Sembcorp to splurge RMB98.7m on wastewater treatment business in China

It'll be completed by 1H2016.

According to OSK-DMG, Sembcorp Industries announced that it will be expanding its industrial wastewater treatment business in China's Hubei province by signing a joint venture agreement to build, own (95%) and operate an industrial wastewater treatment plant in the Jingmen Chemical Industrial Park for RMB98.7m, targeted to be completed by 1H2016.

Here's more:

It will have an initial capacity of 10,000m3 a day with capabilities to treat multiple streams of industrial wastewater and provide industrial wastewater treatment services to companies in the JCIP under a 30-year exclusive concession agreement. The other 5% will be owned by the Duodao District Government of Jingmen City.

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