Scottish Enterprise and the Nippon Foundation signed a memorandum of understanding for a £15mn subsea energy pact at the Offshore Europe 2017 conference and exhibition in Aberdeen, Energy Voice reported on 7 September.
Both organisations will provide equal funding to projects that will see firms from Scotland assist Japanese industry with subsea technology challenges and collaboration between world-leading experts. The Nippon Foundation also signed a letter for collaboration with Robert Gordon University.
Scotland makes up 14% of the global subsea market, with an annual turnover of £7.5bn.