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32DIRECTORYOFSINGAPOREPROCESS&CHEMICALSINDUSTRIES2023/2024continuestoadvanceweforeseethathydrogencansupplyuptohalfofourpowerneedsby2050alongsidedomesticrenewableenergysourcesandelectricityimportsLow-carbonhydrogencanalsodecarboniseactivitiesthatcannotbeeasilyelectrifiedinsectorsthatarecriticaltoSingaporeItcanbeusedasfeedstockinsemiconductorplantsandpetrochemicalprocessesandhelpproducelowcarbonfuelsforairandseatransportAstheinternationalandtechnologicallandscapeforlow-carbonhydrogenisstillevolvingSingaporeistakingameasuredapproachbyfocusingonconcretenear-termstepstobuildupcapabilitiesinhandlingandutilisinghydrogensaidMrKwangKoonWayVicePresidentEnvironmentalSustainabilitySingaporeEconomicDevelopmentBoard(EDB)InR&DSingaporesseekstobetterunderstandandcontributetothedevelopmentofhydrogen technologiesOf theS$55millionofresearchfundingawardedto12projectsundertheLow-CarbonEnergyResearch (LCER) fundinginitiativefourinvolvedhydrogenContinuingthemomentumwehavesetasideanadditionalS$129millionforthesecondphaseofwhichasignificantamountwillbedirectedtowardsprojectsthatcanhelpSingaporeimporthandleandutilisehydrogenanditscarrierssafelyandatscalehesaidSingaporeisalsostartingsmallinadoptinghydrogenforpowergenerationIthasissuedanExpressionofInterest(EOI)forasmallscalecommercialprojectutilisinglow-carbonammoniaforpowergenerationandmaritimeThisEOIisthefirststepofamultistageprocessfortheGovernmenttoidentifytherightpartner(s)tocollaboratewithonapathfinderstudytoenabletheuseoflowcarbonammoniaforpowergenerationandmarinefuelbunkeringinSingaporenotedMrKwangWewillcontinuetomonitorthereadinessofthenecessarytechnologiesaswellasthedevelopmentofglobalsupplychainsforlow-carbonhydrogenThisistoensurethatSingaporecandecarboniseourpowergrid whilemaintainingcostcompetitivenessandenergysecurityTheEDBisalsodeveloping thelong-termlandandinfrastructuralplansforhydrogenprojectsMrKwangsaidNewinfrastructureprojectssuchasimportterminalsanddistributionnetworksforhydrogenandhydrogencarrierswillbeneededintheforeseeablefutureWearealsoreviewingthesafetyandregulatoryframeworksthatwillguidethesafestorageanduseofhydrogenAchievingnetzeroby2050isastretchtargetforSingaporegivenitslimitedcleanenergyoptionsbutwehavetopulltogetheranddoourpartforthegoodofsuccessivegenerationswhocallthisplacehome
