{{short description|Malaysian infrastructure conglomerate}}
{{Infobox company | name = Yinson Holdings Berhad | logo = Yinson-Holdings-Berhad-Logo.png | logo_size = 120px | type = [[Private limited company|Public]] | traded_as = {{myx|7293}} | ISIN = {{ISIN|sl=n|pl=y|MYL7293OO003}} | foundation = {{start date and age|1984}} | founder = [[Lim Han Weng]]<ref name="Forbes">{{cite web |title=Lim Han Weng & family |url=https://www.forbes.com/profile/lim-han-weng/ |website=Forbes |access-date=29 May 2025 |language=en}}</ref> | area_served = {{collapsible list |title = 15 countries and territories |[[Malaysia]] |[[Singapore]] |[[Vietnam]] |[[Indonesia]] |[[Angola]] |[[Brazil]] |[[Chile]] |[[Colombia]] |[[Ghana]] |[[India]] |[[Italy]] |[[Netherlands]] |[[New Zealand]] |[[Nigeria]] |[[Norway]] |[[Peru]] |[[United Kingdom]] |[[United States]] }} | location = [[Kuala Lumpur]], [[Malaysia]] | key_people = {{ubl|{{wd-chairperson}}|{{wd-ceo}}}} | industry = [[Conglomerate (company)|Conglomerate]] | parent = | subsid = {{ubl| * Yinson Production * Yinson Renewables * Yinson GreenTech }} | revenue = {{Increase}} RM 11,646 million (2024) | profit = {{Increase}} RM 11.42 million (2024) | assets = {{Increase}} RM 28,692 million (2024) | homepage = {{Official url}} }}
'''Yinson Holdings Berhad''' ({{zh|s=云升控股|p=Yúnsheng Kònggǔ|j=Wan4 sing1 Hung3 gu2}}) is a [[Kuala Lumpur]]-headquartered, [[Malaysia|Malaysian]] energy infrastructure [[Conglomerate (company)|conglomorate]] that has diversified its operations across [[Offshore drilling|offshore production]], [[Renewable energy industry|renewable energy]], and [[Environmental technology|green technologies]]. Established as a logistics company in Johor Bahru in 1984 by Lim Han Weng, the company went public in 1996. It expanded its focus to the energy sector 2011, aiming to develop and provide various energy solutions, while taking the trucking business private.<ref>{{cite web |title=History |url=https://www.yinson.com/about-us/history/ |website=Yinson Holdings Berhad |publisher=Yinson Holdings Berhad |access-date=29 May 2025}}</ref><ref>{{Cite news |date=2025-06-03 |title=From car salesman to Malaysia’s 50 richest: The rise and rise of Causeway Link founder Lim Han Weng |url=https://www.straitstimes.com/business/from-car-salesman-to-malaysias-50-richest-the-rise-and-rise-of-causeway-link-founder-lim-han-weng |access-date=2026-02-08 |work=The Straits Times |language=en |issn=0585-3923}}</ref>
==Business== ===Offshore production=== Yinson's Offshore Production business, conducted through its subsidiary Yinson Production, is a core component of the group's operations, focusing on the ownership and operation of [[Floating production storage and offloading|Floating Production Storage and Offloading]] (FPSO) vessels, as well as offshore gas and oil production operations. The group held capabilities of the development and production phases of the offshore oil & gas field lifecycle, covering selsmic survey, exploration, development, production, and eventual decommissioning.<ref>{{cite web |title=About us – Yinson Production |url=https://www.yinson-production.com/about-us/ |website=Yinson Production |publisher=Yinson |access-date=29 May 2025}}</ref> This segment positions Yinson Production as a significant entity in the global FPSO market, notably identified as the world's second-largest operator by contract value. As of recent reports, the company manages a fleet of nine FPSO vessels, which are deployed globally under long-term contracts, some extending up to 25 years. A recent example of this expansion is the delivery of the Agogo FPSO for operations in Angola, a project anticipated to generate $5.3 billion in revenue over its 15-year contract duration.<ref>{{cite news |last1=Burgos |first1=Jonathan |title=Malaysian Tycoon And Son Win Multibillion Dollar Energy Contracts To Make Offshore Vessel Supplier Yinson A Global Giant |url=https://www.forbes.com/sites/jonathanburgos/2025/04/16/malaysian-tycoon-and-son-win-multibillion-dollar-energy-contracts-to-make--offshore-vessel-operator-yinson-a-global-giant/ |access-date=29 May 2025 |work=Forbes |publisher=Forbes |date=16 April 2025 |language=en}}</ref>
