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
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

Topic |   Greater Bay Area
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
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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