SIIC Environment Holdings, dual-listed in Singapore and Hong Kong, has provided an update on four projects in Heilongjiang, Shandong and Guangxi Zhuang Autonomous Region, with a total capacity of 160,000 tonnes.
According to a July 22 announcement, SIIC Environment has added 85,000-tonne wastewater treatment plant (WWTP) projects, while a 45,000-tonne WWTP project has secured upgrading and a 30,000-tonne WWTP project has commenced commercial operation.
Secured 85,000-tonne WWTP projects
SIIC Environment’s 75.5% indirectly-owned subsidiary, SIIC Environment Holdings (Weifang), has signed an agreement with Weifang Ruida Municipal Engineering regarding the Weifang City Weicheng District WWTP operations and maintenance (O&M) project.
The O&M period is eight years. The project has a designed capacity of 50,000 tonnes per day with a discharge standard as Quasi Grade IV.
Meanwhile, the company’s 90% indirectly-owned subsidiary, SIIC Environment Holdings (Beihai), has secured Beihai Daguansha WWTP O&M Project 2nd Phase.
See also: SIIC Environment signs upgrading and expansion agreement for 50,000-tonne project
The project has a designed capacity of 35,000 tonnes per day with a discharge standard as Class I Standard A. The O&M period is six months, which could be extended if deemed appropriate depending on the status of cooperation between the two parties.
45,000-tonne WWTP project
In addition, the group's 45,000-tonne WWTP project has secured upgrading. The Harbin City Pingfang WWTP Improvement Project has a total designed capacity of 150,000 tonnes per day — 75,000 tonnes of which has a discharge standard as Class I Standard A and the other 75,000 tonnes as Class I Standard A.
See also: SIIC Environment reports lower revenue and net profit in FY2023
To control overflow risk during flood seasons, the project was approved to upgrade by 45,000 tonnes with its discharge standard upgraded from Class I Standard B to Class I Standard A.
30,000-tonne WWTP project
Finally, the 30,000-tonne WWTP project has commenced commercial operation. The Hegang City WWTP Project (West Plant Expansion 2nd Phase) commenced commercial operation with retrospective effect to June 30, 2023.
The project has a designed capacity of 30,000 tonnes per day with a discharge standard as Class I Standard A.
According to SIIC Environment, these projects are “expected to contribute positively” to the group’s future performance.
In February, SIIC Environment announced that its revenue and net profit attributable to shareholders in FY2023 ended Dec 31, 2023 fell by 8.8% and 22.6% y-o-y, respectively, to RMB7.573 billion and RMB604 million, respectively.
Shares in SIIC Environment closed 0.2 cents lower, or 1.19% down, at 16.6 cents on July 22.