The development of new FPSO units, such as the Agogo FPSO, incorporates green technologies aimed at reducing environmental impact, with this specific vessel designed to achieve a 27% reduction in carbon emissions compared to older designs.<ref>{{cite news |title=Yinson to pioneer new Offshore CCS technology on FPSO Agogo {{!}} Carbon Capture Magazine |url=https://carboncapturemagazine.com/articles/yinson-to-pioneer-new-offshore-ccs-technology-on-fpso-agogo |access-date=29 May 2025 |work=carboncapturemagazine.com |publisher=Carbon Capture Magazine |date=17 November 2023}}</ref> The capital-intensive nature of the FPSO business necessitates substantial financing, and Yinson Production has utilized increased debt to support its expansion, while the long-term, stable nature of its contracts has contributed to maintaining profitability. To fund ongoing growth in this segment and other strategic areas, the company has secured significant investments, including a recent $1 billion injection from international investors. There is also a reported consideration for a potential public listing of the Yinson Production unit in the future.<ref>{{cite news |title=Yinson Production secures US$1bil investment from consortium of international investment firms |url=https://www.thestar.com.my/business/business-news/2025/01/14/yinson-production-secures-us1bil-investment-from-consortium-of-international-investment-firms |access-date=29 May 2025 |work=The Star |date=14 January 2025 |language=en}}</ref><ref>{{cite news |title=Malaysia’s Yinson secures deal with investors including Abu Dhabi for US$1 billion funding |url=https://www.businesstimes.com.sg/international/asean/malaysias-yinson-secures-deal-investors-including-abu-dhabi-us1-billion-funding |access-date=29 May 2025 |work=The Business Times |publisher=Singapore Press Holdings |date=14 January 2025 |language=en}}</ref>
===Renewable energy=== Yinson Holdings has a significant presence in the renewable energy sector through its subsidiary, Yinson Renewables. This arm operates as a global independent power producer, focusing on developing, owning, and operating large-scale renewable energy assets, primarily solar and wind power projects.<ref name="YinsonRenewablesAbout">{{cite web |title=About us |url=https://www.yinsonrenewables.co.nz/about-us/ |website=Yinson Renewables |publisher=Yinson Renewables Pte Ltd |access-date=29 May 2025 |language=en}}</ref> The company's portfolio is strategically diversified across three key regions: Asia Pacific (which includes India, Indonesia, and Malaysia), Latin America (covering Brazil, Chile, Colombia, and Peru), and Europe (specifically Italy and New Zealand).<ref>{{cite news |last1=SINGH |first1=BHUPINDER |title=Yinson’s investment in Brazil’s energy sector to grow |url=https://www.thestar.com.my/business/business-news/2024/07/11/yinsons-investment-in-brazils-energy-sector-to-grow#goog_rewarded |access-date=29 May 2025 |work=The Star |publisher=Star Media Group |date=11 July 2024 |language=en}}</ref> Yinson Renewables has the core objective to contribute to the global energy transition, by securing long-term power purchase agreements (PPAs) for the clean electricity it generates.<ref>{{cite news |last1=Bursa Sustain |title=From red to green: Energy infrastructure company Yinson’s diversification into renewables and climate technology |url=https://www.eco-business.com/news/from-red-to-green-energy-infrastructure-company-yinsons-diversification-into-renewables-and-climate-technology/ |access-date=29 May 2025 |work=Eco-Business |publisher=Eco-Business |date=24 October 2023 |language=en}}</ref>
