(Yicai Global) Oct. 17 -- A subsidiary of Suzhou Thvow Technology Co. [SHE:002564] has won a CNY26.4-million (USD4-million) contract from Hengli Petrochemical Dalian Refining and Chemical Co. for the provision of seawater desalination equipment, the former said in a press briefing.
Thvow Technology will work with Hengli Petrochemical's designated project contractor, DEC Dongfang Boiler Group Co., on the equipment supply.
Prospects in the seawater desalination equipment market are promising, Thvow Technology said. The contract marks the first time the company has entered the desalination sector, a milestone in its efforts to diversify its product mix.
The desalination plant will support Hengli Petrochemical's Dalian refinery project in northern China's Liaoning province, which will produce 20 million tons of chemical products per year.