Sino-Singapore Nanjing Eco Hi-Tech Island Development Co., Ltd. and Bayer MaterialScience join forces for sustainable construction

In this past December, the Singapore Nanjing Eco High-Tech Island Development Co., Ltd. And Bayer MaterialScience signed a Memorandum of Understanding (MOU) for collaboration on future projects related to Bayer’s EcoCommercial Building (ECB) program.

The MOU promises collaborative construction on low energy and sustainable buildings – the essence of Bayer’s EcoCommercial Building initiative. The focus of the partnership is the development of the New Horizon Eco Hi-Tech Park, an energy efficiency and economical office building located on Jiangxinzhou Island, Nanjing, which will act as the pilot project for further construction initiatives.

The Singapore Nanjing Eco High-Tech Island Co. is a joint venture between the CPC Jiangsu Committee consisting of Singaporean companies and investors from Nanjing, the Jiangsu Provincial Government and the Ministry of Trade and Industry of Singapore. As part of the MOU, the development conglomerate invested a total RMB 100 billion in Jiangxinzhou Island for EcoCommercial Building projects covering 15 square kilometers. By leveraging the Singaporean Ministry of Trade and Industry’s vast experience in developing successful and progressive real estate projects, the investment scheme is strongly positioned to achieve Nanjing’s environmentally sustainable vision for Jiangxinzhou Island.

Bayer Material Science is one of the world’s largest producers of polymers and high-performance plastics, providing a wealth of innovative and sustainable materials for various industries. As an integral part of the Bayer Climate Program, Bayer’s ECB program is dedicated to providing energy efficient and cost-effective solutions to decisionmakers in the construction industry. The ECB program enables Bayer MaterialScience to support the construction industry’s shifting market demand for low and zero energy buildings by providing the materials and blueprints for developing energy self-sufficient buildings.

The MOU represents an alliance of two eco-conscious companies, who share a vision to provide first-rate and integrated solutions for sustainable buildings on Nanjing’s Jiangxinzhou Island. Dr. Klaus Schaefer, President of Bayer MaterialScience China, explained, “We are delighted to share our commitment and vision for a sustainable construction industry with the Nanjing Eco Hi-Tech Island This ideal is central to Bayer’s ECB program, making this MOU a source of great joy and pride. It always gives us great pleasure to see an energy efficient building added to the exceptional list of energy conserving buildings across the world.”

The Singapore Nanjing Eco High-Tech Island Development Co., Ltd. is equally enthusiastic, “Energy efficient buildings combine both ecological concerns with architectural styles. We are greateful for partnering with Bayer MaterialScience and that we found each other. New Horizon Eco Hi-Tech Park, the first project on our island, will be an exemplary demonstration for the possibilities of energy conserving technology.”

Dr. Michael Voigt, Director of Bayer ECB China, said, “It’s a win-win for both parties to collaborate on the development of energy efficient buildings. This partnership opens up a golden opportunity for future collaboration in low carbon construction technologies. Apart from its uniqueness, sustainable buildings will add considerable value for the eco high-tech island.”

As a part of the collaboration, both companies will also launch a special study on environmental and energy evaluation on buildings and a monitoring system of energy consumption will be set up for real time inspection. Evaluations will be conducted on buildings based on current energy efficiency standards. The successful experience of energy efficient buildings will be applied throughout the industry and in other projects on the Eco High-Tech Island.

As the demand for sustainability and eco-friendly development is gaining ground in China, companies are competing to increase construction of energy efficient buildings, contributing to the development of an environmentally friendly future.

Forward-Looking Statements

This press release may contain forward-looking statements based on current assumptions and forecasts made by Bayer Group or subgroup management. Various known and unknown risks, uncertainties and other factors could lead to significant differences between the actual future results, financial situation, development or performance of the company and the estimates given in the aforementioned forward-looking statements. These factors include those discussed in Bayer’s public reports which are available on the Bayer website at www.bayer.com.cn. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.


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