Yinson Renewables has established solar plants in [[India]], notably the 175 MWp [[Bhadla Solar Park]] and the 285 MWp Nokh Solar Park.<ref name="YinsonRenewablesAbout" /> In Latin America, a notable achievement is the 97 MWp Matarani Solar Plant in [[Peru]], which began full operations in September 2024.<ref name="technode">{{cite news |last1=Staff |first1=TechNode Global |title=Malaysia's Yinson Renewables launches Matarani solar plant in Peru |url=https://technode.global/2024/11/15/malaysias-yinson-renewables-launches-matarani-solar-plant-in-peru/ |access-date=29 May 2025 |work=TNGlobal |date=15 November 2024}}</ref><ref>{{cite news |title=Yinson Renewables secures $59m for Matarani solar project, Peru |url=https://www.power-technology.com/news/yinson-renewables-matarani-solar/ |access-date=29 May 2025 |work=Power Technology |agency=Verdict Media Limited |publisher=Power Technology |date=29 November 2024}}</ref> This project marks Yinson's first operational venture in Peru and is recognized as the country's second-largest solar energy producer.<ref name="technode" /> Beyond current operations, Yinson Renewables continues to develop new projects in its target regions, including additional solar initiatives in Peru, and is actively exploring opportunities in wind and other emerging renewable technologies.<ref>{{cite news |last1=Kapoor |first1=Lakshita |title=Yinson Renewables Explore Green Energy in Peru |url=https://www.saurenergy.asia/yinson-renewables-explore-green-energy-in-peru/ |access-date=29 May 2025 |work=Renewable Energy in Southeast Asia: Powering Sustainable Futures |publisher=Saur Energy International |date=2 December 2024}}</ref><ref name="YinsonRenewablesAbout" /> As of 2025, Yinson Renewables operates 557 MW of utility-scale renewable generating assets, supported by a substantial pipeline exceeding 1.5 GW in development and over 3 GW in early-stage opportunities, underscoring its ongoing commitment to expanding its clean energy capacity.<ref name="YinsonRenewablesAbout" />
===Green technologies=== Yinson Holdings established Yinson GreenTech (YGT) in 2020 as a dedicated business unit to develop and implement clean technology solutions across various sectors, including [[Maritime transport|marine]], [[Transport industry|mobility]], and [[infrastructure]].<ref>{{cite web |title=Yinson GreenTech - Green Technologies Solutions Provider |url=https://ygt.yinson.com/ |website=Yinson GreenTech |publisher=Yinson GreenTech |access-date=29 May 2025}}</ref> Within this segment, a key focus is on [[Charging station|electric vehicle (EV) charging]] infrastructure.<ref>{{cite web |title=About Us - chargEV |url=https://chargev-ygt.com/about-us/#:~:text=We%20focus%20on%20helping%20businesses,being%20your%20trusted%20partner%20in |website=chargEV - Yinson GreenTech |publisher=Yinson GreenTech |access-date=29 May 2025}}</ref> YGT operates chargEV, which has become a significant EV charging network, particularly in Malaysia and [[Singapore]], featuring over 300 cross-border charging points.