Was yesterday sudden price surge due to this?
Singapore's Keppel Corporation unit - Keppel Integrated Engineering - has sealed the deal on two contracts to supply waste-management solutions worth US$53 million in China.
It will help Shenzhen Energy to build China's biggest incineration plant by 2011. It has also signed a Memorandum of Understanding (MOU) with Shenzhen Energy to explore new areas like water treatment.
Waste management is becoming big business in China. According to British research unit, New Energy Finance, China currently incinerates only about 2 per cent of its municipal waste or rubbish.
But the government is targeting to raise that up to 30 per cent by 2030, and that will involve a commitment to spend at least US$6.3 billion.
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