Towngas made its maiden investment in water services in the Greater Bay Area in October 2018, paying 550 million yuan (US$78.6 million) for a 26 per cent stake in Foshan Water Environmental Protection. Photo: Handout
Towngas made its maiden investment in water services in the Greater Bay Area in October 2018, paying 550 million yuan (US$78.6 million) for a 26 per cent stake in Foshan Water Environmental Protection. Photo: Handout

exclusive | Towngas eyes waste-to-energy projects in Greater Bay Area as China pushes for environmentally friendly development

  • Towngas plans to expand its presence in the Greater Bay Area’s water supply, waste water treatment, municipal waste processing and waste-to-energy businesses
  • Plans are under way to move into the waste-to-energy business in Changzhou and expand current operations in Suzhou

Towngas made its maiden investment in water services in the Greater Bay Area in October 2018, paying 550 million yuan (US$78.6 million) for a 26 per cent stake in Foshan Water Environmental Protection. Photo: Handout
Towngas made its maiden investment in water services in the Greater Bay Area in October 2018, paying 550 million yuan (US$78.6 million) for a 26 per cent stake in Foshan Water Environmental Protection. Photo: Handout

Corrected [11:10am, 17 Jul, 2020]

  • [11:10am, 17 Jul, 2020]

    Corrects year of career in the fifth paragraph.

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