SINGAPORE (Sept 4): CITIC Envirotech has secured a hazardous waste treatment project in China’s Binzhou City for a total investment of RMB 315 million ($65.2 million).

Under the project, CITIC will acquire the entire 100% shareholding of Shandong Yunshui Jili Environment Protection Co., which owns the licenses and land required for a hazardous waste treatment facility in Binzhou City, for RMB 55 million.

In addition, the group will invest RMB 260 million for the construction and the completion of the facility.

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