The prospect and trend of domestic environmental protection industry during the 13th Five-Year Plan period
Background: Current situation of domestic environmental protection industry
After more than 20 years of development, the domestic environmental protection industry has formed a diversified industrial pattern covering environmental consulting, environmental protection equipment, engineering design, facility operation and maintenance in key fields such as sewage, atmosphere, solid waste treatment and disposal, and environmental services.Since the eleventh Five-Year Plan period, the domestic environmental protection industry has grown at an average annual rate of over 15%, entering a stage of rapid development.
According to the National Development and Reform Commission, the output value of China's environmental protection industry is expected to reach 4.5 trillion yuan by the end of 2015.In spite of the intensified policy support in recent years, such as the "Gas ten" and "Water ten", which have led to the marketization and large-scale expansion of the environmental protection industry, the environmental protection industry, as one of the strategic emerging industries, is still in its early stage of development and still has a large gap to become the pillar industry of the national economy.
At present, the domestic environmental protection industry has taken on a new form in the economic transformation and upgrading.
First, merger and acquisition integration is surging.
With environmental protection requirements of upgrading and environment in the aid of capital market hot, the environmental protection industry on the one hand, vertical integration and extend the industrial chain, foster environmental consulting, environmental protection equipment, engineering design and operations and the comprehensive ability of large environmental groups to participate in international competition in the market, on the one hand, transverse joint, achieve scale development and fine management.According to statistics, there were about 120 mergers and acquisitions in the environmental protection industry in China in 2015, involving more than 40 billion yuan of transaction value.Among them, the merger and acquisition of large environmental groups attracts the most attention.In 2014, Beijing capital Group reached an agreement with Australia's Transpacific Industries Group Limited to acquire 100% stake of NewZealand solid waste company Transpacific NewZealand (TPI NZ) for about 5 billion yuan, making it the largest overseas acquisition case in the domestic environmental protection industry.In 2015, Beijing Capital Group acquired ECO Industrial Environmental Engineering Pte Ltd, the only sludge treatment company in Singapore with the largest market share and the most advanced technology, and opened a window of the Environmental protection market in Southeast Asia with Singapore as a springboard.The company's performance was equally impressive. Following its merger with the Beijing Municipal Government in early 2016, It plans to acquire Germany's largest garbage power generation operator, EEW, for 10.5 billion yuan.In general, industry competition intensifies, industry concentration increases, enterprise scale expands and business integration accelerates.On the one hand, the purpose of the merger and acquisition of environmental protection enterprises is to acquire technology. For example, Sheldron acquired 51% of the shares of Kore in the UK for about RMB 15,666,500, so as to acquire high-end technology and production capacity of mass spectrometer.A comprehensive environmental group with the capabilities of technology integration, engineering construction, facility operation and investment and financing will become the mainstay of the domestic environmental industry.
Second, large state-owned enterprises enter the environmental protection industry.
Due to the need of business transformation and capital advantage, a large number of state-owned enterprises rush into the environmental protection industry, accelerating the adjustment of industrial structure.Gezhouba Group, Sinopec, MCC group, XCMG Group, China Railway Construction Corporation, China Construction Investment corporation and other companies began to make trans-boundary strategic layout of environmental protection market.In January 2015, Gezhouba Group invested about 473 million yuan to acquire 75% of The equity of Kaidan Water Supply Co., LTD.In August, the first energy conservation and environmental protection engineering company of Sinopec was established in Hubei province, which is the only energy conservation and environmental protection engineering company, energy conservation and environmental protection policy research and technical support center of Sinopec.CRRC increased its share in the environmental protection sector to realize the luxuriant transformation. Its business involved in environmental protection subsectors such as activated carbon, seawater desalination equipment and village sewage treatment system, and invested 1 billion yuan to establish the production and research and development base of rural decentralized sewage treatment facilities in Changshu, Jiangsu.State-owned enterprises with their strong capital into the field of environment, can fill the huge gap in governance funds, make up for the lack of financial input.
Third, the environmental industry chain is being stretched.
The waste treatment industry extends from the end incineration business to the front-end waste collection and sanitation operation, and the sewage treatment industry expands from the end emission reduction treatment to the pipe network collection business, and gradually derives new concepts such as sponge city and urban pipe corridor. The governance means is gradually implemented from point source treatment to specific actions of non-point source control.At the same time, the integration of traditional environmental protection industry and the application of Internet technology on the basis of innovation of smart city and other new environmental protection industry embryo context framework.The extension of the environmental industry chain is accompanied by the intelligent, comprehensive and technical service upgrade, which has become a breakthrough outlet for cross-border enterprises.For example, typical applications of environmental monitoring + Internet include the PM2.5 service monitoring cloud platform of financial Control data, and the smart environmental protection cloud - PM2.5 cloud monitoring platform of Lenovo Cloud Group.The typical application of renewable resources + Internet represents the easy renewable network developed by Sander Environment, which integrates information flow, capital flow, logistics, guarantee and other functions.
Fourth, the application of new business models.
In recent years, the National Development and Reform Commission, Ministry of Finance pushing environment pollution by a third party and the PPP mode, especially in the air, sewage and garbage pollution treatment facilities of the investment and financing, project construction, and operation and maintenance process, the application of BOT and TOT, operation and maintenance outsourcing or equipment rental and other PPP mode, there are also using environmental performance contract services and other ways to carry out comprehensive environmental services, through regional packaging for integral design, modular construction and integrated operation, drive the fast construction and environmental facilities around the extensive involvement of social capital.The structure of bidding projects is becoming more and more complex, and diversified modes are designed according to the project boundary conditions and financing conditions.For example, water ecological environment treatment projects include river channel regulation, sewage disposal, ecology, coastal landscape, sewage plant, sponge city demonstration project and information monitoring project, etc., and urban garbage treatment is extended from household garbage to kitchen waste projects.
