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SHANGHAI, Aug. 29, 2025 /PRNewswire/ -- On August 28, SUS ENVIRONMENT announced the signing of China's first sustainability-linked syndicated loan in the waste-to-energy industry, with Standard Chartered Bank acting as the sole Mandate Lead Arranger and Bookrunner, Sustainability-linked Loan Coordinator, Facility Agent and Security Agent and Account Bank. The transaction attracting participation from 8 banks across Mainland China, Hong Kong, the Middle East and other regions, achieving oversubscription and ultimately completing the initial fundraising of US$175 million.
This syndicated loan represents the first sustainability-linked loan in China's waste-to-energy (WtE) industry. It specifically establishes Key Performance Indicators (KPIs) and Sustainability Performance Targets (SPTs) aligned with SUS ENVIRONMENT's core sustainability strategy, linking the interest rate to Scope 1 and 2 greenhouse gas (GHG) emission intensity and GHG reduction targets, thereby further advancing SUS ENVIRONMENT's strategic sustainability layout. The loan has also obtained a second-party opinion certification from DNV Business Assurance Limited, confirming its compliance with the Sustainability-Linked Loan Principles.
Mr. Shi Lv, Head of Corporate and Investment Banking at SCB China, stated: "We are honored to have facilitated this milestone transaction for SUS ENVIRONMENT. This deal once again highlights SUS's leading position in practicing low-carbon operation principles and sustainability. Standard Chartered looks forward to continuing as a long-term partner of SUS, leveraging our outstanding innovative strengths in sustainable finance and exceptional capabilities in capital markets to jointly realize our shared sustainability vision."
Mr. Lin Xinduo, Director and Chief Financial Officer of SUS ENVIRONMENT, stated: "We are delighted to collaborate with Standard Chartered Bank and participating banks to complete this industry milestone sustainability-linked loan. This not only reflects the capital market's high recognition of SUS's industry leadership and sustainability strategy, but also demonstrates our commitment to advancing green and low-carbon transformation. "
Empowered by technological innovation and sustainable management, SUS's overseas business has progressed rapidly. By June 2025, the company had secured 90 investment WtE projects with an estimated total processing capacity of approximately 120,000 tonnes per day. These projects cover countries in Asia, the Middle East, and other regions, effectively contributing to local solid waste management and clean energy transition.
About SUS
SUS ENVIRONMENT is the global leading comprehensive environment provider.* As of June 2025, SUS ENVIRONMENT has established 11 management centers worldwide, providing environmental and energy services to over 100 million people. It has invested in and constructed 90 waste-to-energy projects (low-carbon Eco-industrial parks), with a daily processing capacity nearly 120,000 tons of municipal solid waste and annual green power generation of approximately 18,000 GWh. Its equipment and technology are applied in 300 waste-to-energy plants across the world, with a daily capacity over 300,000 tons of municipal solid waste.*
* Data sourced from the Environmental Sanitation Net Of China and public data, covering total design scale, with data as of June 30, 2025. |
SHANGHAI, Aug. 29, 2025 /PRNewswire/ -- On August 28, SUS ENVIRONMENT announced the signing of China's first sustainability-linked syndicated loan in the waste-to-energy industry, with Standard Chartered Bank acting as the sole Mandate Lead Arranger and Bookrunner, Sustainability-linked Loan Coordinator, Facility Agent and Security Agent and Account Bank. The transaction attracting participation from 8 banks across Mainland China, Hong Kong, the Middle East and other regions, achieving oversubscription and ultimately completing the initial fundraising of US$175 million.
This syndicated loan represents the first sustainability-linked loan in China's waste-to-energy (WtE) industry. It specifically establishes Key Performance Indicators (KPIs) and Sustainability Performance Targets (SPTs) aligned with SUS ENVIRONMENT's core sustainability strategy, linking the interest rate to Scope 1 and 2 greenhouse gas (GHG) emission intensity and GHG reduction targets, thereby further advancing SUS ENVIRONMENT's strategic sustainability layout. The loan has also obtained a second-party opinion certification from DNV Business Assurance Limited, confirming its compliance with the Sustainability-Linked Loan Principles.
Mr. Shi Lv, Head of Corporate and Investment Banking at SCB China, stated: "We are honored to have facilitated this milestone transaction for SUS ENVIRONMENT. This deal once again highlights SUS's leading position in practicing low-carbon operation principles and sustainability. Standard Chartered looks forward to continuing as a long-term partner of SUS, leveraging our outstanding innovative strengths in sustainable finance and exceptional capabilities in capital markets to jointly realize our shared sustainability vision."
Mr. Lin Xinduo, Director and Chief Financial Officer of SUS ENVIRONMENT, stated: "We are delighted to collaborate with Standard Chartered Bank and participating banks to complete this industry milestone sustainability-linked loan. This not only reflects the capital market's high recognition of SUS's industry leadership and sustainability strategy, but also demonstrates our commitment to advancing green and low-carbon transformation. "
Empowered by technological innovation and sustainable management, SUS's overseas business has progressed rapidly. By June 2025, the company had secured 90 investment WtE projects with an estimated total processing capacity of approximately 120,000 tonnes per day. These projects cover countries in Asia, the Middle East, and other regions, effectively contributing to local solid waste management and clean energy transition.
