Keppel Collaborates with JBIC to Enhance Clean Energy Supply Chain in Asia

Through its Infrastructure Division, Keppel Ltd. (“Keppel”) has signed a non-binding Memorandum of Understanding with the Japan Bank for International Cooperation (“JBIC”) to establish a clean energy supply chain in Asia that will advance the energy transition and facilitate sustainable digitalization in the region.

The MOU seeks to enable collaboration across multiple areas including renewable energy, energy trade transmission lines, hydrogen, ammonia, data centres and subsea cables in Asia. This builds upon Keppel’s deep knowledge of sustainability and connectivity solutions, and JBIC’s financing capabilities and business networks, in order to contribute towards carbon neutrality and economic growth in Asia. 

It also sets the stage to provide potential financing for Keppel’s current work to import electricity and develop low-carbon energy. Mr. Chua Yong Hwee, Managing Director, Energy Nexus at Keppel’s Infrastructure Division, indicated that the partnership with JBIC is a great step forward in supporting Asia’s low carbon future. 

The objective is to develop a strong energy supply chain in Asia that will set new standards for sustainability by leveraging Keppel’s energy and digital infrastructure expertise along with JBIC’s financial strength and Japanese technology.