SEMBCORP SIGNS THREE AGREEMENTS TO EXPAND UTILITIES BUSINESS IN LIAONING PROVINCE, CHINA

Singapore, September 28, 2011 – Sembcorp is pleased to announce that it will be signing three memoranda of understanding (MOU) to explore further collaboration on utilities projects in the Liaoning province, China, at the Singapore-Liaoning Economic and Trade Council meeting later this morning.


MOU for the strategic cooperation between Sembcorp and Liaoning government

The first of the MOUs that will be signed is a strategic cooperation framework between Sembcorp and the Liaoning Provincial Bureau of Foreign Trade and Economic Cooperation to strengthen their collaboration in the development of utilities facilities in the Liaoning province. As part of this strategic cooperation framework, Sembcorp will explore the provision of utilities, including energy and water solutions, to industrial customers, particularly in the petrochemical industry, in various cities within the Liaoning Coastal Economic Area and the Shenyang Economic Zone, including Fushun, Dalian Chang Xing Island and Panjin.
 
MOU to explore investing in centralised utilities projects in Dalian Chang Xing Economic and Technological Development Zone, Liaoning province


Following the signing of the strategic cooperation framework, Sembcorp will be signing a MOU with the Dalian Chang Xing Island Economic and Technological Development Zone (大连长兴岛经济技术开发区) to explore the development of world class centralised utilities facilities on Dalian Chang Xing Island.
 
MOU to explore forming a joint venture to develop centralised utilities project in Fushun Hi-tech Development Area, Liaoning province

Sembcorp will be signing a third MOU with the Fushun Hi-tech Industrial Area Administration Committee to explore forming a joint venture company to develop a centralised utilities project for the provision of energy, water and on-site logistics to the Fushun Hi-tech Industrial Development Area.