Media Releases

Asia’s leading sustainable urban development providers, Ascendas-Singbridge Andhra Investment Holdings and Sembcorp Development India, have, through their wholly-owned joint venture company, Singapore Amaravati Investment Holdings, formalised their collaboration with the State Government of Andhra Pradesh (SGOAP) to jointly master develop Amaravati Capital City Start-up Area in India with Amaravati Development Corporation, an agency of the SGOAP.

Sembcorp Industries (Sembcorp) is pleased to announce that it has reached an agreement to acquire UK Power Reserve (UKPR), the UK’s largest flexible distributed energy generator, for £216 million (approximately S$385 million). The deal marks a major step in line with Sembcorp’s new strategy to position itself for the global energy transition, grow its merchant energy capabilities, and build an integrated energy business in the UK.

Sembcorp Industries (Sembcorp) announces the appointment of a new Group Chief Financial Officer (CFO), Mr Graham Cockroft, who will join the company on September 3, 2018.

Sembcorp Industries (Sembcorp) is pleased to announce it has committed a sponsorship of US$200,000 (S$268,920) to UNLEASH 2018, a global innovation programme hosted in Singapore from May 30 to June 6, 2018. The programme is aimed at creating solutions to help achieve the United Nations Sustainable Development Goals (SDGs).

Sembcorp Industries (Sembcorp) announces that its wholly-owned subsidiary, Sembenviro Recycling, has signed an agreement to divest its 60% stake in Sembcorp Tay Paper Recycling (Sembcorp Tay Paper) to Tay Paper Resources, for a sale consideration of S$6 million. The consideration was arrived at taking into account the earnings and book value of the business and the relevant transaction multiples.

Sembcorp Industries (Sembcorp) announces that its wholly-owned subsidiary, Sembcorp Environment, has signed an agreement to divest its assets and businesses under its medical waste division in Singapore to TEE Medical Services, for S$20 million.

FSO Ailsa, the world’s first Floating Storage and Offloading (FSO) vessel with a 40-year hull lifespan, will set sail next month for the Culzean gas field in the UK North Sea.

Sembcorp Industries (Sembcorp) posted a net profit of S$76.6 million and a turnover of S$2.8 billion for the first quarter of 2018 (1Q2018) compared to S$116.3 million and S$2.1 billion in 1Q2017 respectively.

Sembcorp Industries (Sembcorp) is pleased to announce that its wholly-owned subsidiary, Sembcorp Utilities, has signed a memorandum of understanding (MOU) with the People’s Committee of Quang Ngai Province (Quang Ngai PC) today at the Viet Nam – Singapore Business Dialogue 2018 in Singapore.

The Climate Change Strategy outlines what Sembcorp sees as key drivers of the energy transition and why climate change matters to Sembcorp. It then explains how the company evaluates and responds to the various risks and opportunities posed by climate change and the emergence of the low-carbon economy, and its key climate change metrics and targets. It provides details on Sembcorp’s plans to reduce the negative impact of its operations through reducing its emissions and investing in the latest technologies to improving energy efficiency; as well as its plan to enhance its positive impact as a company by focusing on growing its gas and renewables portfolio and green business lines, and exploring new business models, products and services. In addition, the company has also articulated its policy stance going forward on certain issues which includes its decision to restrict investments in coal-fired power plants.

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