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Professor Norman McLennan is the Director General of the organisation, which is based in Dundee and will be the first UK Limited subsidiary company of China Ocean Engineering Shanghai Co (COES), an international state-owned marine and offshore engineering services group.

This exciting new venture will broaden the company鈥檚 international reach and support the growing offshore decommissioning and renewables sector in the UK and Europe. The North Sea / UKCS decommissioning sector alone is estimated to have 拢17.6 billion expenditure and 100 platforms, and 7,500 km of pipelines for complete or partial removal over the next decade*.

The COES International President, Mr Hong Chong, travelled 5,600 miles to be in Scotland to officially open the new premises in conjunction with the Scottish Minister for Business, Fair Work & Skills, Jamie Hepburn MSP, and Dundee City Council leader Councillor John Alexander.

Ahead of its projected global decommissioning and renewables activity, COES has invested around 拢400 million to develop new state-of-the-art offshore construction engineering assets.  One of these is its new flag ship vessel the 鈥楥huang Li鈥�, which translates to mean 鈥榠nnovative vessel鈥�. This vessel has DP3 4500MT Lifting Capacity and Self-Propelled Pipelay Capability which makes for an attractive value proposition for prospective clients in the region.

The new company has also invested 拢0.5m in a modern office located on Dundee鈥檚 waterfront and will initially employ up to 15 members of staff, and, subject to contract success, has ambitions to grow the team in the years ahead creating both local and international job opportunities.

Prof McLennan, commented: 鈥淚t鈥檚 fantastic to officially open the doors to our first UK office, realising our strategic intent to strengthen the COES presence in Scotland.

鈥淭here鈥檚 a significant volume of offshore decommissioning and renewables activity projected over the next decade and we鈥檙e looking forward to supporting the offshore sector from our new prime location in Dundee.

 鈥淚 would like to take this opportunity to thank Scottish Development International for its support and opening the gateway to this exciting new opportunity for COES, and indeed the offshore sector in Scotland and beyond.鈥�

The Minister for Business, Fair Work and Skills, , said: 鈥淚 am delighted to welcome COES to Scotland and the formation of COES Caledonia UK Ltd. In locating in Scotland, COES has recognised our supportive business environment which encourages innovation, investment and inclusive growth.

鈥淭he Scottish Government has already supported decommissioning projects in Dundee through the Decommissioning Challenge Fund, and we continue to work to realise the economic benefits from decommissioning activity in Scotland.鈥�

Councillor Alexander said: 鈥淚鈥檓 absolutely delighted that COES are creating a decommissioning and offshore renewables project base here in our dynamic and growing city.

鈥淭his has been the result of a determination by the council and its partners to ensure that we engage with businesses and encourage them to make Dundee their home.

鈥淚 look forward to the opportunities that this new base will create for our city. But we are not complacent and realise that there is still a lot of hard work that needs to be put in to realise the potential of this investment for the city.鈥�

Neil Francis, Director, Scottish Development International, said: "We鈥檙e thrilled that China Ocean Engineering Shanghai has taken the decision to locate its first UK subsidiary in Dundee. It鈥檚 estimated that decommissioning could be worth more than 拢10 billion to Scotland鈥檚 economy over the next decade and having one of the industry鈥檚 foremost heavy lift vessel providers base itself in Scotland is a boon to the country鈥檚 international standing in this field.鈥�

COES first announced its strategic intent to establish a project office in Scotland in 2017 during a meeting with the Scottish First Minister, Nicola Sturgeon, when she visited the COES Head Quarters in Shanghai as part of her trade mission to China.