by winston » Wed Jun 19, 2024 8:56 pm
not vested
Sembcorp Industries (SGX: U96)
Sembcorp Industries, or SCI, is an energy and urban solutions provider with a balanced energy portfolio of 21.2 GW that includes 14.4 GW of gross renewable energy capacity.
The blue-chip group’s urban development projects cover 14,000 hectares across Asia.
Just last month, SCI announced the addition of three Vietnam Singapore Industrial Parks (VSIPs) to its portfolio.
With the inclusion of these VSIPs, SCI’s portfolio now expands to 18 projects within the country that are focused on low-carbon industrial parks.
These new projects also build on VSIPs’ presence in the northern, central, and southern parts of Vietnam which are seeing increased government spending on infrastructure to boost connectivity and convenience.
Meanwhile, earlier this month, SCI announced the signing of a Heads of Terms (HoT) with Sojitz Corporation (TYO: 2768) and Kyushu Electric Power Co Ltd (TYO: 9508) to finalise a green ammonia offtake agreement.
The agreement builds on the Memorandum of Understanding signed back in December 2023.
As lead developer and operator for this project, SCI will utilise renewable energy to produce an initial 200,000 metric tonnes per annum of green ammonia in India.
Source: Smart Investor
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