Sembcorp pumping 932m yuan into China plant

Singapore

SEMBCORP Industries will be investing 932 million yuan (S$190 million) to develop the first - and its most comprehensive - total water management plant to support a coal-to-diesel project in China.

The plant, to be located in Wangqiao Industrial Park in Changzhi City, Shanxi province, will support Shanxi Lu'an Group's coal-to-diesel project under a 15-year service agreement secured by Sembcorp's wholly owned subsidiary, Sembcorp China Holding Co, Sembcorp said in a statement yesterday.