88 YINSON HOLDINGS BERHAD SUSTAINABILITY REVIEW Yinson Production is among the few contractors globally with the capabilities and experience to undertake redeployment projects. In our current operating fleet, FPSO Abigail-Joseph, FPSO Helang and FPSO Atlanta are redeployment projects. FPSO Abigail-Joseph is a conversion of FPSO Allan, which had previously operated for nearly ten years in the Olowi Field in Gabon. The transformation was completed within seven months, is believed to be one of the world’s fastest deliveries of a brownfield FPSO modification and upgrading project. Our strategic focus on FPSO conversions and redeployments, as opposed to new builds, reflects our emphasis on material efficiency, timely delivery and cost-effectiveness. Resource efficiency during construction and operations Resource efficiency forms part of Yinson Production’s Project Execution Philosophy, which underpins how we aim to execute projects on time and on budget, supporting a strong brand reputation. Our project teams carefully manage resource and project planning throughout our FPSO design and construction phase, continuing to identify resource efficiency opportunities arising from changing external circumstances. Design solutions that we are implementing onto our current and future FPSOs that contribute to resource efficiency include: • Combined cycle technology to efficiently capture heat generated in the production process, thereby reducing fuel gas consumption when generating electricity for FPSO operations. • Partial/full electrification of FPSO operations by importing renewable energy sourced from onshore and/or nearby offshore infrastructure to lower fuel gas consumption. • Variable frequency drives for main rotating equipment and cargo offloading pumps, which use fine process controls and advanced regulation settings to allocate resources efficiently. • Seawater turbine generators, where the kinetic energy of moving seawater, which is used for processes onboard the FPSO, is simultaneously used to produce electricity for FPSO operations, therefore consuming less fuel. • Innovation and incorporation of the latest digitalisation technologies to monitor, measure, analyse and manage our asset performance, implementing automation where possible. For example, Project Polaris, our FPSO digitalisation effort, has allowed us to implement predictive maintenance processes. We have successfully established a supply chain process for 3D printing spare parts from recycled polymers and metals, giving us the ability to print identified long lead items and obsolete spare parts upon demand. We aim to pioneer these solutions and eventually introduce them to the FPSO market and beyond, contributing to overall energy efficiency and lower emissions for the industry. On top of these solutions, one of our newest FPSO is certified as DNV Abate class notation which requires the implementation of a stringent energy management system aligned with ISO 50001 for effective control and management of emissions throughout the entire project lifecycle. We aim to implement this energy management system in all future projects. Increasing resource efficiency in our renewables business Materials like steel, copper, silicon, aluminium and glass as well as certain rare earth minerals are used to construct solar farms. Yinson Renewables recognises the need to balance such supply chain constraints with our commitment to deliver clean energy infrastructure, without negatively affecting the environment and communities where we operate. Below are some measures we are taking to manage the input of natural resources into our asset construction and operations efficiently: • Besides quality and price, we also consider environmental footprint when selecting equipment and products. These are part of our project evaluation criteria. • We implement strict quality control protocols to ensure materials are used efficiently, reducing the need for rework. • We leverage technology and digitalisation to streamline operations and minimise inefficiencies. • We foster strong relationships with our suppliers to secure high-quality materials at better prices. • We are actively exploring dry cleaning methods for solar panels maintenance, as an alternative to the water-intensive wet cleaning methods, for use in certain operational areas. • We implement recycling and robust waste management processes at our construction and operational sites.
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