Media Releases

Sembcorp Industries (Sembcorp) broke ground for its latest logistics property, Sembcorp Logistics Park Quang Ngai, the first modern ready-built warehouse in Central Vietnam today.

Sembcorp Industries (Sembcorp) announces that it has, through its wholly-owned subsidiary Sembcorp Energy (Shanghai) Holding Co., Ltd. signed definitive agreements with Wuling Power Co., Ltd. (Wuling Power), an affiliated company of State Power Investment Corporation Limited (SPIC), to acquire a 45.3% interest in Hunan Xingling New Energy Co., Ltd.

Sembcorp Industries (Sembcorp) will be launching its carbon management solutions corporate venture, GoNetZero™, today at the Singapore Pavilion at the 27th United Nations Climate Change Conference (COP27) in Egypt. The establishment of GoNetZero™ complements Sembcorp’s offering as a leading pan-Asian renewable energy player. By offering one-stop access to renewable energy certificates and carbon credits as well as renewable energy and environmental attribute portfolio management, GoNetZero™ works with its customers to support their corporate climate action plans.

Sembcorp Industries (Sembcorp) announces that its wholly-owned subsidiary, Sembcorp Green Infra Limited, has signed an agreement with India Infrastructure Fund II, a fund managed by Global Infrastructure Partners India Pvt Ltd, to acquire 100% interest in Vector Green Energy Private Limited (Vector Green) for a base equity consideration of approximately INR27.8 billion (approximately S$474 million).

Sembcorp Industries (Sembcorp) and Singapore Polytechnic (SP) marked the opening of the SP-Sembcorp Solar PV Research Lab and Singapore’s first end-to-end solar PV pilot demonstration recycling line. The launch was officiated by Senior Minister of State for Sustainability and the Environment, Dr Amy Khor, at SP’s Regional Industry Networking Conference (RINC) held at the SP Convention Centre.

Sembcorp announced today that it has entered strategic partnerships with the Japanese government and various corporations, to progress hydrogen and other decarbonisation initiatives. The hydrogen supply chain will be a prominent focus across all partnerships.

Sembcorp Development, a wholly-owned subsidiary of Sembcorp Industries, has received the investment licence to develop a new industrial park in Vietnam’s Can Tho City. The 293.7-hectare industrial park in Can Tho will be operated by the Vietnam Singapore Industrial Park (VSIP) Group. Sembcorp is the joint master developer of the VSIP projects together with its long-standing partner Becamex IDC Corporation.

- Proposed sale accelerates the transformation of Sembcorp's portfolio from brown to green - Transaction structure preserves value for shareholders and protects the interests of SEIL's multiple stakeholders, while ensuring continuity of highest operations standards and best practices at SEIL - Stable transition to a proven and trusted long-term partner - Sembcorp will continue to support SEIL's operational excellence and initiatives to reduce its greenhouse gas emissions intensity, through a technical service agreement and provision of a financial incentive that rewards reduction in emissions intensity

For the first half of 2022 (1H2022), Sembcorp Industries recorded a turnover of S$4.8 billion, up 45% from S$3.3 billion in 1H2021. Group net profit before exceptional items increased 94% to S$490 million, with higher contributions from the Renewables and Conventional Energy segments.

Sembcorp Development, a wholly-owned subsidiary of Sembcorp Industries, held the groundbreaking ceremony for the third expansion of the Vietnam Singapore Industrial Park in Binh Duong Province of Vietnam, referred to as VSIP Binh Duong III. The ceremony was witnessed by Vietnam Prime Minister Pham Minh Chinh, signifying the continued support of the Vietnamese government for the well-established VSIP projects as a driver of industrial development in the country.

Sembcorp Industries (Sembcorp) is pleased to announce that it has inked several partnerships to develop a range of energy and urban solutions that will support Vietnam’s energy transition and sustainable development. The areas of collaborations include: • Sustainable industrial park development; • Sustainable and reliable power system; • Renewable energy and technology; and • Skills and capabilities building.

Sembcorp Industries delivered a strong performance for the full year of 2021 (FY2021). Turnover was S$7.8 billion, 43% higher than the turnover of S$5.4 billion in FY2020. Group net profit increased 78% to S$279 million from S$157 million in FY2020 while Group net profit before exceptional items increased 57% to S$472 million arising from higher contributions across all segments.

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