In the News

Yinson GreenTech introduces chargEV at Eco Ardence

Yinson GreenTech (“YGT”, or the “Company”), the business unit that provides green technology solutions under Yinson Holdings Berhad (“Yinson”), has unveiled a new brand for its marine business that aims to encapsulate the Company’s vision and mission to deliver a clean and integrated technology-enhanced ecosystem that will support the maritime industry’s transition to net zero.

The new “marinEV” brand was launched today at the Singapore Maritime Week 2023 and reflects YGT’s strong commitment to the electrification and decarbonisation of the maritime industry. The Company’s existing products that will come under the new brand include its two electric harbour crafts – Hydroglyder and Hydromover, and it will also be applied on all future marine products launched by the Company.

Chief Executive Officer of YGT, Mr Eirik Barclay said, “With our marine offerings recognised under the brand marinEV, we are able to position ourselves favourably as one of the leading players in this space.  We believe it strengthens our proposition and we aim to make marinEV synonymous with green maritime technology.”

Mr Kenneth Lim, Assistant Chief Executive (Industry & Transformation), Maritime and Port Authority of Singapore said, “We are excited to see Yinson Green Tech accelerating its vessel electrification journey with the unveiling of the “marinEV” brand, and we look forward to the launch of green maritime technology and newbuild electric vessels under the new brand. Close collaboration with harbour craft stakeholders is essential to meeting Singapore’s commitment to achieve net zero emissions by 2050, and MPA will continue to work with likeminded partners to drive R&D innovation and support commercialisation of green technologies for the maritime sector.”

In conjunction with the launch of marinEV, YGT has inked several Memorandums of Understanding (“MOUs”) with key players in the industry. These collaborations seek to contribute to the development of an ecosystem that will encourage local ship operators to transition fully to electric vessels. The aim of these collaborations is to accelerate the transition of Singapore’s maritime industry in line with the country’s goals that require all new harbour craft to be fully electric, be capable of using pure biodiesel (B100), or be compatible with net-zero fuels such as hydrogen by 2030 and to achieve net-zero emissions by 2050.