Friday, December 20, 2013
SCI: Entered into a 80/20 JV with Caofeidian Industrial Zone Administrative Committee to build, own and operate a wastewater treatment to the Caofeidian Chemical Industrial Park in Hebei, China. Targeted to begin operations in late 2015, the wastewater treatment facility will have an initial capacity of 10,000 cubic metres/ day and have advanced capabilities to treat high concentration industrial wastewater and high oil content industrial wastewater. This JV has secured a 30 year exclusive concession agreement to provide wastewater treatment services within a 32 sq km area in the chemical industrial park. The total investment of the project is ~$22.4m.