Singapore based Mooreast signs collaboration agreement with ETZ

Mooreast, a specialist mooring systems company from Singapore has signed a cooperation agreement with the Energy Transition Zone (ETZ) in Aberdeen. This could see the Singapore company set up a manufacturing facility for floating wind related products on the site south of Aberdeen and to the west of the new Port of Aberdeen South Harbour development.
Scottish Minister for Business, Trade, Tourism and Enterprise, Ivan McKee, was also on hand to witness the signing of the agreement in Singapore by ETZ Offshore Renewables Director, Andy Rodden and Sim Koon Lam, CEO of Mooreast. 

Under this agreement, the mooring and rigging solutions firm will work with ETZ to help support the creation of a manufacturing hub aimed at supplying future projects in the Scottish offshore wind sector while also creating up to 100 jobs. The proposed facility is projected to be more than double the floor space and output of Mooreast’s existing Singapore facility. This Aberdeen facility would also support the company’s efforts to target an increasing number of offshore wind projects emerging in Europe.

High-profile floating wind projects include those in the ScotWind, Celtic Sea and the Innovation and Targeted Oil and Gas (INTOG) leasing rounds, which are expected to deliver over 17GW, 4GW and 4.5GW of floating wind energy, respectively. This pipeline of projects makes Scotland one of the largest markets for floating wind in the world. As part of its strategy to capture such opportunities, the Group incorporated Mooreast UK in July 2022.

Mooreast chief executive Sim Koon Lam said: "We are honoured to have Mr Ivan McKee grace this event. Upon completion, the facility will serve as a cornerstone of Mooreast’s expansion into Europe, and will enable us to produce high-quality products and services for our renewable energy customers in the region."

Scottish Government Minister for Business, Trade, Tourism and Enterprise, Ivan McKee, said: "It is great to witness the signing of this Collaboration Agreement. As the world’s largest floating offshore wind leasing round, ScotWind puts us at the forefront of the global development of offshore wind and represents a massive step forward in our transition to net zero. As set out in our National Strategy for Economic Transformation and our Inward Investment Plan, it is critically important that we work closely with inward investors by offering our unique ‘Team Scotland’ approach to support their growth and expansion into Scotland, enabling us to deliver inclusive economic prosperity." 

ETZ Ltd offshore renewables director, Andy Rodden said: "Mooreast’s intention to explore establishing significant operations in Aberdeen is warmly welcomed and a testament to the critical mass this region has in the skills and expertise required to support such an exciting development. Owing to a world-class oil and gas sector, our region is home to 75% of the world’s subsea engineering capability and the highest concentration of energy supply chain companies anywhere in the UK.
ETZ Ltd’s role is to harness these competitive strengths and accelerate diversification in order to retain that global status as a sustainable and long-term-industry cluster for new and green energies. We are at the very early stages of this particular process but this potential development reflects the type of investment that will help us realise this ambition. I’m therefore delighted that ETZ Ltd, which has a key role as a catalyst to attract investment to the region, will be working closely with Mooreast on a range of areas as we seek to secure a positive outcome."