Established in Singapore in 1983, Annica Holdings Limited is a forward-thinking investment holding company providing 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 major industry players like Shell and Petronas, Annica supplies cutting-edge engineering solutions to key O&G customers across Southeast Asia. Beyond traditional energy sectors, the company is also making a lasting impact on rural and off-grid communities in Malaysia through decentralized electrification projects. In the renewable energy sector, Annica collaborates with major Malaysian utilities and solar developers in Indonesia to support cross-border low-carbon electricity exports to Singapore.
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 decentralized 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 is committed to making a positive impact on society. One notable initiative was its relief package distribution to victims of the severe Kuala Lumpur and Selangor floods in December 2021. The company is now working on expanding its energy-related CSR programs, aiming to improve living conditions in remote communities through sustainable energy solutions.
Recognized 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
