Keppel Infrastructure’s environmental solutions arm is buying an 18.18% stake in the Zerowaste Asia group of companies, a Singapore-based waste and wastewater treatment firm.
Keppel Seghers said it has entered into an agreement with Zerowaste Asia to invest S$5m (€3.3m) for the stake in the environmental solutions provider.
Zerowaste Asia has a presence in Singapore and China.
Tan Boon Leng, executive director in charge of environmental infrastructure at Keppel Infrastructure, said, “Our strategic investment in Zerowaste Asia creates synergies with and opens up new possibilities for the Keppel Group as a provider of solutions for sustainable urbanisation.
Keppel Seghers has a strong track record in waste and wastewater treatment solutions. Zerowaste Asia’s proprietary technology will further enhance our solutions, cement our position as a leading provider of environmental solutions, and allow us to contribute further to a circular economy through the treatment and recycling of residual waste.”