What ecoWise does

ecoWise Holdings Limited is a Singapore-headquartered, SGX-ST Catalist-listed integrated environmental solutions provider established in 1979. The company operates across Singapore, Malaysia, and China via seven subsidiaries and three core divisions: Resource Recovery (food waste processing into animal feed at Sungei Kadut, biomass fuel preparation and composting at Lim Chu Kang, tyre retreading in Malaysia and China, and rubber compound manufacturing), Renewable Energy (biomass tri-generation power plants at Gardens by the Bay and Sungei Kadut, including Singapore's first registered Clean Development Mechanism project), and Integrated Environmental Management Solutions (consultancy, EPC, and turnkey environmental engineering). Its proprietary biomass tri-generation technology converts wood waste into electricity, heating, and cooling simultaneously, and it has launched consumer-facing brands ecoFeed (organic fish feed from food waste) and ecoWise/Sunrich tyres.

ecoWise generates revenue through four streams: renewable energy generation under long-term contracts (e.g., Gardens by the Bay), resource recovery and waste processing services (transaction fees on food waste, composting, tyre retreading), environmental engineering solutions on a professional services basis, and physical product sales of rubber compounds and retreaded tyres via Sunrich Integrated in Malaysia. Customers span government agencies and statutory boards, industrial and manufacturing clients in rubber and automotive sectors, and (more recently) aquaculture operators. The company sells primarily through direct enterprise sales and government relationships, supported by JV partnerships with state-owned entities (Chongqing CTIG, Beibei District) and channel partners such as Kasan Corporation in Malaysia.

Disclosed FY2017 revenue was SGD 56.05 million with a gross profit of SGD 10.90 million and a near-breakeven net loss of SGD 29,000, a 98.4% improvement from FY2016. Strategic activity in 2017-2021 included new product launches (ecoFeed, ecoWise Tyres, Sunrich Tyres), a new factory in Chongqing (RMB 30M), an aquaculture JV with Rong-Yao Fisheries, and the divestiture of a 51% stake in Saiko Rubber for SGD 5.82 million. The company is led by Chairman/CEO Lee Thiam Seng with Deputy CEO Cao Shixuan overseeing product development and divestiture execution.

Name

ecoWise

Legal name

ecoWise Holdings Limited

Website

https://ecowise.com.sg

Company type

Public

Founded year

1979

Operating status

Operating

Headcount range

101–250 employees

Short description

ecoWise Holdings is a Singapore-listed integrated environmental solutions provider offering waste-to-resource processing, biomass renewable energy, tyre retreading, and environmental engineering services across Singapore, Malaysia, and China to government and industrial clients.

Ownership category

akta.pro rank

Product category

Environmental Services

NAICS

Biomass Electric Power Generation (221117), Cyclic Crude, Intermediate, and Gum and Wood Chemical Manufacturing (325194), Animal Production and Aquaculture (112)

SIC

Cogeneration Services & Small Power Producers (4991), Industrial Organic Chemicals (2860), Forestry (800)

akta.pro primary industry

Material Reuse & Upcycling Services (Non-recycling Transformation) (EUAIANAJ)

akta.pro secondary industries

Heat Recovery & Thermal Integration for Biomass Plants (Economizers, ORC, Heat Exchangers) (EUAAAGAL), Sustainable Rubber & Bio-elastomers (bio-based TPEs, natural rubber innovations) (IMANANAG), Circular Economy & Sustainable Products (Reuse, Repair, Upcycling) (BPAGALAF)

Keywords

• Environmental engineering services
• Waste management solutions
• Renewable energy generation
• Resource recovery services
• Tyre retreading services

