january 2010 - Keppel Corporation

Sustaining Growth 7
Understanding (MOU) was
signed between Keppel
Corporation and Shenzhen
Energy Group to explore
areas of strategic
partnerships related to
environmental protection,
including WTE projects.
Both the contract and the
MOU were signed in the
presence of Mr Wang Rong,
Standing Committee
Member of Communist Party
of China (CPC) Guangdong
Provincial Committee,
Deputy Secretary of CPC
Shenzhen Municipal
Committee and Acting
Mayor of Shenzhen.
At the ceremony, Mr Teo Soon
Hoe, Senior ED and Group
Finance Director of Keppel
Corporation, said, “For the
majority of fast developing
countries, waste is a serious
problem. As cities develop,
land becomes scarce.
Consequently, landfills, as the
conventional solution for
waste, become inadequate.”
Noting the advantages of
WTE, Mr Teo mentioned
that not only is it able to
effectively reduce the volume
of waste going to the landfill
by 90%, it also produces
energy in the process.
Furthermore, with the
technology advances,
emissions from WTE facilities
are now able to pass the
most stringent emission
standards.
He elaborated, “In fact,
Keppel Seghers has
implemented WTE solutions
for many urban communities
in Japan, Korea, the Middle
East, America and Europe.
One of the WTE plants in
South Korea, fitted with
Keppel Seghers’ technology,
is situated just 50m away
from a residential apartment.
This is testament that WTE is
a practical and green solution
that forms a vital part of the
answer to the challenges of
urban waste management.”
The second contract,
awarded by China Energy
Conservation Investment
Corporation (CECIC), is for
the supply of technology for
the furnace, boiler and flue
gas cleaning components for
a WTE plant in Chengdu.
When completed in 2011,
the plant will be able to treat
1,800 tonnes of municipal
waste per day.
Mr Michael Chia added,
“The two contracts from
repeat customers affirm the
quality and reliability of our
WTE technology as an
effective solution to waste
management. The strength
of our WTE technology will
enable Keppel to gain further
traction in the WTE market
in China and the rest of the
world.”
KIE is currently the market
leader for imported WTE
solutions in China, with 60%
of the market share.
Last year, Keppel Seghers
secured two WTE technology
projects in China. In July
2009, Keppel Seghers
secured an £11 million
(approximately $22.3 million)
contract from Tianjin Binhai
Environmental Industry
Development Ltd to provide
technology to a WTE plant in
Hangu, Tianjin.
In March 2009, Keppel
Seghers was also awarded a
$30 million contract by
Riseland Holdings, a
subsidiary of Everbright
International, to provide
technology to a WTE plant in
Jinan, Shandong. keppelite
The two contracts from repeat customers affirm the quality and reliability of
our WTE technology as an effective solution to waste management. The
strength of our WTE technology will enable Keppel to gain further traction
in the WTE market in China and the rest of the world.
Mr Michael Chia
Deputy Chairman and CEO, KIE
Keppelite I January 2010