Wasco Berhad Integrated Annual Report 2024

WASCO BERHAD 64 SUSTAINABILITY REPORT Supporting Sustainable Economic Growth and Development through Our Operations Wasco is a prominent provider of energy solutions with a global footprint spanning 14 countries. Wasco’s core strengths are anchored in two distinct divisions: • The Energy Services Division, which specialises in advanced pipe coating, corrosion protection, engineering, and EPC project delivery; and • The Bioenergy Services Division, which focuses on biomass energy generation, serving a wide range of sectors including plantations, petrochemicals, oleochemicals, and large industrial players. Wasco recognises the crucial importance of investing in the protection and restoration of natural ecosystems, particularly forests, which play a vital role in sequestering carbon. In line with our environmental responsibilities, Wasco remains firmly committed to supporting the energy transition within the oil and gas sector. As a leading integrated energy group, Wasco provides comprehensive technical services to the oil and gas industry worldwide. Increasingly, we leverage on our expertise to contribute to the advancement of emerging sectors such as carbon capture and storage pipelines, offshore wind, data centres, and renewable energy. Pipeline Services Wasco is the world’s largest independent pipe coating company, delivering comprehensive onshore and offshore services to the energy industry. Our global operations are strategically located to efficiently meet industry demands. As a testament to our capabilities, we have coated over 22,000 km of pipelines across 25 countries. Engineering and Fabrication Services Wasco provides comprehensive solutions in engineering, procurement, and construction (“EPC”), including modular fabrication services tailored for the global energy industry. Our fabrication facilities are strategically located in Southeast Asia and the Middle East & Africa to meet regional and international demand. We have invested in world-class infrastructure, including a fully concreted waterfront fabrication base within the Southeast Asia Free Trade Zone. Spanning over 36.7 hectares, this facility is equipped with a dedicated jetty capable of handling modules of up to 10,000 metric tonnes. Bioenergy Services Wasco operates in the renewable energy sector, specialising in the engineering, procurement, construction, and commissioning (“EPCC”) of steam energy systems and auxiliary facilities, as well as the supply of power-generating turbines. Leveraging our in-house engineering capabilities, we design and deliver customised energy systems tailored to specific operational needs. Our solutions cover a wide range of steam energy systems, adaptable to various fuel types, capacities, pressures, and temperatures to ensure optimal energy efficiency and performance.

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