Hyflux stock advanced 7.1% today on news that a Hyflux-Mitsubishi consortium has won the bid to build a waste-to-energy installation. The consortium will also run the waste-to-energy installation when it is completed. While having a waste-to-energy installation in Hyflux portfolio may strengthen the environmental solutions of Hyflux, I must say that waste-to-energy installation may not always be good for the bottomline of Hyflux. Why is that so since with Singapore’s growing population, there is bound to be more refuse? Well, it all has to do with our government’s aim to reduce waste and promote recycling. I also understand that the ultimate goal of our government is towards a “zero waste” nation. If there is less refuse to be burnt in the future for Singapore, this may not be good for the profit of Hyflux’s waste-to-energy installations. We must also understand that there are also competitors in Senoko Waste-To-Energy plant, ......