Singapore: Low-Carbon Technologies Chiyoda Signs MOU with Singapore Firms to Develop Sustainable Hydrogen Economy
The deal is in line with Singapore Government’s Long-Term Low-Emissions Development Strategy to halve emissions by 2050. Chiyoda has proposed its hydrogen storage and transportation technology for the ambitious plan.
Japan – Chiyoda Corporation has recently announced that it has entered into an MOU with five Singaporean companies – City Gas, Jurong Port, PSA International, Sembcorp Industries, Singapore LNG Corporation, together with Mitsubishi Corporation, under the supervision of the Singapore Government, to collaborate towards a sustainable hydrogen economy in Singapore.
Singapore’s Government has announced its Long-Term Low-Emissions Development Strategy (Leds), which aspires to halve emissions from 2030 to 33 million tonnes of carbon dioxide equivalent by 2050, with a view to achieve net-zero emissions as soon as viable in the second half of the century. One of the key thrust to realise the Leds is drawing on emerging low-carbon technologies, such as low-carbon hydrogen. This also forms a key switch in Singapore’s Energy Story towards a clean, affordable and more reliable energy future.
Chiyoda’s hydrogen storage and transportation technology (hereinafter referred to as ‘Spera Hydrogen’ could play an important role. Parties, which have strong interests and would like to contribute to the idea, have been invited to discuss the commercial and technical opportunities to utilise Spera Hydrogen from October 2019.
Working closely with Chiyoda, a key technology and supply chain solution partner, the companies will identify and demonstrate use cases using Chiyoda’s Spera Hydrogen, Liquid Organic Hydrogen Carrier (LOHC) technology to allow hydrogen to be safely transported in chemical tankers at normal atmospheric temperature and pressure.
Mitsubishi will support this development as the main shareholder of Chiyoda. The five local companies will collaborate closely with these two key partners to evaluate the technical and commercial feasibility of hydrogen usage, to develop business for hydrogen import and utilisation in Singapore.