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S'pore boosts water security with 5th NEWater plant

SINGAPORE took another step towards strengthening its water security on Wednesday with the opening of its fifth NEWater plant - also the first involving an overseas company. The plant, built on top of the existing Changi Water Reclamation Plant, will add 228,000 cubic metres, or 50 million gallons per day (mgd), of high-grade recycled water every day to Singapore's water supply, mainly for indust...


SIIC's S$220m placement could open door to more deals

SIIC Environment Holdings' S$220 million private placement to its controlling shareholder could put the water and waste treatment company in position to pursue more strategic investments, a DBS analyst said. SIIC said late Monday that it would issue 350 million new shares at 63 Singapore cents apiece to Shanghai Industrial Holdings Ltd (SIHL), which already controls a 37.6 per cent stake in SIIC...


Electric cars will impact oil demand less than vehicle efficiency: BP

COULD growth in electric vehicles dent oil demand growth significantly? Not as much as gains in vehicle efficiency, according to BP chief economist Spencer Dale. In a post on the company's website, Mr Dale said that the pace of gains in vehicle efficiency will have a greater impact in curbing oil demand growth than an increase in electric vehicles. Passenger vehicles have become increasingly effi...


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