7 New Companies Join Low Carbon Technology Industry Consortium To Advance Opportunities

7 New Companies Join Low Carbon Technology Industry Consortium To Advance Opportunities - Carbon Herald
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New companies are joining a consortium in Singapore to explore carbon capture, utilization and sequestration (CCUS) and hydrogen developments within the country. Air Liquide Singapore, Keppel, Chevron Singapore, Pan-United Corporation, Surbana Jurong, Osaka Gas Singapore and Pavilion Energy have signed a memorandum of understanding (MoU) to collaborate on lower carbon opportunities to help Singapore reach its net-zero by 2050 ambitions.

They are joining a consortium called the Low Carbon Technology Industry Consortium (LCT-IC) with a MOU first signed in 2020, aiming to accelerate the development of integrated and energy-efficient CCUS systems that would lead to a lower carbon economy for Singapore.

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The parties will explore advancements in technologies, exchange ideas, share technical insights and develop lower carbon research, development and demonstration. They will explore how to accelerate the development of cost-effective carbon capture, utilization and sequestration (CCUS) as well as the production, transportation, distribution and utilization of lower carbon hydrogen and its derivatives at scale.

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Since an earlier MOU in 2020, the parties have collaborated with the National University of Singapore (NUS) to propose solutions to combat rising seawater levels. Chevron and Surbana Jurong also partnered with NUS and Nanyang Technological University (NTU) on developing and validating novel hollow fibre membranes for carbon dioxide (CO2) capture.

Some of their current efforts regarding CCUS also include exploring opportunities around CO2 mineralization for use within the building and construction industry. The Low Carbon Technology Industry Consortium is expected to be involved at various points within the CCUS value chain to jointly study feedstock availability, potential market demand and new product qualification requirements.

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“This could be followed by a techno-economic analysis and product life-cycle assessment,” as explained in their statement. 

“It is heartening to see the scope of this collaboration being broadened, as innovation through R&D will be crucial in tackling common problem statements and barriers to adoption,” also commented Frederick Chew, chief executive officer of A*STAR and guest-of-honour at the MOU signing.

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