Malaysian energy infrastructure and technology company Yinson Holdings has acquired $300 million in funding from private equity (PE) firm RRJ Capital.
In a press release on Friday, Yinson said it has also entered into a collaboration agreement with the Hong Kong- and Singapore-headquartered PE firm, which was also signed by Farosson, Yinson’s Singapore-based advisory, investment, and asset management arm.
Earlier on Friday, Bloomberg reported that the $300 million will be put into Yinson’s floating production storage and offloading vessel project in Angola.
According to Bloomberg, the floating vessel is expected to be fully operational in the fourth quarter of 2025.
This reportedly marks RRJ Capital’s first investment in Malaysia.
In February, Yinson, through a subsidiary, acquired FPSO Agogo — which is located in Angola — from Azule Energy through a deal estimated to be worth $5.3 billion.
Founded in 1984, Yinson has set goals to be carbon neutral by 2030 and net zero by 2050.
It claims that its FPSO operations arm, Yinson Productions, has an order book of over $22 billion until 2048.
RRJ Capital was founded in 2011 by Richard Ong, former Asia head of investment banking (ex-Japan) at Goldman Sachs; and Charles Ong, former senior managing director at Temasek Holdings.