Sembcorp to invest S$64.2m in China utilities facilities

By

Angela Tan

                          

 

 

Sembcorp said on Wednesday that it will be investing a total of RMB326.6 million (about S$64.2 million) to develop centralised utilities facilities in the Fushun Petrochemical and Fine Chemical Park, Liaoning province, China.

 

The project is expected to provide on-site logistics and water for industrial use.

 

For the first phase, Sembcorp will be investing RMB76.0 million (about S$14.9 million) to develop a three-kilometre service corridor network, with completion expected in the first quarter of 2013.

Sembcorp will acquire a portfolio of existing water assets from the local government and develop a new industrial water treatment plant and a 3.6-kilometre water pipeline at a total investment of RMB250.6 million (S$49.2 million).