across 4 provinces.
2. Solid and Hazardous Waste Resource Recovery (固废危废资源化): Resource recovery from sludge, general solid waste, and hazardous waste. Includes recycling of non-ferrous and precious metals (Cu, Sn, Au, Ag, Pt, Pd). Operations include a 6.7万吨/year hazardous waste business license and production lines for refined tin (3,000 tons/year), copper (50,000 tons/year), and general solid waste (100,000 tons/year).
3. Environmental Monitoring and Governance (环境监测治理): Dioxin online detection products and third-party monitoring services for municipal solid waste incineration and food waste projects.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Zhejiang Fuchunjiang Environmental Thermoelectric (Fuchun Environmental) is a circular-economy environmental public utility that produces steam and electricity through cogeneration and supplies them to manufacturing enterprises inside industrial parks, recovers non-ferrous and precious metals from sludge and hazardous waste, and operates dioxin online detection and environmental monitoring services for waste incineration facilities. The company runs 10 cogeneration bases, 1 hazardous waste resource treatment base and 2 solid waste resource treatment bases across four provinces, supported by a national high-tech research institute co-founded with Zhejiang University.

Product overview

Zhejiang Fuchunjiang Environmental Thermoelectric (富春环保) operates as a circular economy-oriented environmental public utility enterprise, offering an integrated service portfolio across three core divisions: (1) 热电联产 (Cogeneration) — producing steam and electricity for industrial park enterprises; (2) 固废（危废）资源化 (Solid/Hazardous Waste Resource Utilization) — processing sludge and general/hazardous solid waste with metal recovery; and (3) 环境监测治理 (Environmental Monitoring and Governance) — providing dioxin online detection. The company is structured with a parent holding layer and multiple subsidiaries (including the Borui Energy platform, Fuchun Environmental New Energy subsidiary, and the Zhejiang Fuchunjiang Environmental Technology Research Institute for R&D), spanning operations across Zhejiang, Jiangsu, Jiangxi, and Shandong provinces with 10 cogeneration bases, 1 hazardous waste resource utilization base, and 2 solid waste resource utilization bases.

Differentiator

Problem solved

Functional benefit

Products and services

• Cogeneration (热电联产) Cogeneration service that produces steam and electricity through combined heat and power technology, enabling cascading energy utilization and supplying steam and electricity to enterprises within industrial parks. The primary revenue driver with 10 cogeneration bases across four provinces.
• Solid and Hazardous Waste Resource Utilization (固废（危废）资源化) Resource utilization of sludge and general solid waste containing non-ferrous metals, with integrated front-end and back-end layout recovering copper, tin, gold, silver, platinum, palladium and other non-ferrous and precious metals. Includes a 67,000 tonnes/year hazardous waste business license, 3,000 tonnes/year refined tin production line, 50,000 tonnes/year copper production line and 100,000 tonnes/year general solid waste recycling line.
• Environmental Monitoring and Dioxin Online Detection (环境监测治理) Environmental monitoring services and dioxin online detection products sold to municipal solid waste incineration and food waste projects, including third-party supervision services. The proprietary dioxin online detection technology has solved the international challenge of real-time flue gas trace dioxin measurement.

Quantifiable outcome

• Achieved 53.54 billion yuan revenue and 438 million yuan total profit in 2025 (full year)
• +1 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered strategic and core.

• Central South University Metallurgy and Environment College (中南大学冶金和环境学院)strategicStrategic or Co-development Partner · 20 May 2026富春环保 team led by General Manager Zhou Yufeng visited Central South University for exchange. Both parties discussed metal resource recovery industry trends, technology innovation, multi-metal recovery, energy efficiency, and supply chain extension. Intent to establish regular communication mechanism for technology research, talent exchange, and R&D collaboration.
• Zhejiang University Thermal Energy Research Institute (浙江大学热能工程研究所)coreStrategic or Co-development Partner · 1 January 2015Co-founded Zhejiang Fuchunjiang Environmental Technology Research Co. (浙江富春江环保科技研究有限公司) in July 2015. Zhejiang University provides technical research support for clean energy utilization, pollutant emission reduction, and dioxin monitoring technologies.

Scale indicators7 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Dynagreen Environmental Protection Group: Hong Kong-listed Chinese waste-to-energy company operating MSW incineration facilities with cogeneration. Directly comparable to Fuchun's thermal waste treatment and CHP business model serving industrial and municipal customers in China.
• Kangda Environmental: Hong Kong-listed Chinese environmental company offering hazardous waste treatment, wastewater management, and environmental remediation services. Comparable to Fuchun's hazardous waste business license operations and circular economy positioning.
• Canvest Environmental Protection Group: Hong Kong-listed Chinese waste-to-energy company operating MSW incineration with cogeneration across multiple provinces. Comparable geographic and business model profile to Fuchun's CHP and waste treatment operations in eastern China.
• Shanghai SUS Environment: Shanghai-listed Chinese environmental utility operating solid waste treatment, MSW incineration with cogeneration, and environmental monitoring services. Comparable to Fuchun's CHP-plus-waste platform serving industrial and municipal customers in eastern China.
• Sanfeng Environment Group: Shanghai-listed Chinese waste-to-energy and environmental equipment company with MSW incineration and cogeneration operations. Closely matches Fuchun's combination of waste incineration with steam and electricity supply to industrial users.
• Tianying (China Tianying): Shenzhen-listed Chinese environmental company focused on waste-to-energy, environmental equipment, and circular economy services. Operates cogeneration facilities tied to waste processing, with a comparable integrated waste-to-energy business model.

Broad incumbents

• Everbright Environment: Hong Kong-listed Chinese environmental industry leader and the country's largest waste-to-energy operator, with extensive cogeneration, MSW incineration, and hazardous waste treatment businesses. Highly comparable to Fuchun's integrated circular economy platform, though operating at much greater scale and broader geographic reach.
• Beijing Enterprises Water Group: Hong Kong-listed large-scale Chinese environmental services group with extensive waste treatment, water, and circular economy operations. Comparable state-backed environmental utility profile, though focused more on water than waste-to-energy.
• China Everbright Greentech: Hong Kong-listed subsidiary of China Everbright Group focused on industrial hazardous waste treatment, integrated biomass utilization, and environmental remediation. Comparable to Fuchun's industrial hazardous waste business with metal recovery and renewable energy elements.

Regional players

• Shenergy Group: Shanghai-listed Chinese state-owned energy group with cogeneration and district heating operations serving industrial parks in the Yangtze River Delta. Comparable to Fuchun's industrial park CHP supply model, though more focused on conventional thermal power than waste resource recovery.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/zhejiang-fuchunjiang-environmental-thermoelectric-co-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries15 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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