@stockrock. In a word, yes. BEWG's playing in the premier...

@stockrock. In a word, yes. BEWG's playing in the premier league. Its expertise is in handling complexities and large scale projects.

However, I must temper our enthusiasm. One single project cannot be made up of all MABRs only. From reading the case study above, and link below, and following the industry for the last few years, BOTs like BEWG use a combination of treatment methods and solutions including A20, MABR and even MBR, or a combination of these depending on conditions on the ground, in-fluent types etc. They too want to diversify over-reliance on one supplier. Besides, BEWG has their own MBR plant.

For a brief description of the various types of technologies BEWG employs, see this https://www.bewg.net/en/xwzx/jtxw/2018/09/12/542.html.

https://www.bewg.net/uploadfile/2021/0528/20210528110529690.pdf. BEWG is a behemoth, yet it is more dynamic than the other national SOEs. Have a read of their of Sustainability Report 2020, and you can get that feel that it is more a publicly owned co than a SOE.

On spending on new capacity, it is absolutely the last resort. They will try to schedule production, take on another shift etc before spending money on capex. FLC's CEO of China runs quite a tight ship. As I have said before, we are quite lucky to have him on board.