Singapore plans to invest additional SGD129m in low-carbon energy research in 2022, in order to support vital enablers of Singapore energy transition.
Namely, Low Yen Ling, Minister of State, Ministry of Culture, Community and Youth & Ministry of Trade, highlighted the importance of investment in research and innovation.
According to the minister, Singapore will invest SGD129m in low-carbon energy research (LCER) in 2022, significant amounts in projects to help import, handle and utilise hydrogen safely and at scale. This investment adds to SGD55m already awarded to LCER projects.
What is more, global investment in the hydrogen sector is set to grow rapidly, and continued innovation will help Singapore’s energy sector maintain competitiveness.
As part of Singapore attempts to achieve energy transition, ExxonMobil informed that successfully delivered two commercial bio-based marine fuel oil bunkering operations in the Port of Singapore on 13 August 2022 and 27 September 2022.
PAPUA, chartered by Papua New Guinea Liquefied Natural Gas Global Company LDC (PNG LNG), received ExxonMobil’s marine biofuel via ship-to-ship transfer in Singapore waters as part of the two deliveries. The bio-based marine fuel oil was consumed during PAPUA’s voyages in the Asia Pacific region.
The marine biofuel used is a 0.50% sulphur residual-based fuel (VLSFO) processed with up to 25% waste-based fatty acid methyl esters (FAME).
