Media Releases

Sembcorp Industries (Sembcorp) announces that its wholly-owned subsidiary Sembcorp Utilities has entered into a non-binding term sheet with its local Indian partner, Gayatri Energy Ventures Pte Ltd (GEVPL), a wholly owned subsidiary of Gayatri Projects Limited (GPL), to acquire the remaining 5.95% stake in Sembcorp Energy India Limited (SEIL). Following the completion of the proposed acquisition, Sembcorp will become the sole owner of SEIL.

Sembcorp Industries (Sembcorp) posted a net profit of S$262 million for the first nine months of 2019 (9M2019), up 9% from S$241 million in 9M2018. Turnover was S$7.3 billion compared to S$9.1 billion in 9M2018, mainly due to lower revenue recognition from rigs and floaters and offshore platform projects for the Marine business.

Sembcorp Industries (Sembcorp) today announced the launch of ‘ezi’, a mobile application that provides a more convenient way of recycling in Singapore.

SATS Ltd. (SATS), Asia’s leading provider of Food Solutions and Gateway Services, and Sembcorp Industries (Sembcorp), a trusted global integrated energy company, have signed a Memorandum of Understanding (MoU) for the development of a suite of integrated solutions to help SATS reduce its environmental footprint across several facilities. This will bring SATS a step towards achieving its sustainability goal of 80% reduction in its carbon footprint by 2030.

Globally, the energy sector is evolving, driven by technological advances and climate change. Distributed energy resources (DERs) such as solar and energy storage systems today complement traditional power plants which generate electricity centrally. Electricity produced from these energy resources at end users’ premises can be coordinated intelligently like a “single utility-scale power station”. Such a concept is known as a Virtual Power Plant (VPP).

VSIP shareholders, Becamex IDC Corporation and Sembcorp Development, are investing further in energy and utilities related solutions such as renewable energy, waste-to-energy, wastewater treatment and water recycling to drive sustainable development, resource efficiency and circular economy practices.

Sembcorp Smart Energy Solutions Vietnam (Sembcorp), a newly incorporated wholly-owned subsidiary of Sembcorp Industries is pleased to announce it has signed a joint venture agreement with Becamex IDC Corporation (Becamex) and Vietnam Singapore Industrial Park J.V. Co (VSIP) to introduce a new generation of sustainable smart energy solutions to Vietnam.

Sembcorp Industries (Sembcorp) and global financial institution UBS are pleased to announce that they have signed a long-term solar energy deal in Singapore. As part of this deal, Sembcorp will provide locally-sourced renewable power to support UBS Singapore’s operations over the next ten years.

Sembcorp Industries (Sembcorp) posted a net profit of S$191 million for the first half of 2019 (1H2019), up from S$159 million in 1H2018, on improved performance from the Energy business. Turnover was S$4.9 billion compared to S$6.1 billion in 1H2018.

Sembcorp Industries (Sembcorp) and Cache Logistics Trust (Cache) are pleased to announce the successful on-target completion of a 8.0 megawatt-peak rooftop solar farm built, owned and operated by Sembcorp at three logistics warehouses in Singapore owned by Cache. All three systems have been connected to Cache’s facilities and are currently in operation.

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