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39DIRECTORYOFSINGAPOREPROCESS&CHEMICALSINDUSTRIES2023/2024domesticclimatetargetsandiscommittedtoworking withindustry tomeet these targets Weare willing totakeconcretesteps tosupportandadvanceindustrydecarbonisationinitiativesincludingcross-cuttingenablersForexampleA*STAREDBandJTCareexploringaLowCarbonTechnologyTranslationTestbedonJurongIslandtoaccelerateindustryadoptionofemerginglow-carbontechnologiessuchaslow-carbonhydrogenandcarboncaptureandutilisationtechnologiesAnMOUwassignedwith13ecosystempartnerssuchasChevronEvonikandExxonMobiltoseekinsightsontheconceptanddesignofthetestbedIntheaviationsectorCAASSIAandGenZeropilotedtheuseofblendedSAFinSIAandScootdepartingflightsatChangiAirportsaidMrKwangSingaporesexistingstrengthsaschemicalsandtransporthubswillalsoputitingoodsteadinattractingcompaniestomanufacturesustainableproducts WhilesomenewskillsandcapabilitiesmaybeneededitisstartingfromasoundbaseE&Ccompanieshavethecapabilitiestooperateinfrastructuresupportingthedistributionandstorageoflow-carbonfuelssuchaslow-carbonhydrogenandammoniaE&CcompaniesalreadyownsomeoftheseinfrastructureonJurongIslandtodayandwillbeabletoleverageontheseassetstosupportSingaporesenergytransitiontocleanerfuelsMrKwangnotedForinstanceAirLiquideownsandoperatespipelinesinSingaporetosupplyhydrogentoitscustomersintheE&CsectorwhileVopakalreadyoperatesanammoniastorage tankatitsBanyanterminalandislookingatexpandingitsammoniainfrastructureforlow-carbonpowergenerationandbunkerfuelsE&Ccompaniesalsohavethecapabilitiesneededforneedle-movingdecarbonisationinitiativeslikeCCSgiventheirunderstandingofthegeologyandengineeringrequiredtostoreCO2undergroundandexperienceinhandlingandtransportingCO2ExxonMobilChevronShellandLindeareallexamplesofcompaniesexploringandinvestinginCCUSMrKwangaddedAsenablerstotheE&CindustryASPRImemberswillbenefitfromtheindustrystransitiontosustainableproductmanufactureandproductionAsE&Ccompanieswillhavetoretrofitits current orbuildnewplantsitpresentsopportunitiesfortheProcessConstructionandMaintenance(PCM)sectorPCMcompaniesmustremainadaptableandcontinuetostriveforhigherproductivitytoremainrelevantandcompetitiveThisisachievedbyemployinghigherskilledworkersandadoptingautomationandmechanisationwherefunctionallypossibleattheworksitestoreducerelianceonmanpowersaidMrKwang
