Singapore LNG and six other companies signed a deal to develop ways to use hydrogen as an energy source in Singapore.
Besides terminal operator Singapore LNG, four Singaporean and two Japanese companies signed the memorandum of understanding on Monday.
These are PSA Corporation, Jurong Port, City Gas, Sembcorp Industries, Chiyoda Corporation and its main shareholder, Mitsubishi Corporation.
The memorandum involves the research and development of various technologies.
These are related to the importation, transportation and storage of hydrogen using Chiyoda’s SPERA technology, according to a joint statement.
SLNG CEO Tan Soo Koong said this deal marks a step towards making another sustainable energy option available for the country.
He said this is a “pioneering and very exciting collaboration”.
“We are in the midst of a global energy transition,” Koong noted. “SLNG is committed to doing what we can to facilitate and catalyse this process,” he said.
Low-carbon and low-emission economy
The National Research Foundation Singapore will also work alongside the companies.
The foundation will study how technologies such as catalysis can be further developed for the production and distribution of hydrogen.
“Singapore needs to stay ahead in the research and development of alternative energy sources in our transition towards a low-carbon and low-emission economy,” Low Teck Seng, CEO of NRF said.
He added the foundation was encouraged that companies are coming together to study hydrogen as an alternative fuel.