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Monday, 2 December 2013

Sembcorp Commences Operations of its New S$154 Million Multi-Utilities Centre to Serve Jurong Island’s Emerging Growth Area

SINGAPORE, December 2, 2013 – Sembcorp Industries (Sembcorp) is pleased to announce a significant milestone in the expansion of its utilities business on Jurong Island, with the commencement of commercial operations of its new S$154 million multi-utilities centre located in the island’s Banyan district.

With the addition of this new facility, Sembcorp now offers companies located in Jurong Island’s Banyan, Tembusu and Angsana areas a comprehensive range of energy, water and on-site logistics. These include process steam, power, industrial wastewater treatment, industrial waters and service corridor services.

The new Banyan multi-utilities centre is Sembcorp’s second such facility on Jurong Island, replicating its first multi-utilities centre which has served companies in the island’s established Sakra and Seraya areas for over a decade. With the Banyan and Sakra multi-utilities facilities in operation, Sembcorp is now well-placed to provide its utilities services to customers in the whole of Jurong Island.

Already, the company has secured a number of customers located in the island’s new growth area, including Jurong Aromatics Corporation, LANXESS, Evonik Industries, Asahi-Kasei and Zeon. It is also building a new 400-megawatt gas-fired cogeneration plant nearby, set to come onstream next year. In total, Sembcorp’s assets in operation and in development on Jurong Island amount to around S$3 billion in investment.

Ng Meng Poh, Sembcorp’s Executive Vice President & Head (Utilities) said, “The completion of Sembcorp’s new multi-utilities centre marks a significant milestone as now, we can provide energy, water and on-site logistics to serve customers across the whole of Jurong Island. Over the last sixteen years, Sembcorp has developed an unrivalled track record on the island, with a reputation for strong technical and operational expertise and high reliability. We are confident that we are the best partner to meet the utilities requirements of companies entering the Banyan, Tembusu, and Angsana areas of the island and we look forward to extending our proven solutions to them.”

Sembcorp is a global leader in the provision of energy, water and on-site logistics to multiple customers in industrial sites. In addition to its proven track record of supplying these utilities to chemical and petrochemical manufacturers on Jurong Island since 1997, Sembcorp also serves the utilities needs of several major industrial sites overseas, including key sites in China and Oman.

This development is not expected to have a material impact on the earnings per share and net asset value per share of Sembcorp Industries for the current financial year.

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