SINGAPORE (Dec 16): Keppel Seghers, the wholly-owned subsidiary of Keppel Infrastructure, which is a division of Keppel Corporation, is set to acquire an 18.18% stake in environmental solutions provider Zerowaste Asia for $5 million.
Singapore-based Zerowaste Asia offers one-stop environmental solutions in industrial waste and wastewater management. The group currently has a presence in both Singapore and China.
Currently, Keppel Seghers’ waste-to-energy (WTE) technology reduces the volume of solid waste to be landfilled by up to 90%, thereby extending the lifespan of landfills and reducing greenhouse gases that are released in landfills.
Zerowaste Asia’s proprietary technology removes heavy metals and pollutants from waste, and recycles detoxified waste into materials suitable for land reclamation and construction, and also enables wastewater to be reused in industrial operations.
These solutions will reportedly complement Keppel Seghers' portfolio of solutions by providing further treatment to extract heavy metals and pollutants from both incineration fly ash and bottom ash, allowing these to be further reused instead of being landfilled.
According to Keppel, this investment in Zerowaste Asia comes at a time when environmental issues are increasingly garnering international attention, as many cities grapple with urbanisation challenges that stem from growing populations, land constraints and environmental risks.
Executive director for environmental infrastructure at Keppel Infrastructure Tan Boon Leng highlights how the acquisition is slated to create synergies with, and opens up new possibilities for the Keppel group as a provider of solutions for sustainable urbanisation.
“Keppel Seghers has a strong track record in waste and wastewater treatment solutions. Zerowaste Asia's proprietary technology will further enhance our solutions, cement our position as a leading provider of environmental solutions, and allow us to contribute further to a circular economy through the treatment and recycling of residual waste," adds Tan.
As at 11.11am, shares in Keppel Corp are trading two cents higher, or 0.2% up, at $6.73.