Singapore and Japan have signed a Memorandum of Cooperation (MOC) to pursue collaboration on Carbon Capture and Storage (CCS).
The latest pact was signed on the sidelines of the second Asia Zero Emissions Community (AZEC) Ministerial Meeting in Jakarta.
The MOC will facilitate knowledge exchange on best practices for cross-border CCS, share insights on CCS technologies and pool together expertise to accelerate regional adoption.
Minister Tan said, “This MOC signals both Singapore and Japan’s interest to deploy decarbonisation pathways to address climate change. Singapore is keen to work closely with Japan to develop and adopt common standards for CCS, creating a more interoperable market for CCS solutions in the region. Japan is also a leader in CCS technology innovation, and there is much to learn from Japan in terms of research and adoption of CCS technologies.”
The International Energy Agency (IEA) has affirmed the role of CCS in limiting future temperature increases, as no other technology solution is capable of delivering deep emissions reductions needed across industrial processes, nor reducing emissions from coal and gas power generation capacity.
Singapore is targeting Net Zero by 2050 – for the public sector, five years earlier – and aiming to reduce emissions to around 60 million tonnes of carbon dioxide equivalent (MtCO2e) by 2030. Its power sector accounts for around 40% of emissions.
Last year Japan set a target of annual carbon dioxide (CO2) storage capacity of 6-12 million tonnes by 2030.
Seatrium and Nanyang Technological University, Singapore recently unveiled the Seatrium New Energy Laboratory which aims to drive innovation, focusing on addressing challenges related to new energies, offshore renewables, marine decarbonisation, and digitalisation within the Offshore & Marine (O&M) industry.
Areas of research include an ammonia release mitigation and capture system, MOF-based post-combustion carbon capture system and digitalisation enhancing marine electrification.
Read more: Seatrium and NTU Singapore forge alliance to drive offshore energy innovation
