PETALING JAYA: Yinson Holdings Bhd has launched its green technologies division, marking its foray into the technology sector that will drive the global transition to a net- zero carbon future.
In a statement, the oil and gas service provider said it made the announcement at the Singapore Maritime Technology Conference 2021.
During the event, Yinson showcased a concept model of an all-electric hydroglyder, a harbour craft equipped with advanced hydrofoil technology, enabling the craft to fly above the water, greatly reducing water resistance and thereby increasing energy efficiency.
The hydroglyder can reduce energy costs by up to 90% using hydrofoil technology developed by Lift Ocean AS, a Norwegian start-up tech company that Yinson has invested in.Yinson group executive vice-president, new ventures and technology Eirik Barclay said Yinson is working with local suppliers and partners to build an ecosystem for such technologies and operations in Singapore.
“Our green technologies division is headquartered in Singapore – home to the second busiest port in the world.
“As a socially responsible business, our primary focus lies in driving decarbonisation efforts within the region’s maritime segment, ” said Barclay, adding that the team is also investing in clean energy initiatives within the transport and energy business segments.
Yinson said its green technologies division was established in September 2020 to sit alongside the offshore production, renewables and offshore marine divisions.
Group chief executive officer Lim Chern Yuan (pic) said that the establishment of the green technologies division was in line with the group’s commitment to reducing carbon emissions, improving climate resilience, and accelerating the global transition to a low carbon economy.
“We believe that we can unlock greater synergies that can strengthen the sustainability of our businesses and enhance value for our stakeholders, ” he said.