Keppel Ltd., through its Infrastructure Division, has signed a Memorandum of Understanding (MOU) with Tokyo-based investment and general trading company Sojitz Corporation (Sojitz). The agreement aims to jointly pursue decarbonization and clean energy business opportunities in the Asia Pacific region.
Under the MOU, Keppel and Sojitz will collaborate to identify and develop a pipeline of projects in bioenergy and resource recovery. They will also invest in and operate energy solutions that support energy transition in Asia Pacific. The partnership will leverage Keppel’s Energy-as-a-Service (EaaS) expertise and proprietary solutions for businesses in markets where Sojitz operates.
The MOU was signed by Ms. Cindy Lim, CEO of Keppel’s Infrastructure Division, and Mr. Takefumi Nishikawa, Chief Operating Officer of Sojitz’s Energy Solution & Healthcare Division. The signing ceremony, held at Sojitz’s headquarters in Tokyo, was witnessed by Mr. Loh Chin Hua, CEO of Keppel, and Mr. Kosuke Uemura, Representative Director, President & Chief Operating Officer of Sojitz.
Ms. Cindy Lim expressed her enthusiasm for the partnership, stating, “Keppel is pleased to collaborate with Sojitz in a mutually beneficial partnership, leveraging Keppel’s expertise in energy and environmental technologies and Sojitz’s international presence. This collaboration showcases how like-minded businesses can expand reach and drive growth together.”
The development is not expected to have any material impact on the net tangible asset per share or earnings per share of Keppel for the current financial year.
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