Chevron Singapore, Keppel, Pan-United Corporation, Surbana Jurong, Air Liquide Singapore, Osaka Gas Singapore, and Pavilion Energy have joined forces in the Low Carbon Technology Industry Consortium to advance Singapore's net-zero ambitions by 2050. Focused on Carbon Capture, Utilisation and Sequestration and lower carbon hydrogen, the consortium aims to commercialize innovative technologies, building on previous successes and broadening partnerships to accelerate Singapore's transition to a lower carbon future.
In a resolute commitment to Singapore's net-zero aspirations, industry leaders Chevron Singapore, Keppel, Pan-United Corporation, Surbana Jurong, Air Liquide Singapore, Osaka Gas Singapore, and Pavilion Energy have united under the banner of the Low Carbon Technology Industry Consortium (LCT-IC). The consortium, an extension of a 2020 MOU, is set to spearhead advancements in Carbon Capture, Utilisation and Sequestration (CCUS) and lower carbon hydrogen technologies, steering Singapore towards a sustainable and greener future.
The LCT-IC, comprising key players from diverse sectors, envisions a collaborative effort to explore and accelerate the development of cost-effective CCUS and lower carbon hydrogen technologies at scale. This strategic partnership welcomes Air Liquide Singapore, Osaka Gas Singapore, and Pavilion Energy as new members, enriching the consortium's expertise and reach.
Underlining the commitment to research and development, the LCT-IC members will actively engage with Institutes of Higher Learning (IHLs) and Research Institutes (RIs) to delve into lower-carbon energy technology solutions. The consortium's framework emphasizes research, technology translation, and scalable solutions, aligning efforts to develop commercially viable solutions that contribute to Singapore's energy transition.
The LCT-IC has proven instrumental in fostering innovation through collaborations with academia, startups, and research institutes. Notable initiatives include combating rising seawater levels and developing novel hollow fiber membranes for carbon dioxide capture. The consortium's engagement in research grant calls and contributions to industry standards reflects its proactive stance in shaping Singapore's energy landscape.
In expanding the scope of the MOU, the LCT-IC aims to deepen its focus on CCUS and lower carbon hydrogen and derivatives throughout the end-to-end value chains. A notable venture involves exploring CO2 mineralization for use in the construction sector, where sequestered CO2 in concrete holds the potential to reduce embodied carbon in buildings. The consortium envisions a comprehensive analysis encompassing feedstock availability, market demand, and techno-economic evaluations.
Frederick Chew, CEO of A*STAR, applauds such industry consortiums, emphasizing their role in developing and deploying low-carbon technologies crucial for achieving Singapore's net-zero targets. Law Tat Win, Chevron Singapore Country Chairman, highlights the significance of partnerships in advancing energy transition, expressing excitement about the collaborative journey towards a lower carbon energy future.
The Low Carbon Technology Industry Consortium emerges as a beacon of collaborative innovation, propelling Singapore's net-zero agenda forward. With a focus on CCUS and lower carbon hydrogen technologies, the consortium's expanded partnership signals a collective commitment to shaping a sustainable future. As the LCT-IC delves into transformative initiatives and explores new frontiers, its endeavors promise to be pivotal in steering Singapore towards a greener, more resilient tomorrow.