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    Singapore awards S$55mn to 12 hydrogen, CCUS projects

Summary

The funding will help improve the technical and economic feasibility of using hydrogen and CCUS to decarbonise Singapore’s power and industry sectors.

by: Shardul Sharma

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Complimentary, Natural Gas & LNG News, Asia/Oceania, Security of Supply, Energy Transition, Hydrogen, Carbon, News By Country, Singapore

Singapore awards S$55mn to 12 hydrogen, CCUS projects

The government of Singapore has awarded S$55mn ($40.86mn) to support 12 research, development and demonstration projects on low-carbon energy technology solutions, it said on October 25.

The funding will help improve the technical and economic feasibility of using hydrogen and carbon capture, utilisation and storage (CCUS) to decarbonise Singapore’s power and industry sectors, the government said.

The funding will be allocated from the S$49mn Low-Carbon Energy Research Funding Initiative (LCER FI), announced in October 2020. Additional funds will come from the Research, Innovation and Enterprise 2025 (RIE2025) budget. Projects funded under the LCER FI will go towards reducing costs and increasing efficiencies of hydrogen-related processes, the government said.

“As an alternative energy-disadvantaged country, we have to invest early in low-carbon energy technologies such as hydrogen, and carbon capture, utilisation and storage (CCUS), so that we are able to meet emission targets in 2050 and beyond,” Singapore’s minister for trade and industry Gan Kim Yong said.

The LCER FI is a multi-agency initiative involving the Agency for Science, Technology and Research, the Economic Development Board, the Energy Market Authority, the National Climate Change Secretariat, and the National Research Foundation.