Sembcorp Industries is a

Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...

an state-owned

energy Energy () is the physical quantity, quantitative physical property, property that is transferred to a physical body, body or to a physical system, recognizable in the performance of Work (thermodynamics), work and in the form of heat and l ...

and

urban development Urban means "related to a city". In that sense, the term may refer to: * Urban area, geographical area distinct from rural areas * Urban culture, the culture of towns and cities Urban may also refer to: General * Urban (name), a list of peop ...

company. Sembcorp's marine division provided a variety of services, including the engineering and construction of

offshore platform An oil platform (also called an oil rig, offshore platform, oil production platform, etc.) is a large structure with facilities to extract and process petroleum and natural gas that lie in rock formations beneath the seabed. Many oil platforms wi ...

s for

oil extraction Petroleum is a fossil fuel that can be drawn from beneath the Earth's surface. Reservoirs of petroleum are formed through the mixture of plants, algae, and sediments in shallow seas under high pressure. Petroleum is mostly recovered from oil ...

, until it was

demerge A demerger is a form of corporate restructuring in which the entity's business operations are segregated into one or more components. It is the converse of a merger or acquisition. A demerger can take place through a spin-off by distributing or ...

d from Sembcorp in 2020 following poor financial performance. Sembcorp currently has an energy portfolio of over 12,600 MW, with more than 2,600MW of renewable energy capacity globally. The company also develops raw land into urban developments. Sembcorp is listed on the main board of the

Singapore Exchange Singapore Exchange Limited (SGX Group) is a Singapore-based exchange conglomerate, operating Equity (finance), equity, fixed income, currency and commodity markets. It provides a range of listing, trading, clearing, settlement, depository and ...

. It is a component stock of the Straits Times Index and sustainability indices including the FTSE4Good Index, the Dow Jones Sustainability Asia Pacific Index and the iEdge SG ESG indices. In March 2020, it was announced that Sembcorp was replacing their CEO. Sembcorp did not declare an interim dividend for 1H 2020, instead choosing to defer any decision regarding payment of dividends for the fiscal year 2020 until the end of the year. In June of the same year, trading was halted for Sembcorp as well as

Sembcorp Marine Seatrium Limited provides innovative engineering solutions to the global offshore, marine and energy industries. Headquartered in Singapore, the Group has over 60 years of track record in the design and construction of rigs, floaters, offshore p ...

, a loss-making subsidiary whose shares had declined by 36% in 2020. Representatives from both companies declined to comment. Between 11 June and 24 July 2020, Sembcorp Industries' share price declined by 11%.

Singapore

Sembcorp owns and operates the largest NEWater plant in Singapore, and provides solid waste management services. It is the only established power gentailer (generation-affiliated retailer) in Singapore to offer renewable energy. Sembcorp also has 250MWp of

renewable energy Renewable energy (also called green energy) is energy made from renewable resource, renewable natural resources that are replenished on a human lifetime, human timescale. The most widely used renewable energy types are solar energy, wind pow ...

capacity in operation and under development.

China

Sembcorp operates power generation, industrial water and

wastewater treatment Wastewater treatment is a process which removes and eliminates contaminants from wastewater. It thus converts it into an effluent that can be returned to the water cycle. Once back in the water cycle, the effluent creates an acceptable impact on ...

facilities, and sustainable urban developments. Sembcorp is an investor in the China-Singapore Suzhou Industrial Park, Wuxi-Singapore Industrial Park, International Water Hub and Singapore-Sichuan Hi-tech Innovation Park. In November 2023, Sembcorp announced it would acquire 200 MW of operational wind power assets from Qinzhou Yuanneng for S$130 million.

India

Despite their commitment to renewable energy in China and Singapore, Sembcorp constructed a 1,320-megawatt supercritical coal-fired

power plant A power station, also referred to as a power plant and sometimes generating station or generating plant, is an industrial facility for the electricity generation, generation of electric power. Power stations are generally connected to an electr ...

Andhra Pradesh Andhra Pradesh (ISO 15919, ISO: , , AP) is a States and union territories of India, state on the East Coast of India, east coast of southern India. It is the List of states and union territories of India by area, seventh-largest state and th ...

