Home Capital Deals, joint ventures & alliances

SIIC Environment in $21.1 mil joint venture to build Shandong WTE facility

Michelle Zhu
Michelle Zhu3/19/2019 07:38 AM GMT+08  • 2 min read
SIIC Environment in $21.1 mil joint venture to build Shandong WTE facility
SINGAPORE (Mar 19): SIIC Environment Holdings is establishing a RMB105 million ($21.1 million) joint venture (JV) company, Shen County SIIC Environmental Energy, to construct and operate a waste-to-energy (WTE) project with a capacity of 1,200 tons per da
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Mar 19): SIIC Environment Holdings is establishing a RMB105 million ($21.1 million) joint venture (JV) company, Shen County SIIC Environmental Energy, to construct and operate a waste-to-energy (WTE) project with a capacity of 1,200 tons per day at Circular Economy Industry Park in Shen County, Shandong Province, China.

In Jan, SIIC announced its signing of a build-operate-transfer (BOT) service concession agreement with Shandong Province to construct and develop a RMB 600 million waste incineration project and the same WTE facility.

Through its subsidiary Shanghai Fudan Water Engineering Technology, the group will hold a 51% stake in the new JV company with its contribution of RMB53.55 million.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now