Sembcorp Industries (Sembcorp) is an

energy In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat a ...

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 people ...

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

offshore platform An oil platform (or oil rig, offshore platform, oil production platform, and similar terms) is a large structure with facilities to extract and process petroleum and natural gas that lie in rock formations beneath the seabed. Many oil platfor ...

s for

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

, 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 distributed 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 The Singapore Exchange Limited (SGX) is a Singaporean investment holding company that provides different services related to securities and derivatives trading and others. SGX is also a member of the World Federation of Exchanges and the Asian ...

. It is a component stock of the

Straits Times Index The Straits Times Index (abbreviation: STI) is a capitalisation-weighted measurement stock market index that is regarded as the benchmark index for the stock market in Singapore. It tracks the performance of the top 30 companies that are listed ...

and sustainability indices including the

FTSE4Good Index The FTSE4Good Index Series is a series of ethical investment stock market indices launched in 2001 by the FTSE Group which reports on the performance of companies which demonstrate "strong Environmental, Social and Governance practices". A numbe ...

, 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 Sembcorp Marine Limited an Singaporean company. It is listed on the Singapore Exchange (SGX). It was a subsidiary of Sembcorp until 2020, when the companies demerged following Sembcorp Marine's poor financial performance. Sembcorp Marine's pr ...

, 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 NEWater is the brand name given to highly treated reclaimed wastewater produced by Singapore's Public Utilities Board. NEWater is produced by further purifying conventionally treated wastewater through microfiltration, reverse osmosis and u ...

plant in Singapore, and provides

solid waste management Waste management or waste disposal includes the processes and actions required to manage waste from its inception to its final disposal. This includes the collection, transport, treatment and disposal of waste, together with monitoring ...

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 is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy ...

capacity in operation and under development.

China

Sembcorp operates power generation,

industrial water Water resources are natural resources of water that are potentially useful for humans, for example as a source of drinking water supply or irrigation water. 97% of the water on the Earth is salt water and only three percent is fresh water; slightl ...

and

wastewater treatment Wastewater treatment is a process used to remove contaminants from wastewater and convert it into an effluent that can be returned to the water cycle. Once returned to the water cycle, the effluent creates an acceptable impact on the environme ...

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.

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 generation of electric power. Power stations are generally connected to an electrical grid. Many pow ...

Andhra Pradesh Andhra Pradesh (, abbr. AP) is a state in the south-eastern coastal region of India. It is the seventh-largest state by area covering an area of and tenth-most populous state with 49,386,799 inhabitants. It is bordered by Telangana to the ...

. 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.

United Kingdom

In 2003, Sembcorp acquired a centralised utilities business at

Wilton International Wilton International is a multi-occupancy industrial site in Redcar, North Yorkshire, England. Originally a chemical plant, it has businesses in a variety of fields including energy generation, plastic recycling and process research. History a ...

, 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 (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 takes away mineral components from saline water. More generally, desalination refers to the removal of salts and minerals from a target substance, as in Soil salinity control, soil desalination, which is an issue f ...

plans.

Vietnam

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

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

. 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 is the largest city in the province of Riau Islands, Indonesia. The city administrative area covers three main islands of Batam, Rempang, and Galang (collectively called Barelang), as well as several small islands. Batam Island is the cor ...

, 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 l ...

. Sembcorp is now developing the Kendal Industrial Park in

Central Java Central Java ( id, Jawa Tengah) is a 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 Yogyakarta in t ...

References

External links

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