<ref>{{cite news |last1=Lee |first1=Nian Tjoe |title=New cross-border EV charging network has more than 300 points in Malaysia |url=https://www.straitstimes.com/singapore/transport/new-cross-border-ev-charging-network-has-more-than-300-points-in-malaysia |access-date=29 May 2025 |work=The Straits Times |publisher=Singapore Press Holdings |date=29 March 2023 |language=en}}</ref><ref name="Khazanah">{{cite news |title=Yinson GreenTech partners Khazanah to bolster EV charging ecosystem |url=https://www.thestar.com.my/business/business-news/2025/03/10/yinson-greentech-partners-khazanah-to-bolster-ev-charging-ecosystem |access-date=29 May 2025 |work=The Star |publisher=Star Media Group |date=10 March 2025 |language=en}}</ref><ref>{{cite news |last1=Staff |first1=TechNode Global |title=Yinson GreenTech’s chargEV collaborates with eLoaded to improve EV charging infrastructure through DC grid technology |url=https://technode.global/2024/11/27/yinson-greentechs-chargev-collaborates-with-eloaded-to-improve-ev-charging-infrastructure-through-dc-grid-technology/ |access-date=29 May 2025 |work=TNGlobal |agency=TNGlobal |publisher=TNGlobal |date=27 November 2024}}</ref> This initiative has involved partnerships, such as a collaboration with Khazanah to further strengthen the EV charging ecosystem.<ref>{{cite news |last1=Nguyen |first1=Thi Bich Ngoc |last2=Rai |first2=Joymitra |title=Khazanah invests in chargEV to expand Malaysia's EV charging network |url=https://www.dealstreetasia.com/stories/khazanah-chargev-433769 |access-date=29 May 2025 |work=DealStreetAsia |publisher=Nikkei Group |date=10 March 2025 |language=en}}</ref><ref name="Khazanah" /><ref>{{cite web |title=Yinson GreenTech’s chargEV partners Khazanah to accelerate development of Malaysia’s EV charging ecosystem |url=https://www.yinson.com/news/yinson-greentechs-chargev-partners-khazanah-to-accelerate-development-of-malaysias-ev-charging-ecosystem/#:~:text=Yinson%20GreenTech's%20chargEV%20partners%20Khazanah%20to%20accelerate%20development%20of%20Malaysia's%20EV%20charging%20ecosystem,-News |website=Yinson Holdings Berhad |access-date=29 May 2025}}</ref> In December 2024, YGT expanded its partnership with [[Handal Indah]] and GoCar Malaysia to enhance Green Mobility in Johor Bahru, through car sharing service that are easily accessible from electric public bus drop-off points.<ref>{{Cite web |date=2024-12-10 |title=GoCar, Yinson's drivEV now offering EV car sharing in JB – GAC Aion Y Plus, GWM Ora Good Cat available - paultan.org |url=https://paultan.org/2024/12/10/gocar-yinsons-drivev-now-offering-ev-car-sharing-in-jb-gac-aion-y-plus-gwm-ora-good-cat-available/ |access-date=2025-05-29 |website=Paul Tan's Automotive News |language=en-US}}</ref><ref>{{Cite web |last=Shahrizal |date=2024-12-10 |title=Electric Car Sharing Option Comes To Johor - BusinessToday |url=https://www.businesstoday.com.my/2024/12/10/electric-car-sharing-option-comes-to-johor/ |access-date=2025-05-29 |website=Business Today |language=en-US}}</ref>
Beyond land-based mobility, Yinson GreenTech is actively involved in marine electrification through its marinEV ventures. This includes the establishment of electric vessel charging stations, such as Singapore's first electric vessel charging station developed in partnership with [[Wilh. Wilhelmsen|Wilhelmsen Ships Service]].<ref name="WSS">{{cite news |last1=Habibic |first1=Ajsa |title=Yinson GreenTech and WSS to set up charging infrastructure for Singapore's first all-electric cargo ship |url=https://www.offshore-energy.biz/yinson-greentech-and-wss-to-set-up-charging-infrastructure-for-singapores-first-all-electric-cargo-ship/ |access-date=29 May 2025 |work=Offshore Energy |publisher=Navingo |date=17 October 2024}}</ref><ref>{{cite news |last1=Network |first1=MI News |title=Yinson GreenTech & Wilhelmsen Launch Singapore’s 1st Electric Vessel Charging Station |url=https://www.marineinsight.com/shipping-news/yinson-greentech-wilhelmsen-launch-singapores-1st-electric-vessel-charging-station/ |access-date=29 May 2025 |work=Marine Insight |publisher=Marine Insight |date=26 May 2025}}</ref><ref>{{cite news |last1=Prevljak |first1=Naida Hakirevic |title=Yinson GreenTech, Wilhelmsen Ships Service roll out electric vessel charging station in Singapore |url=https://www.offshore-energy.biz/yinson-greentech-wilhelmsen-ships-service-roll-out-electric-vessel-charging-station-in-singapore/ |access-date=29 May 2025 |work=Offshore Energy |publisher=Navingo |date=23 May 2025}}</ref><ref>{{cite news |last1=Snyder |first1=John |title=Wilhelmsen Ships Service's vessel charging station supports Singapore's electrification push |url=https://www.rivieramm.com/news-content-hub/wilhelmsen-ships-services-new-vessel-charging-station-supports-singapores-electrification-push-84982#:~:text=(L%20to%20R)%3A%20Henning,opening%20a%20new%20vessel%20charging |access-date=29 May 2025 |work=Riviera |publisher=Rivieramm |date=27 May 2025 |language=En}}</ref> YGT's efforts in this area also extend to pioneering projects like the introduction of Singapore's first all-electric cargo ship and the unveiling of an electric [[hydrofoil]] harbor launch.<ref>{{cite news |last1=Maritime |first1=Baird |title=Singapore firm unveils electric hydrofoil harbour launch |url=https://www.bairdmaritime.com/work-boat-world/other-workboats/singapore-firm-unveils-electric-hydrofoil-harbour-launch |access-date=29 May 2025 |work=Baird Maritime / Work Boat World |publisher=Baird Maritime |date=25 November 2024 |language=en}}</ref><ref name="WSS" /> The company also maintains strategic investments in related clean energy technologies, which supports EV adoption in [[Southeast Asia]] through [[battery swapping]] solutions.<ref>{{cite news |last1=Chan |first1=Mike |title=ACE 2022: Yinson GreenTech showcasing Hyprdrive, chargEV, Oyika at SCCC - promotions on for each - paultan.org |url=https://paultan.org/2022/11/06/ace-2022-yinson-greentech-showcasing-hyprdrive-chargev-oyika-at-sccc-promotions-on-for-each/ |access-date=29 May 2025 |work=Paul Tan's Automotive News |publisher=Driven Communications Sdn. Bhd. |date=6 November 2022}}</ref><ref>{{cite news |last1=BIRRUNTHA |first1=S |title=Yinson invests in Singapore’s Oyika to drive EV adoption in SE Asia |url=https://themalaysianreserve.com/2021/06/17/yinson-invests-in-singapores-oyika-to-drive-ev-adoption-in-se-asia/#google_vignette |access-date=29 May 2025 |work=The Malaysian Reserve |publisher=TMR Media Sdn Bhd |date=16 June 2021}}</ref> YGT previously explored the electric two-wheeler market with investment in [[Oyika]] in 2021 under a joint venture brand RydeEV, it has since exited this segment in 2025.<ref>{{cite news |last1=Chapree |date=30 April 2025 |title=Yinson GreenTech exits electric motorcycle business |url=https://soyacincau.com/2025/04/30/yinson-greentech-exits-electric-motorcycle-rydeev/ |access-date=29 May 2025 |work=SoyaCincau |publisher=Mind Blow Sdn Bhd |agency=LinkedIn}}</ref><ref>{{cite news |last1=Ramanujam |first1=Mohan K |date=10 September 2023 |title=Yinson Greentech's RydeEV - lease an electric bike from RM250/month with unlimited battery swapping - paultan.org |url=https://paultan.org/2023/09/10/yinson-greentech-launches-rydeev-centre-in-petaling-jaya/ |access-date=29 May 2025 |work=Paul Tan's Automotive News |publisher=Driven Communications Sdn. Bhd}}</ref><ref>{{cite news |last1=Liew |first1=Michelle |date=30 April 2025 |title=RydeEV Splits from Yinson GreenTech, Goes Independent |url=https://news.imotorbike.com/en/2025/04/rydeev-yinson-greentech/ |access-date=29 May 2025 |work=iMotorbike News |publisher=iMotorbike World Sdn. Bhd.}}</ref>
==References== {{Reflist|2}}
[[Category:Conglomerate companies of Malaysia]] [[Category:Construction and civil engineering companies of Malaysia]] [[Category:Multinational companies headquartered in Malaysia]] [[Category:Companies based in Kuala Lumpur]] [[Category:Conglomerate companies established in 1984]] [[Category:Malaysian brands]] [[Category:Companies listed on Bursa Malaysia]] [[Category:Construction and civil engineering companies established in 1984]]