Veolia Expands Waste-To-Energy Leadershipin Thailand with Majority Stake in Chonburi Clean Energy
Veolia, a global leader in resource management, has acquired all of GPSC’s 33.3% stake in Eastern Seaboard Clean Energy Company Limited (“ESCE”), a holding vehicle which owns 99.99% of Chonburi Clean Energy (“CCE”). With this acquisition, Veolia has increased its stake to 66.6% in CCE, a state-of-the-art non-hazardous solid Waste-to-Energy plant located in Thailand’s Eastern Economic Corridor.
In 2024, CCE generated 65,072 MWh of energy, equivalent to the annual electricity consumption of 260,000 households. CCE also avoided 24,294 tons of CO2 emissions. These impressive environmental contributions resulted from CCE’s strong operational performance. In 2024, CCE achieved a remarkable 92% availability rate (8,075 operating hours), surpassing the industry average for WtE plants. This achievement underscores the plant’s efficient design, effective management, and reliability in waste management.
In addition to reinforcing CCE’s position as a market leader in the waste-to-energy sector, Veolia, positioning itself as a leading operator of Waste-To-Energy in Thailand by leveraging its pristine operational track record, aims to expand CCE’s waste-to-energy business into waste-to-resource operations. This initiative will support industrial stakeholders in achieving resource reuse and advancing Thailand’s transition from a linear to a circular economy, thereby reducing waste and pollution. Veolia’s vision fully aligns with Thailand’s Industrial Waste Management framework, the Bio-Circular-Green Model, and the forthcoming Draft Industrial Waste Management Act.
“This investment demonstrates Veolia’s determination to lead the transformation of waste management in Thailand. With over 170 years of global expertise, we are leveraging our operational excellence to further optimise CCE’s performance, diversify waste streams, and convert waste into valuable resources. This approach is fully aligned with Veolia’s GreenUp strategy – decarbonise, depollute and regenerate – and positions us as a key partner in supporting Thailand’s sustainability objectives and accelerating the transition of its industrial landscape towards a more circular and resilient economy,” said Jerome Le Borgne, Country Head of Veolia Thailand.