About SUS
SUS ENVIRONMENT is the global leading comprehensive environment provider.* As of June 2025, SUS ENVIRONMENT has established 11 management centers worldwide, providing environmental and energy services to over 100 million people. It has invested in and constructed 90 waste-to-energy projects (low-carbon Eco-industrial parks), with a daily processing capacity nearly 120,000 tons of municipal solid waste and annual green power generation of approximately 18,000 GWh. Its equipment and technology are applied in 300 waste-to-energy plants across the world, with a daily capacity over 300,000 tons of municipal solid waste.*
* Data sourced from the Environmental Sanitation Net Of China and public data, covering total design scale, with data as of June 30, 2025.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
First-Ever in WtE Sector: SUS ENVIRONMENT and Standard Chartered Bank Complete USD 175 Million Sustainability-Linked Loan
ALULA, Saudi Arabia, Jan. 16, 2026 /PRNewswire/ -- Today marks the official opening of Desert X AlUla 2026, the landmark fourth edition of the international, open-air biennial exhibition. Arts AlUla, in collaboration with Desert X, welcomes visitors to experience a stellar line-up of Saudi and international multi-generational artists whose site-responsive earthworks, sculptures, and installations will engage in a powerful dialogue with the awe-inspiring landscapes and layered heritage of AlUla.
As a premier destination rich in ancient history and breathtaking nature, AlUla, located in Northwest Saudi Arabia, solidifies its position on the global stage as a dynamic, emerging land art destination with Desert X AlUla, the region's first public art biennale, and a key highlight of the AlUla Arts Festival.
The 2026 edition of Desert X AlUla brings together 11 acclaimed artists whose diverse works reflect a wide spectrum of ideas, materials, and traditions. From monumental kinetic sculpture to sound-based explorations above and below ground, each commission is deeply rooted in relationships to AlUla's distinctive environment, further cementing Desert X AlUla's reputation as a globally significant platform for site-responsive land art.
Desert X AlUla runs until February 28, 2026, as a cornerstone of the annual AlUla Arts Festival. Curated by Wejdan Reda, Zoé Whitley, with artistic direction by Neville Wakefield, and Raneem Farsi, its fourth edition explores 'Space Without Measure.' Inspired by Kahlil Gibran, the theme fosters contemplation of imagination within AlUla's natural settings. The exhibition, set in the desert canyons of AlUla, serves as a pre-opening programme for Wadi AlFann, offering a pivotal glimpse into AlUla's plans to create a permanent land art 'Valley of the Arts.'
Hamad Alhomiedan, Director of Arts & Creative Industries at the Royal Commission for AlUla (RCU), said: "At Desert X AlUla 2026, audiences will engage with art that deeply converses with AlUla's unique landscapes and rich heritage. These compelling commissions highlight AlUla's dynamic transformation into a major global destination, where ancient and contemporary expressions converge. This exhibition is part of our broader revitalisation of AlUla as a culturally rich destination to live, work and visit and integral to positioning AlUla in the global dialogue of contemporary art and as a precursor to monumental projects like Wadi AlFann."
Participating artist/artworks are:
- Sara Abdu, A Kingdom Where No One Dies: Contours of Resonance
- Mohammad Alfaraj, What was the Question Again?
- Mohammed AlSaleem, The Thorn, AlShuruf Unit, The Triangles, Flower Bud, and Al Ahilla (courtesy of Royal Commission for Riyadh City)
- Tarek Atoui, The Water Song
- Bahraini-Danish, Bloom
- Maria Magdalena Campos-Pons, Imole Red
- Agnes Denes, The Living Pyramid
- Ibrahim El-Salahi, Haraza Tree
- Basmah Felemban, Murmur of Pebbles
- Vibha Galhotra, Future Fables
- Héctor Zamora, Tar HyPar
For further information, please contact:
Sabrine.Shaw@bursonglobal.com
AlUlaArtsFestival@bursonglobal.com
Multimedia gallery:
High-resolution photos of all 11 artists and their artworks can be found here.
About AlUla and Arts AlUla
Located 1,100 km from Riyadh, in North-West Saudi Arabia, AlUla is a place of extraordinary natural and human heritage. The vast area, covering 22,561km², includes a lush oasis valley, towering sandstone mountains and ancient cultural heritage sites dating back thousands of years to when the Lihyan and Nabataean kingdoms reigned.
The most well-known and recognised site in AlUla is Hegra, the principal southern city of the Nabataean Kingdom and Saudi Arabia's first UNESCO World Heritage Site. AlUla is also home to ancient Dadan, the capital of the Dadan and Lihyan Kingdoms and considered to be one of the most developed 1st millennium BCE cities of the Arabian Peninsula, and Jabal Ikmah, an open air library of hundreds of inscriptions and writings in many different languages. AlUla Old Town Village, a labyrinth of more than 900 mudbrick homes was developed from at least the 12th century and has been revitalised as the vibrant hub for visitors and residents.
The creation of Arts AlUla within The Royal Commission for AlUla (RCU) is a commitment to crafting the next chapters in a millennia of artistic creation – celebrating cultural inheritance and shaping a future inspired by artists built be artists. The work of Arts AlUla seeks to preserve this legacy: fuse the old with the new; the local with the international, keeping the arts central to the spirit of AlUla as a place of extraordinary natural and human heritage.
Wadi AlFann, meaning 'Valley of the Arts,' will be a global cultural destination for land art, unveiling from 2028 onwards, where era-defining works by artists from around the world will be permanently sited in the monumental landscape of AlUla, the extraordinary desert region of north-west Saudi Arabia.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Desert X AlUla 2026: monumental land art exhibition opens in the ancient oasis of AlUla