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D

Revenue model

1. Renewable Energy Generation: Revenue from biomass power generation, including co-generation plants that supply electricity and thermal energy to commercial facilities. The company operates tri-generation plants in Singapore.
2. Resource Recovery Services: Processing waste into value-added products including animal feed from food waste, composting, and tyre retreading services across Malaysia and China.
3. Environmental Engineering Solutions: Providing end-to-end environmental management solutions including consultancy, EPC (engineering, procurement, construction), and project turnkey services.
4. Rubber Products: Manufacturing and selling rubber compounds and retread tyres through Sunrich Integrated Group of Companies in Malaysia.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

ecoWise provides integrated sustainable environmental solutions spanning resource recovery, renewable energy generation, and end-to-end environmental engineering. The company converts food, horticultural, and wood waste into animal feed, biomass fuel, compost, and energy, while manufacturing retreaded tyres and rubber compounds through its Sunrich subsidiary in Malaysia and China. It also delivers consultancy, EPC and project turnkey services, and operates biomass tri-generation plants such as the one powering Gardens by the Bay in Singapore.

Product overview

ecoWise operates as an integrated sustainable environmental solutions provider organized into three core business divisions: Resource Recovery, Renewable Energy, and Integrated Environmental Management Solutions. The Resource Recovery division encompasses food waste processing into animal feed at Sungei Kadut, biomass fuel preparation and composting at Lim Chu Kang, tyre re-treading operations in Malaysia and China, and rubber compound manufacturing. The Renewable Energy division operates biomass tri-generation power plants including the facility at Gardens by the Bay and co-generation plant at Sungei Kadut. The Integrated Environmental Management Solutions division provides end-to-end environmental engineering services including consultancy, EPC and project turnkey services. The company also produces branded products including ecoFeed organic fish feed and ecoWise/Sunrich tyre brands, serving markets across Singapore, Malaysia, and China.

Differentiator

Problem solved

Functional benefit

Brands

• ecoWise: Main corporate brand for sustainable environmental solutions including resource recovery, renewable energy, and integrated environmental management.
• Sunrich
• ecoWise Tyres
• Sunrich Tyres
• ecoFeed
• ecoWise Rong-Yao Ecotech Park

Products and services

• Resource Recovery Services Waste-to-resource processing including food waste conversion to animal feed at Sungei Kadut, biomass fuel preparation and composting at Lim Chu Kang, tyre retreading in Malaysia and China, and rubber compound manufacturing in Malaysia.
• Renewable Energy Generation (Biomass Tri-generation Power) Co-generation and tri-generation biomass power systems converting wood waste into electricity, heating and cooling. Includes the flagship plant at Gardens by the Bay that powers Singapore's iconic horticultural centre and the co-generation power plant in Sungei Kadut.
• Integrated Environmental Management Solutions End-to-end environmental engineering solutions spanning the waste management value chain, including consultancy, EPC (engineering, procurement, construction), and project turnkey services for industrial waste and energy management clients.
• ecoFeed (Organic High-Protein Fish Feed) High-protein organic fish feed produced by converting food waste through proprietary ecoWise R&D, positioned at approximately 50% lower cost than traditional feed with higher nutritional and protein content for fish health and productivity.
• ecoWise Tyres Proprietary ecoWise-branded tyres launched in China with improved tread contact width, ground pressure distribution, base rubber thickness, sidewall construction and bead wire materials for enhanced safety, durability and fuel efficiency.
• Sunrich Tyres Commercial vehicle tyres under the Sunrich brand in Malaysia, engineered for hot, humid weather and rugged road conditions with improved safety, durability, and reduced fuel consumption.
• Tyre Retreading Services Tyre retreading operations in Malaysia and China producing MS224:2005-certified retreaded pneumatic rubber tyres for passenger cars and commercial vehicles under the Sunrich Integrated Group.
• Rubber Compound Manufacturing Rubber compound manufacturing operations in Malaysia via Sunrich Integrated Group, producing rubber compounds and rubber-based industrial products as part of the regional rubber value chain.

