Keppel strengthens waste-to-energy market leadership in China
25 February 2010
Environmental engineering unit announces third technology contract since start of year
Keppel Seghers Belgium N.V. (Keppel Seghers), an indirectly wholly-owned subsidiary of Keppel Integrated Engineering Limited (KIE), has secured an €6.5 million (approximately S$12.5 million) contract to provide technology and services to a waste-to-energy plant (WTE) in Guanzhuang, Tianjin, bringing the 2010 orderbook for WTE technology sales in China to approximately S$86.7 million.
Awarded by repeat customer,Tianjin TEDA Environment Protection Co., Ltd, the contract is the third technology package sale in China that KIE has announced this year.
The two technology package sales announced earlier this year were also for repeat customers. One was for the expansion of an existing WTE plant in Shenzhen, Guangdong, which when completed will be the largest in China, and the other was for a WTE plant in Chengdu.
Mr Michael Chia, Deputy Chairman and CEO of KIE, said, “With the growing adoption of WTE solutions as a practical and effective means for waste management in China, there is a demand for reliable technology to ensure that emissions from WTE plants pass even the most stringent standards in the world.
“Therefore, as the market leader for imported WTE solutions in China, we are well-placed to capture opportunities arising from the drive for sustainable development. China, which is experiencing rapid urbanisation and development, will provide ample opportunities for proven environmental solutions providers to grow.”
When completed in 2012, the Tianjin plant will be able to treat 1,000 tonnes of municipal waste per day. Keppel Seghers will provide its equipment design and technical services for the furnace, boiler and flue gas cleaning components of plant.
KIE is currently the market leader for imported waste-to-energy solutions in China, with 60% of the market share.
The above-mentioned contract is not expected to have material impact on the net tangible assets or earnings per share of Keppel Corporation Limited for the current financial year.
About Keppel Integrated Engineering (KIE)
KIE is a wholly-owned subsidiary of Keppel Corporation Limited.
The Keppel Seghers group of companies (Keppel Seghers Group), which are owned by KIE, are leading providers of comprehensive environmental solutions ranging from consultancy, design and engineering, technology and construction to operations and maintenance of facilities. Its advanced technology solutions address a wide spectrum of environmental issues such as solid waste, wastewater, drinking & process water, biosolids & sludge. In addition, Keppel Seghers Group offers a full range of environmental-friendly industry applications for the removal of organic substances from metal parts and tools.
Keppel Seghers Group has an established track record of involvement in waste-to-energy (WTE) projects in Europe, the Americas and the Asia Pacific for more than 40 years.
In April 2009, Keppel Seghers also secured an Engineering, Procurement and Construction (EPC) contract worth approximately S$518 million to build an Energy-from-Waste Combined Heat and Power Plant (EFW CHP plant), featuring Keppel Seghers’ technology, to serve the Greater Manchester region in the United Kingdom.
Notably, in the Middle East, Keppel Seghers Group is implementing two contracts worth approximately S$1.7 billion by the Ministry of Municipality and Urban Planning of Qatar for the Engineering, Procurement and Construction (EPC) and Operation and Maintenance of an integrated solid waste management facility which can treat 2,300 tonnes of waste per day.
Currently, Keppel Seghers Group is the only private operator of WTE plants in Singapore. Owning and operating two out of four WTE plants in Singapore, Keppel Seghers Group has the capacity to treat almost half of Singapore’s waste that is sent for incineration.
The WTE technology sale in Guanzhuang, Tianjin will be the third announced by KIE this year.
Keppel Seghers Belgium N.V. (Keppel Seghers), an indirectly wholly-owned subsidiary of Keppel Integrated Engineering Limited (KIE), has secured an €6.5 million (approximately S$12.5 million) contract to provide technology and services to a waste-to-energy plant (WTE) in Guanzhuang, Tianjin, bringing the 2010 orderbook for WTE technology sales in China to approximately S$86.7 million.
Awarded by repeat customer,Tianjin TEDA Environment Protection Co., Ltd, the contract is the third technology package sale in China that KIE has announced this year.
The two technology package sales announced earlier this year were also for repeat customers. One was for the expansion of an existing WTE plant in Shenzhen, Guangdong, which when completed will be the largest in China, and the other was for a WTE plant in Chengdu.
Mr Michael Chia, Deputy Chairman and CEO of KIE, said, “With the growing adoption of WTE solutions as a practical and effective means for waste management in China, there is a demand for reliable technology to ensure that emissions from WTE plants pass even the most stringent standards in the world.
“Therefore, as the market leader for imported WTE solutions in China, we are well-placed to capture opportunities arising from the drive for sustainable development. China, which is experiencing rapid urbanisation and development, will provide ample opportunities for proven environmental solutions providers to grow.”
When completed in 2012, the Tianjin plant will be able to treat 1,000 tonnes of municipal waste per day. Keppel Seghers will provide its equipment design and technical services for the furnace, boiler and flue gas cleaning components of plant.
KIE is currently the market leader for imported waste-to-energy solutions in China, with 60% of the market share.
The above-mentioned contract is not expected to have material impact on the net tangible assets or earnings per share of Keppel Corporation Limited for the current financial year.
About Keppel Integrated Engineering (KIE)
KIE is a wholly-owned subsidiary of Keppel Corporation Limited.
The Keppel Seghers group of companies (Keppel Seghers Group), which are owned by KIE, are leading providers of comprehensive environmental solutions ranging from consultancy, design and engineering, technology and construction to operations and maintenance of facilities. Its advanced technology solutions address a wide spectrum of environmental issues such as solid waste, wastewater, drinking & process water, biosolids & sludge. In addition, Keppel Seghers Group offers a full range of environmental-friendly industry applications for the removal of organic substances from metal parts and tools.
Keppel Seghers Group has an established track record of involvement in waste-to-energy (WTE) projects in Europe, the Americas and the Asia Pacific for more than 40 years.
In April 2009, Keppel Seghers also secured an Engineering, Procurement and Construction (EPC) contract worth approximately S$518 million to build an Energy-from-Waste Combined Heat and Power Plant (EFW CHP plant), featuring Keppel Seghers’ technology, to serve the Greater Manchester region in the United Kingdom.
Notably, in the Middle East, Keppel Seghers Group is implementing two contracts worth approximately S$1.7 billion by the Ministry of Municipality and Urban Planning of Qatar for the Engineering, Procurement and Construction (EPC) and Operation and Maintenance of an integrated solid waste management facility which can treat 2,300 tonnes of waste per day.
Currently, Keppel Seghers Group is the only private operator of WTE plants in Singapore. Owning and operating two out of four WTE plants in Singapore, Keppel Seghers Group has the capacity to treat almost half of Singapore’s waste that is sent for incineration.
The WTE technology sale in Guanzhuang, Tianjin will be the third announced by KIE this year.