Established in Singapore in 1983, Annica Holdings Limited is an energy transition groupproviding oil and gas (O&G) equipment, power generation, and engineering services. With operations spanning Singapore, Malaysia, Indonesia, and Brunei, Annica is driving the energy transition while generating most of its revenue from O&G equipment sales in Malaysia, followed by Singapore.
Annica’s core businesses include providing integrated engineering solutions for O&G clients—ranging from equipment supply to maintenance services—developing decentralized electrification solutions powered by hydrogen, and investing in renewable energy and other low-carbon energy generation facilities.
Innovating for a Greener Tomorrow
As a trailblazer in sustainable energy, Annica embraces environmental, social, and corporate governance (ESG) principles, positioning itself at the forefront of clean energy transformation. Its goal is not only to disrupt the energy sector but to create tangible change by providing accessible and climate-friendly energy solutions for modern living.
Serving nearly all major oil companies in the region, Annica delivers cutting-edge engineering solutions to key O&G customers across Southeast Asia. Beyond the traditional energy sector, the company is creating a lasting impact on rural and off-grid communities in Malaysia through decentralised electrification projects, enhancing access to sustainable energy. In the renewable energy sector, Annica partners with leading Malaysian utilities and solar developers in Indonesia to facilitate cross-border low-carbon electricity exports to Singapore, supporting the region’s transition to a greener energy future.
Navigating Industry Challenges with Resilience
Like many businesses in the energy sector, Annica has faced significant challenges in recent years. Supply chain disruptions caused by COVID-19 affected the logistics of its engineering solutions, while hydrogen energy—despite its potential—remains costlier than wind and solar alternatives. Additionally, cross-border energy exports have become increasingly complex due to evolving government policies.
However, Annica remains steadfast, continuously investing in strategic partnerships and pioneering innovative solutions to overcome these hurdles. By engaging with key industry stakeholders and participating in global energy forums, Annica stays ahead of trends, ensuring it remains agile in an evolving market.
Paving the Way for a Renewable Energy Future
Publicly listed on SESDAQ (now SGX-ST Catalist Board) in 2001, Annica is undergoing a transformative shift towards renewable energy leadership. Its vision is to become the global leader in decentralised energy solutions for off-grid and rural sites, leveraging hydrogen as its primary technology. With a strong commitment to sustainability, Annica is on a mission to achieve carbon neutrality, aligning with global net-zero targets by 2050.
To drive this transformation, Annica fosters a culture of innovation and professional growth. It invests in its workforce through skill development sponsorships, leadership training programs, and career advancement opportunities, ensuring its employees are equipped to navigate the evolving energy landscape.
Corporate Social Responsibility at Its Core
Beyond business, Annica remains steadfast in its commitment to creating a positive societal impact through meaningful Corporate Social Responsibility (CSR) initiatives. In 2024, we organised a blood donation drive in Sarawak, partnering with local healthcare organisations to support the region’s blood banks, contributing to life-saving efforts for those in need and fostering community health awareness. Additionally, on 19 November 2024, we participated in a mangrove tree planting event at Kuala Selangor Nature Park, where our team planted over 200 mangrove saplings to aid in coastal protection, enhance biodiversity, and combat climate change by sequestering carbon—an initiative that underscores our dedication to environmental conservation. These efforts build on our history of community support, such as the distribution of relief packages to victims of the severe Kuala Lumpur and Selangor floods in December 2021, providing essential supplies to those affected. Looking ahead, Annica is expanding its CSR programmes, with a focus on improving living conditions in remote communities by deploying sustainable energy solutions, aligning our social impact goals with our expertise in renewable energy to drive lasting change.
Recognised as a Promising SME in Asia
Annica’s innovative approach, resilience, and commitment to sustainability have earned it a well-deserved place among Asia’s Most Promising SMEs at the ACES Awards. This recognition highlights Annica’s influence not only as a financial success but as a transformative force in the O&G sector and an employer of choice for aspiring energy professionals.
Energy is something not many of us think about, even though it is an essential part of our daily lives. While we take it for granted, companies like Annica Holdings Limited are transforming the way we access and use energy to ensure a sustainable future. The future is green energy, and Annica will be at the center of it all. — Shanggari Balakrishnan, Chief Executive Officer, MORS Group
