Mainboard listed CITIC Envirotech Ltd, a leading membrane-based water and wastewater treatment and recycling solutions provider, announced two initiatives at the Singapore International Water Week (SIWW) that are aimed at strengthening its position as a forerunner in environmental technologies.
Launch of Singapore Envirotech Accelerator
At the SIWW event, CEL reaffirmed its commitment to the development and advancement of environmental technologies with the official launch of its recently incorporated wholly-owned subsidiary, Singapore Envirotech Accelerator Pte Ltd (SEA).
SEA, supported by the Singapore Economic Development Board (EDB), aims to accelerate the innovation and commercialisation of environmental technologies drawn from intellectual properties and Research and Development performed locally and internationally by institutions, industry and technopreneurs. SEA will identify promising Small and Medium-Enterprises (SMEs) to fund and mentor and to bring their innovations to market and eventually for a potential listing on the Singapore bourse.
As part of the launch, the Group has committed to investing S$30 million over four years and employing at least 35 technology personnel for SEA. It has been active in identifying suitable candidates for its accelerator programme and are in advanced talks with a few parties.
“We are pleased to be collaborating with EDB to attract promising SMEs to be based in Singapore, facilitate their growth through the accelerator, enable financial returns on R&D investments and to eventually contribute to the country’s goal to be a global hub for clean technologies,” Mr Hao Weibao, Executive Chairman and Group CEO, said. “As a technology-driven company, the incorporation of SEA supports our corporate mission to be at the forefront of breakthroughs and advancements in environmental technologies. We believe the work done through SEA not only complements CEL’s existing services and technologies, we expect it to introduce new and exciting innovative technologies to the market, building an ecosystem that can bring manifold benefits to all stakeholders.”
“We are delighted that CITIC Envirotech has established Singapore Envirotech Accelerator, which will serve as an Innovation and Commercialisation Centre for Environmental Technology. This is a first-of-its-kind Cleantech open innovation platform in Singapore, and is a valuable addition to our innovation ecosystem that will help accelerate the commercialisation of Cleantech technologies to the region,” Mr Lim Kok Kiang, Assistant Managing Director, EDB, said. “Such initiatives help develop value capture opportunities and create interesting career paths for Singaporeans, while contributing to the environmental sustainability goals of Singapore and the region.”
SEA has put together a five-person Advisory Panel comprising leading industry stalwarts, to guide SEA in its assessment of potential targets to mentor.
“Singapore has made significant investments into its environmental infrastructure and the R&D necessary to keep such applications current and future ready. While such R&D has obviously benefited Singapore in its drive towards being a sustainable city, the industry this has spawned can also benefit the region,” Professor Ng Wun Jern, Senior Advisor to CEO – CEL & SEA, and who is also advisor to many Government Agencies, added “CEL’s intention, through SEA, to support start-ups and SMEs to address the needs of the Singapore market and be ready to reach out to markets beyond Singapore is a commendable effort on the part of a senior industry player.”
Opening of US RO/NF membrane manufacturing plant
In a separate development, the Group’s wholly owned subsidiary Memstar Pte Ltd, which is a founding sponsor of the SIWW, announced the opening of a US$15 million, 40,500 sqft membrane manufacturing facility in Conroe, Texas, United States (U.S.).
This is its first plant outside Asia and it will manufacture Memstar’s latest product, the Memstar Advance Reverse Osmosis (RO) and Nano Filtration (NF) Membrane. The RO/NF membrane is the component that removes salt from water which is the critical process behind desalination, water recycling and many water purification applications.
The launch of the RO/NF Membrane plant marks a significant milestone for Memstar, which is one of the global leading manufacturers of microfiltration (MF) and ultrafiltration (UF) membrane. The RO/NF membrane expands the Group’s manufacturing capabilities and enables it to offer a complete range of membrane filtration products used in water treatment.
“The plant in Texas is a true new innovation, it is a state-of-the-art, purpose-designed and purpose-built RO/NF membrane manufacturing centre of excellence,” Mr Hao said. “It is a stepping stone for the Group’s expansion outside Asia and our goal is to bring our membrane products and membrane-based water treatment solutions to as many countries in the world as we can.”