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Shetland joint venture brings energy to SPE Offshore Europe

05 September 2011

ZE1 Global, Shetland's newest supply chain company in the energy sector is heading to SPE Offshore Europe, the UK's hottest industry event held this week in Aberdeen, to showcase their combined century of engineering and marine expertise to a global market.

ZE1 Global is a joint venture company, whose set up and growth is supported by Highlands and Islands Enterprise (HIE), between three engineering and fabrication companies and a fourth business specialising in supply chain and project management.

The three well established, Shetland based companies have a wealth of experience in the onshore and offshore industry. Lerwick Engineering and Fabrication, Malakoff Ltd and Ocean Kinetics Ltd combine over 100 years of expertise across a range of marine, engineering and fabrication disciplines. They are joined by business experts Carisma RCT Ltd, whose involvement in the joint venture aims to strengthen ZE1 Global's supply chain and project management capabilities and overall business performance.

Marco Busi, Chief Executive of ZE1 Global stated, " ZE1 Global builds on the strengths of its four member companies, generating economies of scale and scope that allow it to play in a higher-value market within the Energy sector. We have worked and will continue to work hard to put in place management, quality and HSE procedures that enable the value from each of the four companies to flow seamlessly to our clients. Highlands and Islands Enterprise's support is important as it adds to our credibility as an important contributor to the Scottish economy and because it will allow us to extend our marketing and development efforts."

The energy market in Shetland is vibrant and business and sectoral growth is being supported by the development agency for the area - Highlands and Islands Enterprise (HIE). HIE have supported the joint venture by approving £90k towards initial marketing and set up costs.

Mark Georgeson of HIE commented: "There is a clear industry consensus that development activities in the North Sea are increasing and Shetland's location makes it ideally placed to meet market need. The Oil and Gas, Marine Renewables, Utilities and Oil and Gas Decommissioning markets all offer significant opportunities for growth. ZE1 Global can draw on their increased capacity, location, quality service delivery and combined experience of working in the North Sea to secure larger contracts in the energy sector and provide high quality job in Shetland. "

Based in the heart of North Sea Energy activities, ZE1 Global is a full-service company engineering, manufacturing, constructing and maintaining plants and equipment for the global energy industry. With bases in Shetland and Aberdeen the company are ideally placed to supply project management, engineering and fabrication, supply chain management and other vital services to the global energy industry.

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