Sembcorp Ind

Sembcorp Ind: Opened its new $34m biomass steam production plant on Jurong Island capable of producing 20 tons per hr of process steam using waste wood. Co intends to expand capacity ten-fold and supply 1/3 of Jurong Island's Sakra district using alternative fuel. SCI now trades at 12.5x fwd earnings, close to peer Keppel Corp at 12.5x