Quantifiable outcome

• 13,280 tons CO2 reduction per annum from biomass plant
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Rong-Yao Fisheries Pte. Ltd.coreStrategic or Co-development Partner · 8 December 2017Framework agreement signed December 8, 2017 for development of integrated environmental eco-park combining aquaculture and agricultural technology. The partnership aims to develop high-quality aquaculture feed using ecoWise's waste conversion technology.
• Chongqing Municipal Transport Development and Investment (Group) Co., Ltd. (CTIG)coreStrategic or Co-development PartnerJoint venture agreement signed to develop future environmental projects in China. CTIG is the largest state-owned transport logistic group in Chongqing.
• Shandong YINBAO Tyre Group Co., Ltd.minorStrategic or Co-development PartnerChinese tyre manufacturer exploring OEM partnership with ecoWise for retread tyres and patented rubber compounds. YINBAO visited operations in Malaysia and Singapore in October 2017.
• Beibei District Government (Chongqing)coreStrategic or Co-development PartnerStrategic Cooperation Framework Agreement signed with Beibei District where ecoWise's JV company CECRT is located. Delegation visits in July 2016 to understand holding company operations.
• Gardens by the BaycoreStrategic or Co-development PartnerLong-term operational partnership for biomass tri-generation power plant that powers the iconic Gardens by the Bay attraction. ecoWise provides renewable energy, heating and cooling services.
• Kasan Corporation (Malaysia) Sdn. Bhd.minorChannel Partner/ Reseller/ DistributorPurchased 51% stake in Saiko Rubber (Malaysia) Sdn. Bhd. from ecoWise subsidiary Sunrich Integrated for RM18 million (S$5.82 million) in April 2021.
• Sino-Singapore Tianjin Eco-City (SSTEC)minorStrategic or Co-development PartnerSino-Singapore government joint venture eco-city project. Officials visited ecoWise biomass plant in May 2016 to explore sustainable solutions for the eco-city development.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Hyflux Ltd: Singapore-based integrated water and environmental solutions company, historically a direct peer to ecoWise in SGX-listed environmental engineering and resource recovery. Both target government and industrial clients in Singapore and the region with project-based environmental infrastructure offerings.
• Marangoni S.p.A. Italy-based global leader in tyre retreading technology, materials, and machinery. Direct peer to ecoWise's Sunrich and Sun Tyre Industries retreading operations, supplying competing retread compound, tread rubber, and retreaded tyres into ASEAN and global commercial-vehicle markets.
• Daiseki Co., Ltd. Japan-listed environmental solutions company specializing in industrial waste collection, recycling, and resource recovery. Closely comparable to ecoWise's resource recovery and waste-to-product model in an Asian developed-market context.
• Asia-Pacific Strategic Holdings (formerly CITIC Envirotech): Singapore Catalist-listed environmental services and engineering group with a strong China operating footprint. Direct peer to ecoWise's biomass-power and environmental EPC businesses, competing for similar municipal and industrial waste-to-resource mandates across the region.

Broad incumbents

• Enviva Inc. US-listed producer of wood pellets and biomass-derived fuel for power generation. A broad incumbent in the biomass-energy value chain, comparable to ecoWise's biomass tri-generation and biomass fuel preparation businesses in commercial and policy dynamics.
• China Everbright Water Limited: Hong Kong-listed environmental services group (part of China Everbright) operating biomass, waste-to-energy, and water projects across China. Comparable to ecoWise's Chinese renewable energy and environmental EPC operations, though at materially larger scale and with SOE backing.
• Sembcorp Industries: Large Singapore-listed environmental and energy platform with significant renewable energy, waste-to-resource, and water operations across Asia. A broad incumbent that overlaps with ecoWise across biomass/CHP and integrated environmental management solutions, though at much larger scale.
• Drax Group plc: UK-listed renewable power generator, the world's largest biomass-fired power station operator. Comparable to ecoWise's biomass tri-generation model in commercial logic, policy exposure, and CDM/carbon-credit framework, though at vastly larger scale.
• Veolia Environnement: Global leader in environmental services (waste management, resource recovery, water, energy). A broad incumbent relevant to ecoWise's resource recovery, biomass energy, and integrated environmental management offerings in Asia.
• SUEZ: Global water and waste management group with a significant Asia-Pacific footprint. Comparable to ecoWise in resource recovery, circular economy services, and biomass/CHP renewable energy offerings, though at global scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ecoWise