Now that the company is no longer struggling to survive, Bao’s ambitions in garbage incineration have reemerged. “Though the situation didn’t allow me to enter into that field, I haven’t stopped keeping an eye on it these past six years. That’s where my expertise and aspirations lie.”
Bao explained that currently most of China’s waste goes to landfill, but incineration is actually a better option. At present most garbage incinerators in China use the grate furnace procedure developed by Germany in the 1960s, which is a mature technology, but works the best for cities with the daily demand of burning 800 to 1,000 tons of solid waste. Bao intends to attract RMB 30 to 40 million of foreign capital to fund an incineration equipment plant to provide facilities for small to medium-sized cities, offering them an environment-friendly and low-cost solution for their municipal waste. He also has plans to work with Tsinghua University and other research institutes to push technologies further.
For Bao, a successful science company is more than just patenting products and technologies. It has to put them into application repeatedly, mend any flaw occurring in the process, and solve real problems. So he is developing his company on all three fronts of the business cycle: design, construction and operation. “We are working to entrench our position in all these aspects and to stand out as a technical engineering company that has a wide expertise in environmental protection. If everything goes well, our company will go public in 2005,” Bao Haiming concluded with confidence.
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