United Envirotech said its 70% owned subsidiary, United Envirotech Water (Changyi) Co Ltd, has agreed to acquire two industrial wastewater treatment plants in Changyi City, Shandong province, China.
The two treatment plants are located at two industrial parks in Changyi City. The Phase I capacities of the plants are 40,000 cubic metres/day and 30,000 cubic metres/day respectively.
Both plants will eventually have a total treatment capacity of 60,000 cubic metres/day each upon completion of Phase II.
The total investment for Phase I of the plants is estimated to be RMB 220 million ($43.4 million).
The treatment plant with the capacity of 40,000 cubic metres/day currently treats wastewater generated from chemical industries and slaughter houses. The 30,000 cubic metres/day plant treats mainly textile industrial wastewater.
Both plants will be upgraded using our Membrane Bioreactor (MBR) technology immediately after the completion of acquisition to meet the more stringent discharge standard imposed by the local government.
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