A provider of integrated engineering solutions ("IES") and clean energy solutions, the history of IEV Holdings Limited began in 1986, when its President and CEO, Christopher Do, invented its flagship Marine Growth Preventer, a product which has been central to the birth and growth of the Group. Today, driven by a corporate culture steeped in continuous innovation, the IEV Group has developed a total of 14 generations of the product with 26,000 units installed on 400 platforms globally.
As part of its Offshore Engineering Sector, the Group offers a range of IES to support the offshore oil and gas industry in the Asia Pacific region, servicing offshore platform operators and engineering, procurement, construction, installation and commissioning ("EPCIC") contractors. Over the years, the IEV Group has evolved into a single solution provider able to cater to many aspects of the life cycle of offshore oil and gas facilities and its IES can be tailored to suit specific customer requirements.
The IEV Group is also one of the leading providers of mobile natural gas to the industrial sector in Indonesia and Vietnam. In its Mobile Natural Gas Sector, through the development of mobile gas infrastructure and supply chains, the Group produces compressed natural gas ("CNG") from natural gas sources and then transports and delivers it to customers in the industrial sector in Indonesia with no pipeline access. The Group not only provides technical expertise for customers to commercialise their flare gas and stranded gas by providing mobile natural gas solutions, it also sources for flare gas and stranded gas reserves in Indonesia owned by energy companies and offers them commercialisation solutions. In addition, the IEV Group also holds a 20.5% interest in CNG Vietnam which it believes is the primary supplier of mobile CNG in Vietnam.