Bureau Veritas Marine & Offshore Singapore (BV M&O) and MolyWorks Materials Corporation have signed a Memorandum of Understanding (MoU) aimed at promoting additive manufacturing through several initiatives that will support innovation, decarbonisation and sustainability in the maritime, offshore, and renewable energy sectors.
The signing ceremony took place at the Singapore BV M&O Office and was attended by representatives from both companies.
The MoU will see both parties reinforce their collaborative efforts to promote sustainable business opportunities, including maritime innovation, pilot trials and other initiatives.
This announcement follows the recent opening by BV of a Singapore-based Centre of Excellence – named innovation, Centre for Alternative and Renewable Energy (iCARE) – by which BV aims to increase the collaborative efforts between the global networks and continue to empower organizations to implement, measure and achieve their sustainability objectives.
With its R&D and production metal powder manufacturing and recycling facility in Singapore, MolyWorks aims to support Singapore and local enterprises in reducing their carbon footprint through material reuse and recycling. The foundry offers a wide range of metal powders, including custom alloys/small batches for R&D and high volume for large-scale industrial production.
David Barrow, Vice President, Bureau Veritas Marine & Offshore, South Asia Zone, said, “Bureau Veritas sees this partnership directly supporting both organisations and the industry as a whole. Both organisations are clearly aligned in their vision and strategy for success in this area. This is a great example of industry collaboration to ensure that we can achieve industry ambitions relating to innovation and green agendas.”
Phil Ward, CEO, MolyWorks Materials Corporation, said, “MolyWorks is delighted and honoured to formally partner and collaborate with BV Singapore to jointly promote additive manufacturing and other emerging business opportunities to the maritime and marine companies, tapping into MolyWorks’ metal powder production and recycling capabilities and BV’s green services.”
Following this MoU signing ceremony, there will be further discussion between the two companies on potential future projects.