“We are proud to have inspired others to create new possibilities in the city’s infrastructure. As a pioneer in providing influential and innovative engineering and solutions, our ability to solve the most complex construction problems, and deliver the most challenging projects, is well-documented,” said Andy Kwok, Managing Director, Black &Veatch Hong Kong. The HSBC x HKET Innovative Business Award is organized by HSBC Commercial Banking and Hong Kong Economic Times (HKET). It recognizes Hong Kong businesses which have successfully grown beyond boundaries through innovation and technology. The organizers received more than 200 entries for the awards. This award reflects Black & Veatch's long-term commitment to improve Hong Kong’s living environment and promote industry innovation. Highlights of its commitment are: Happy Valley Underground Storm Water Storage Scheme, a 60,000 m3 storage tank underneath the infield area of the racecourse at Happy Valley. The project won the Innovation and Creativity Grand Award of the 2017 Hong Kong Awards for Industries, East Asia Region, Grand Prize in the Planning category of the 2012 International Water Association Project Innovation Awards and Second Prize in the Mainland China Da Yu Hydraulic Technology Award Tai Po Water Treatment Works, which won the “Top Winner Award" of the CIC Sustainable Construction Award 2018 and Global Grand Prize of the 2006 International Water Association Project Innovation Awards (Design Projects) Aviation Fuel Submarine Pipeline at Hong Kong International Airport, which won the International Society of Trenchless Technology 2018 No-Dig Award for deployment of the 5.2 kilometres twin 500 millimetres diameter aviation fuel pipeline Matthew Cheung, Chief Secretary for Administration, HKSARG, presented the prizes during the Award Presentation Dinner. Editor's Notes: Click here to download a photo of the award ceremony. Black & Veatch has played an integral role in developing Hong Kong water supply since 1930. The company continues to work on a number of flagship water projects in Hong Kong including the development of a sustainable design to reduce the burden on fresh water and use of energy at the expansion of Hong Kong International Airport. Media Contact: EMILY CHIA | +65 6761 3511 p | +65 9875 8907 m | ChiaLP@BV.com24-HOUR MEDIA HOTLINE | +1 866 496 9149 0 About Black & Veatch Black & Veatch is an employee-owned, global leader in building critical human infrastructure in Energy, Water, Telecommunications and Government Services. Since 1915, we have helped our clients improve the lives of people in over 100 countries through consulting, engineering, construction, operations and program management. Our revenues in 2017 were US$3.4 billion. Follow us on www.bv.com and in social media. Related Insights FLNG Solutions Prove To Be Much More Than Potential It was roughly a decade ago when the initial introduction of floating liquefied natural gas (FLNG) solutions sought to help bring uneconomic gas reserves offshore, such as those in remote locations, to the market. Over the past few years, however, we’ve watched as offshore FLNG capabilities have moved closer to the mainland, offering a very flexible and economical solution to operators looking to offload their supply around the world. Four Big Trends in Gas-to-Power Hold Promise for U.S. Market Major energy shifts are afoot, and the United States will play a critical role going forward. The EIA projects that by 2022, the U.S. will become a net energy exporter, according to its newly released Annual Energy Outlook 2018. For natural gas, this shift will happen even earlier, around 2020, the EIA says. Market Strives to Deliver Over Pipeline Challenges As if the persistent low-price environment wasn’t enough, rampant natural gas production in the Appalachian and Permian Basins is ramping up concern that pipeline take-away capacity can’t keep up. This comes as the United States natural gas industry prepares to enter one of its strongest growth periods to date, driven by increasing global demand for low cost natural gas supplies and growing domestic demand for cleaner energy sources. Southeast Asia’s Journey Toward a Cleaner Energy Future Strong economic growth, low gas prices and environmental goals are transforming natural gas demand in Southeast Asia. Liquefied Natural Gas Continues Growth Trajectory While Challenges Linger In the United States, it’s become somewhat of a modern gold rush: drillers racing to free deeply trapped natural gas to quench rising global demand, fueled by an accelerating migration away from coal and the desire for cleaner-burning, greener power options.