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"SC Holding and SEG are great partners for us as we venture into the growing Chinese market," said David Steiner, CEO of Waste Management. "We see waste as a resource, and we see international expansion of our waste-to-energy business through our subsidiary, Wheelabrator Technologies Inc, as a growth engine for us in the future. Wheelabrator's operational excellence coupled with SEG's market position and local expertise provides a strong competitive advantage. Through this joint venture, SEG can bring increased operating and technical efficiencies and solutions to the rapidly growing Chinese waste-to-energy market."