CITIC Envirotech Ltd
CITIC Envirotech Ltd (“CEL”, “Group”) is a leading membrane-based integrated environmental solutions provider specializing in water and wastewater treatment, water supply and recycling. It is also engaged in sludge and hazardous waste treatment as well as river restoration. CEL undertakes both turnkey and investment projects as well as provides plant operation and maintenance services in water and environmental projects. CITIC Envirotech Ltd has built up a stellar track record with more than 100 MBR references in various parts of China and in Southeast Asia. Our membrane-based advanced water system has been used in water and wastewater treatment and wastewater reclamation with an established track record in the chemical, petrochemical, municipal and industrial park sectors. It currently has about 2,000 employees and over 80 subsidiaries located in Singapore, China, USA, Malaysia and Indonesia.
Its major shareholders are CITIC Environment Investment Co Ltd, a wholly-owned subsidiary of CITIC Limited (“CITIC”) and China Reform Fund Envirotech Co., Ltd (“CRF”).
CITIC is the largest conglomerate in the PRC with businesses that include financial services, resources and energy, manufacturing, real estate and infrastructure, engineering contracting, and other businesses in the People’s Republic of China (“PRC”) and overseas. CITIC Envirotech Ltd is the flagship platform for the CITIC group to develop and strengthen its water and environmental businesses.
CRF is a joint venture between CRF Envirotech Fund L.P. and China Reform Conson Soochow Overseas Fund I L.P., which are in turn sponsored mainly by China Reform Holdings Corporation Ltd (“CRHC”). CRHC, a wholly stated-owned investment company plays a unique and crucial role in China’s state-owned assets management and restructuring process.
CEL’s wholly-owned subsidiary, Memstar Pte Ltd is one of the largest advanced membrane manufacturers in the world, specializing in PVDF hollow fibre Ultrafiltration (UF) and Microfiltration (MF) membranes. It also manufactures flat sheet Nanofiltration (NF) and Reverse Osmosis (RO) membranes.
CEL has a strong track record as a technologically-driven company with solid core expertise and has designed and built several of the largest treatment plants in Asia using its proprietary Membrane Bioreactor (MBR) and Continuous Membrane Filtration (CMF) technologies. It serves a strong and prominent customer base including petrochemical giants like China Petrochemical Corporation (“Sinopec”), China National Petroleum Corporation (“CNPC”), China National Offshore Oil Corporation (“CNOOC”), industrial parks and municipalities.
The Group is listed on the main board of the Singapore Stock Exchange with a market capitalization of more than SGD 1.5 billion. It has invested in more than 60 water plants across 11 provinces in the PRC and Asia, with a total design capacity of more than 6 million m3/day.
The Group’s history dates back to 1996, when Dr Lin Yucheng (currently CITIC Envirotech’s Group CEO and Executive Director) started NOVO Environmental Technology Services Pte Ltd, a subsidiary of Productivity and Standards Board (PSB) Corporation. Through a business buy-out, Dr Lin founded United Envirotech Ltd and the company was listed on the mainboard of Singapore Stocks Exchange since 2004. United Envirotech Ltd changed its name to CITIC Envirotech Ltd on 30 July 2015.