Sembcorp to expand utilities business in China

The company will be signing three MOUs to further collaborate on utilities projects in Liaoning, China.

Sembcorp will be signing three memoranda of understanding to explore further collaboration on utilities projects in the Liaoning province, China, at the Singapore-Liaoning Economic and Trade Council meeting later this morning.

MOU for the strategic cooperation between Sembcorp and Liaoning government

The first of the MOUs that will be signed is a strategic cooperation framework between Sembcorp and the Liaoning Provincial Bureau of Foreign Trade and Economic Cooperation to strengthen their collaboration in the development of utilities facilities in the Liaoning province. As part of this strategic cooperation framework, Sembcorp will explore the provision of utilities, including energy and water solutions, to industrial customers, particularly in the petrochemical industry, in various cities within the Liaoning Coastal Economic Area and the Shenyang Economic Zone, including Fushun, Dalian Chang Xing Island and Panjin.

The MOU will be signed by Alan Yau, Chief Executive Officer of Sembcorp China and Wang Jin Di, Director of Liaoning Provincial Bureau of Foreign Trade and Economic Cooperation.

MOU to explore investing in centralised utilities projects in Dalian Chang Xing Economic and Technological Development Zone, Liaoning province
Following the signing of the strategic cooperation framework, Sembcorp will be signing a MOU with the Dalian Chang Xing Island Economic and Technological Development Zone to explore the development of world class centralised utilities facilities on Dalian Chang Xing Island.

The MOU will be signed by Alan Yau, Chief Executive Officer of Sembcorp China and An Jin Xiang, Vice Director of Dalian Chang Xing Island Economic and Technological Development Board.

MOU to explore forming a joint venture to develop centralised utilities project in Fushun Hi-tech Development Area, Liaoning province

Sembcorp will be signing a third MOU with the Fushun Hi-tech Industrial Area Administration Committee to explore forming a joint venture company to develop a centralised utilities project for the provision of energy, water and on-site logistics to the Fushun Hi-tech Industrial Development Area.

This MOU will be signed by Alan Yau, Chief Executive Officer of Sembcorp China and Wang Yong, Director of Fushun Foreign Trade and Economic Cooperation Bureau.

The signings, which will take place at the 6th Singapore-Liaoning Economic & Trade Council Meeting in Singapore, will be witnessed by Gan Kim Yong, Singapore’s Health Minister, and Bing Zhi Gang, Vice Governor of Liaoning province.

Commenting on Sembcorp’s latest plans to explore further expansion in China, Mr Yau said, “The Liaoning province has been playing an increasingly vital role in the economic development of China, with the Liaoning Coastal Economic Zone being promoted as a national strategy to boost the economy of northeastern China and the China government’s focus to grow the petrochemical industry as part of the “Twelfth Five-Year” key project. These initiatives certainly present immense opportunities for Sembcorp to invest and further establish our presence in these high-growth areas.”

Sembcorp currently has operations in 12 cities across nine provinces in China, with existing water facilities in Shenyang and Xinmin in the Liaoning province