Metito Utilities, a worldwide investor, developer, and operator specializing in sustainable water management solutions and climate-resilient water assets, has announced a major expansion into China by establishing a regional headquarters in Dalian, Liaoning Province.
This move is complemented by a significant agreement with the Administrative Committee of Dalian Changxing Island Economic and Technological Development Zone to develop essential water infrastructure on Xizhong Island, a key center for integrated refining and chemical production.
With an initial investment of $20 million in its Dalian headquarters and an estimated $150 million allocated for large-scale water infrastructure projects, Metito Utilities is solidifying its long-term presence and strategic growth plans in China.
This expansion signifies Metito Utilities’ return to the Chinese market after more than six years, emphasizing its dedication to providing sustainable water solutions in key global markets. Xizhong Island, situated within the Dalian Economic and Technological Development Zone, is a significant industrial center projected to reach a refining capacity of 40 million tons per year by 2030. With ambitious goals of producing 10 million tons of aromatics and 10 million tons of ethylene annually, ensuring a reliable and sustainable water supply is essential.
Source :Metito Utilities