. In 2015, they acquired a wind and solar power company, Green Infra. In 2016, Sembcorp launched a $3 billion, 2,640-megawatt power complex in Andhra Pradesh. In 2020, Sembcorp commemorated the completion of 800MW of Solar Energy Corporation of India wind power projects. In November 2023, Sembcorp announced it would acquire 228 MW of operational wind power assets from Leap Green Energy Pvt Ltd for S$70 million.

United Kingdom

In 2003, Sembcorp acquired a centralised utilities business at Wilton International, Teesside, UK. In 2018, Sembcorp acquired UK Power Reserve, the UK’s largest flexible distributed energy generator.

Myanmar

In 2015, Sembcorp pivoted away from renewable energy investments, beginning the development of a 225-megawatt

gas-fired power plant A gas-fired power plant, sometimes referred to as gas-fired power station, natural gas power plant, or methane gas power plant, is a thermal power station that burns natural gas to generate electricity. Gas-fired power plants generate almost a ...

(the Sembcorp Myingyan Power Plant) which officially opened in 2019. However, solar power generation was integrated into the plant.

Oman

In 2009, Sembcorp won a project to develop the US$1 billion Salalah Independent Water and Power Plant.

United Arab Emirates

In 2006, Sembcorp started work on the Fujairah 1 Independent Water and Power Plant, a 893 MW and 130 million imperial gallons per day hybrid

desalination Desalination is a process that removes mineral components from saline water. More generally, desalination is the removal of salts and minerals from a substance. One example is Soil salinity control, soil desalination. This is important for agric ...

plans.

Vietnam

In 1996, the first Vietnam Singapore Industrial Park (VSIP) was established in Binh Duong province in

southern Vietnam Southern Vietnam () is one of the three geographical regions of Vietnam, the other two being Northern and Central Vietnam. It includes 2 administrative subregions, which in turn are divided into 19 ''First Tier units'', of which 17 are provi ...

. In 2001, Sembcorp made an investment to develop the Phu My 3 independent power plant. In 2005, Sembcorp expanded its presence in southern Vietnam with VSIP Binh Duong II. In 2007, Sembcorp began a third VSIP project, VSIP Bac Ninh. In 2009, Sembcorp entered a joint venture agreement for its fourth VISP project, VSIP Hai Phong, also an integrated township and industrial park. In 2012, Sembcorp signed an agreement for a fifth project in Vietnam, VSIP Quang Ngai, and in 2015, their sixth and seventh VSIPs - VSIP Hai Duong and VSIP Nghe An. In 2019, Sembcorp signed a joint venture agreement with Becamex IDC Corporation and VSIP.

Bangladesh

In 2019, Sirajganj Unit 4 combined-cycle gas turbine power plant, Sembcorp’s first thermal power plant in Bangladesh, commenced full commercial operation.

Indonesia

Sembcorp was appointed by the Singapore government in the 1990s to develop its first bilateral

special economic zone A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increas ...

s, the 320-hectare Batamindo Industrial Park, on the Riau Island of

Batam Batam, officially the City of Batam (, not to be confused with ''Batam Kota'', a kecamatan, district within this city), is the largest List of regencies and cities of Indonesia, city in the Indonesian province of Riau Islands. The city administra ...

, and the 270-hectare Bintan Industrial Estate, on

Bintan Island Bintan Island or ''Negeri Segantang Lada'' is an island in the Riau archipelago of Indonesia. It is part of the Riau Islands province, the capital of which, Tanjung Pinang, lies in the island's south and is the island's main community. Bintan's ...

. Sembcorp is now developing the Kendal Industrial Park in

Central Java Central Java (, ) is a Provinces of Indonesia, province of Indonesia, located in the middle of the island of Java. Its administrative capital is Semarang. It is bordered by West Java in the west, the Indian Ocean and the Special Region of Yogya ...

References

External links

* {{FTSE STI constituents Companies listed on the Singapore Exchange Companies in the Straits Times Index Multinational companies headquartered in Singapore Service companies of Singapore Temasek Holdings Singaporean brands