The subsidiaries are Semb-Eco Pte. Ltd., an investment holding company; Semb-Eco R&D Pte. Ltd., which will handle research and development and holding of patents; and Semb-Eco Technology Pte. Ltd., which will be responsible for the manufacturing and commercialization of patents.
SSPL, a Sembcorp Marine Ltd. subsidiary, will hold 55% of the equity interest in Semb-Eco Pte. Ltd., which, in turn, owns 100% of the equity interest in both Semb-Eco R&D and Semb-Eco Technology.
The establishment of these subsidiaries is to continue to co-develop, manufacture, and sell green products with its strategic partner, Ecospec Global Technology Pte. Ltd., to the marine, offshore, and onshore industries.