(TheIndoDaily.com) – Sembcorp Industries (Sembcorp), through its wholly-owned subsidiary Sembcorp Development, has signed Memoranda of Understanding (MOUs) with two subsidiaries of Panbil Group (Panbil) to jointly develop low-carbon industrial parks in Batam, Indonesia.
Panbil Group is a developer based in Batam with businesses spanning construction, industrial real estate, utilities services and hospitality.
The first proposed project to be developed by both parties is is a 100-hectare industrial park in Tembesi, located within the Muka Kuning area, an established industrial zone on mainland Batam with a diverse mix of electronics, electrical, precision engineering and pharmaceutical industries, Sembcorp said in a statement.
The second proposed project is the development of a 500-hectare industrial park on Tanjung Sauh, one of the smaller islands of Batam. Tanjung Sauh was recently granted a special economic zone (SEZ) status for industrial development.
The proposed projects aim to serve light to medium industries and energy-intensive businesses such as advanced manufacturing customers and data centres, with the provision of renewable energy and sustainable circular solutions.
Lee Ark Boon, CEO of Sembcorp Development, said the proposed collaboration with Panbil synergises their strong development track record in Batam with Sembcorp’s proven capabilities in energy and integrated urban solutions.
“Our envisaged low-carbon industrial parks will serve a new generation of businesses seeking green solutions, and promote the Singapore-Batam twinning model,” Lee Ark Boon said.
Johannes Kennedy Aritonang, Chairman of Panbil Group, noted that Panbil’s potential partnership with Sembcorp comes at an opportune time. In 2023, Batam’s economic growth of 7% outpaced the national average. “With its expanding infrastructure, Batam is well equipped to drive the synergies of advanced manufacturing between Singapore and Indonesia. This collaboration to develop low-carbon industrial parks will support the new economy industries,” Aritonang said.
Sembcorp is a leading energy and urban solutions provider, led by its purpose to drive energy transition. Sembcorp delivers sustainable solutions to support energy transition and urban development by leveraging its sector expertise and global track record.
The Singapore-based company has a balanced energy portfolio of 21.2GW, including 14.4GW of gross renewable energy capacity, across 10 countries.
Written by Staff Writer
Edited by Roffie Kurniawan