News

Utilities

Staff Reporter

, Singapore

Published:

2 years ago

367 views

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Sanli Environmental unit forms JV with Mursun for waste-to-energy projects

The JV will expand Sanli’s revenue via renewable energy ventures.

Sanli Environmental’s unit, Enviro Plant & Engineering (Enviro) formed Zaison Energy (Zaison), a joint venture with Mursun, to undertake engineering, procurement, and construction, including operation and maintenance works for waste-to-energy (WTE) gasification projects.

Enviro owns 65% of Zaison, whilst Mursun has a 35% stake in the newly incorporated JV.

Mursun is a Singapore-incorporated company offering engineering design and system integration for waste management and recycling systems, as well as waste treatment, WTE, waste management, and waste repurposing and recycling systems.

The JV is part of Sanli’s strategy to extend its revenue base through expansion into the renewable energy business.

Enviro used Sanli's internal funds to purchase shares in Zaison.

The JV will not have any material impact on earnings per share or net tangible assets per share of Sanli for the financial year ending 31 March 2025.

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