Drawing on their expertise in the marine and energy fields, Yinson set out to electrify the marine industry. In November 2023, they achieved a major milestone by launching their first all-electric cargo delivery boat, the Hydromover, for harbour operations in Singapore.
Malaysia-based Yinson Berhad stands out as one of the leading global operators in floating production, storage and offloading (FPSO) services. They specialise in engineering, construction, procurement, installation and commissioning (EPCIC). While FPSO operations are their main focus, they strategically entered the renewables sector in 2019, rapidly expanding their presence in renewable energy.
Yinson aspires to be a globally recognised independent power producer in clean energy. To achieve this, they established Yinson GreenTech (YGT), which is headquartered in Singapore. YGT invests in new technologies and businesses that facilitate the global transition to a low-carbon environment, particularly in the marine, mobility and energy sectors. In 2023, Farosson was founded in Singapore, specialising in sustainable infrastructure investing and offering advisory, investment and asset management services.
