CITIC Envirotech Ltd.
SEA’s parent company, CITIC Envirotech Ltd. (CEL) is a holding company incorporated in Singapore and has been listed on the Mainboard of the Singapore Exchange Limited since 2004. The company is currently one of the leading membrane-based water and wastewater treatment and recycling solution providers. The fully owned subsidiary, Memstar Pte Ltd. is the largest PVDF hollow fibre membrane manufacturer in Asia with the capacity of 10,000,000 m2/year.
CEL has 4 primary business divisions:
Engineering, Procurement and Construction (EPC) in water & wastewater treatment and recycling
Investment in environmental related projects
Hazardous Waste Treatment
Advanced Membrane Manufacturing
(Microfiltration (MF), Ultrafiltration (UF), Nanofiltration (NF) and Reverse Osmosis (RO))
Its major shareholders are CITIC Environment Investment Co Ltd., a wholly-owned subsidiary of CITIC Limited and China Reform Fund Envirotech Co., Ltd. CITIC Group is the largest state-owned multinational conglomerate with USD 1 Trillion assets and CEL is the flagship platform for CITIC Limited to develop and strengthen its water and environmental businesses. China Reform Fund provides an additional resource for financing and strategic business network.
With significant access to market intelligence and strong financial background, CEL potentially offers an unparalleled platform to fuel technology commercialization. CEL’s own projects and operating plants are potential test bedding sites for new applications, which can support the SME’s in developing scalable solutions and establishing track records (both in terms of technology customers and revenue growth).
CEL’s sponsorship and endorsement will attract financing through private equity and other sources to co-invest in technology commercialization. Its group of businesses are able to promote technology application and facilitate the flow of funds.