Sembcorp to expand industrial parks business in China

The company is exploring the possibility of operating an industrial wastewater treatment plant in Jiangsu province.

Sembcorp’s wholly-owned subsidiaries, Sembcorp China Holding and Sembcorp Industrial Parks, will be signing agreements with the Qidong LVSI Coastal Economic Development Zone Administration Committee and the New District Administrative Committee of Wuxi Municipal People's Government respectively, to explore further business opportunities in Jiangsu province, China.

Sembcorp China Holding will be signing a Letter of Intent to explore the formation of a joint venture to build, own and operate an industrial wastewater treatment plant with a total capacity of 40,000 cubic metres per day, to be developed in phases. The facility is capable of treating high concentration industrial wastewater from multiple sources, and will be located in the Qidong EDZ, a new petrochemical industrial park in Jiangsu province.

Located near Sembcorp’s award-winning wastewater treatment plant in Zhangjiagang, this new facility is expected to complement the Group’s existing water operations in Jiangsu province. Sembcorp is expected to hold at least 80% stake in the proposed joint venture, while Qidong EDZ Administration Committee’s wholly owned investment company will hold the remaining stake.

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Tags: Sembcorp, Sembcorp China Holding and Sembcorp Industrial Parks, industrial wastewater treatment plant, Jiangsu, China