Sembcorp picked for wastewater project in China's Jiangsu province

SINGAPORE'S Sembcorp Industries has signed a joint-venture agreement to acquire and upgrade a wastewater treatment plant in China's Jiangsu province, thereby strengthening its presence in that region.

The company announced yesterday that it had been selected by the Jiangsu Environment Protection Department to improve industrial wastewater treatment operations at the Lianyungang Lingang Chemical Industrial Park (LCIP), where the plant is located.

Under the agreement, Sembcorp's wholly owned subsidiary, Sembcorp (China) Holding Co, will hold an 80 per cent stake in the joint venture, while Lianyungang Lingang Industrial Area Administration Committee's wholly owned company, Shenghai Wastewater Treatment Plant Co, will hold the remaining stake.