CITIC Envirotech Secures Two Multi Million EPC Contracts

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CITIC Envirotech Secures Two Multi Million EPC Contracts

Both projects will employ CITIC Envirotech Ltd advanced proprietary Membrane Bioreactor technology to treat wastewater to the Grade 1A discharge standard.

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Image SOurce: CITIC Envirotech

SGX-Mainboard listed CITIC Envirotech Ltd (CEL) a leading membrane-based integrated environmental solutions provider specializing in water and wastewater treatment, water supply and recycling, sludge and hazardous waste treatment, river restoration and other environmental services, is pleased to announce that the Group has secured two Engineering, Procurement and Construction (EPC) projects worth a total amount of RMB490 million (cca $71 million). Both projects will employ CEL’s advanced proprietary Membrane Bioreactor (“MBR”) technology to treat wastewater to the Grade 1A discharge standard.

The first project, which has a contract value of RMB350 million (cca $50 million), involves the construction of the Andongyuan Integrated Wastewater Treatment Plant (the “Andongyuan Project”) in the Jinjiang Economic Development Zone in Jinjiang City, Fujian Province. The plant has a design capacity of 80,000m3/day and will primarily treat wastewater from the textile and dyestuff tenants located within the industrial zone. The project is expected to be completed by November 2019.

The second project, which has a contract value of RMB140 million (cca $20 million), involves the expansion of the Nancun Water Purification Plant (the “Nancun Project”) in Panyu District in Guangdong Province. The plant serves an area spanning 40.9 km2 and has a current capacity of 30,000 m3/day, which will be expanded to 80,000m3 /day upon completion of the project. The project is expected to be completed by October 2019.

Commenting on the contract wins, Mr Hao Weibao, Executive Chairman and Group Chief Executive Officer, said: “Our latest contract wins stand as a testament to the Group’s proven track record in both large-scale municipal and industrial MBR projects. Coupled with the Chinese government’s strong commitment and drive towards environmental protection and pollution reduction, we are well-positioned to leverage on these opportunities given our advanced environmental technologies and proven track record in the industry. We will continue to secure more projects in the water treatment segment, while expanding our offerings to other related environmental services to maintain our competitive edge within the industry.”

Over the years, CEL has established itself as a pioneer and leader in MBR technology. With this technology, CEL is able to treat polluted water with high output quality that meets the highest discharge standards in China, while requiring only 20% to 50% of the land area needed for traditional plants. In addition, China’s stringent policies on pollution control has created a growing demand for higher quality treated water, which will continue to generate new opportunities for CEL.

Source: CITIC Envirotech 

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