20th February, 2024 – Singapore

OceanSTAR Elite group of companies (OSEG) has proudly launched the “Innovative Support System for a 10 MW Floating Offshore Wind Turbine (FOWT)” project, marking a significant stride in collaborative research and development. This initiative is a partnership with OceanSTAR Elite and CSSC Chengxi Shipyard Co. Ltd, based in Jiangsu, China, alongside Jiangsu University of Science and Technology. It gains substantial support from government bodies Enterprise Singapore and the Jiangsu Department of Science and Technology, through the Singapore-China YRD (Jiangsu) Joint Innovation program.

In alignment with its strategic pivot from the traditional oil & gas sector, OSEG has established a New Energy department, dedicated to ramping up efforts in the research & development, design, and EPC service of innovative floating energy solutions. As of December 2023, OceanSTAR has successfully completed two floating windfarm design projects and one CCUS design project, underlining the company’s dedication and progress in the renewable energy domain.

The initiation of this joint R&D project marks a pivotal achievement for OSEG, emphasizing its commitment to the clean energy transition. The company is set to further delve into the clean energy landscape, seeking investment and collaboration opportunities across offshore wind, floating solar, and LNG vessels, expanding its capabilities in these areas.

In a parallel development, OSEG has solidified a cooperation agreement with DMAR (DMAR Engineering Inc.), leveraging OSEG’s prowess and experience in Engineering service and extended EPC solution alongside DMAR’s technologies in TLP (Tension Leg Platform). This partnership signifies a milestone in the windfarm market explore, showcasing the synergistic potential of combining OSEG with DMAR to foster innovation in renewable energy solutions.

About OceanSTAR Elite group
OceanSTAR Elite group of companies (Headquarter in Singapore) offers One-Stop Engineering Design and Innovative Solutions for Offshore Energy sector. With a passionate and experienced engineering team, OceanSTAR has successfully accomplished plenty of offshore projects, from FPSO, FPU, Jack-up to floating wind turbine, etc. Based on our strong engineering design capabilities, our services extended into CAPEX investment, procurement, construction, installation, commissioning, project management, maintenance and operation support. OceanSTAR Elite group of companies has offices strategically located in Singapore (HQ), China, Indonesia (Jakarta) & Malaysia (Kuala Lumpur).

For more information, please visit the Company’s website at www.oceanstar.com.sg