NWS acquires Wuhan Chemical Industry Park Wastewater Treatment Plant Project
NWS Holdings Limited ("NWS") through its joint venture Sino French Water Development Company Limited ("Sino French Water"), has established Wuhan Sino French Waste Water Treatment Co. Ltd. ("Wuhan Sino French"), a joint venture with Wuhan Chemical Industry Park ("WCIP" or the "Park"), Degremont Water Treatment Systems (Beijing) Co., Ltd. and Shanghai Chemical Industry Park ("SCIP"). The effective interest of NWS is 21.5% and the ground breaking ceremony for the WCIP wastewater treatment plant was recently held on 5 November 2011.
Under the contract, Wuhan Sino French will design and construct the wastewater treatment plant with forward capacity of 50,000 cubic metres/day and operate it under a 30-year concession. WCIP lies on the Yangtze River with a total site area of 76.64 sq km. The Park will produce and supply petrochemical products throughout central China. Wuhan's 800,000 tonne-a-year ethylene project and ancillary works were approved by the National Development and Reform Commission in 2007. Upon completion, total investment in the Park will exceed RMB 70 billion.
Based on its past experience in operating chemical parks and after analyzing water discharge samples in the SCIP laboratory, Sino French Water designed a fully integrated treatment system to fulfill the necessary standards and requirements which will in turn optimize the success of the chemical industry.
Through joint venture company Sino French Holdings (Hong Kong) Limited, NWS invests in 25 water treatment projects, a sludge treatment plant, two operation & management consulting companies and a waste incineration plant in Mainland China and Macau. They can treat up to 7.01 million cubic metres of water and waste water per day, 540 tonnes of sludge per day and 60,000 tonnes of waste per year. NWS also holds stake in a 61-hectare landfill in Hong Kong and one strategic investment in Chongqing.