Singapore commits S$143 million to industrial decarbonization R&D
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- Developments
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- Repetition
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New informationRepeats or wire copies
What happened
Singapore committed S$143 million to fund the research and commercialization of low-carbon technologies for heavy industries. Separately, Deputy Prime Minister Gan Kim Yong announced a pilot program to use biomethane as a lower-carbon replacement for fossil gas in power generation starting in 2028.
Why it matters
The funding initiative supports the decarbonization of heavy industries by prioritizing solutions in carbon capture, carbon utilization, and industrial heating electrification. The goal is to increase the potential for companies' low-carbon solutions to be commercialized and deployed.
From businesstimes.com.sg
Who's involved
- SingaporeThe government implementing the national decarbonization strategy.
- Economic Development BoardThe governmental agency leading the industrial decarbonization efforts.
- Gan Kim YongThe Deputy Prime Minister who announced the biomethane pilot.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- ST EngineeringSpeculative
Might see increased contracts for its technology services as the government supports industrial decarbonization R&D.
How it developed
Newest first. Tap a step to see who reported it.Gan Kim Yong announced a biomethane pilot as part of Singapore's industrial decarbonization efforts.1 source
Deputy PM Gan Kim Yong highlighted climate goals as EDB leads industrial decarbonization efforts.1 source
Keep exploring
The entities involved
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Singapore
sovereign island country and city-state in maritime Southeast Asia
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Economic Development Board
statutory board of Singapore
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Gan Kim Yong
Singaporean politician
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