Jean-Louis Chaussade, executive vice president of Suez, said that over the next several years the company expects to invest around 100 mln eur a year in new projects in mainland China.

Chaussade, also chief executive of Suez Environment, said during the inauguration of China's largest hazardous waste incinerator that the company's water services business would help fuel growth in the country.

Suez, an international industrial and services company, is involved in more than a dozen water-service companies in China with its Sino French Water partnership with Hong Kong's New World Development Co Ltd. (other-otc: NDVLY.PK - news - people )

The incinerator plant in Shanghai is part of a joint venture, SCIP Swire SITA Waste Services Co Ltd, in Shanghai Chemical Industrial Park. Suez owns 40 pct of the joint venture, SCIP owns 50 pct and New World Development owns 10 pct, Chaussade said.

Frederic Grivel, general manager of the joint venture, said the new 53 mln eur plant is expected to earn 20 mln eur in sales revenue each year.

The 60,000-ton capacity plant will handle industrial waste from customers such as BASF and Bayer.