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59DIRECTORYOFSINGAPOREPROCESS&CHEMICALSINDUSTRIES2022/2023contractorsinvolvedinthisprojectareASPRImemberswhichincludePECHiapSengRotaryandotherPCMcompaniesTherearemanyopportunitiesforpartnershipsanditisimportanttomaintainandstrengthenrelationshipswithourlocalcontractorsThere has also been an increasing focus onsustainabilityanditiscriticalfortheindustrytodevelopskillsandcapabilitiestomeetsuchnewsustainableprojectrequirementsofthefutureTraditionaloilandgasprojectswillchangeMrKohaddedAsSingaporeistheonlycountryintheregionthathasimposedacarbontaxitisforcingcompaniestodothingsdifferentlyAtS$5permetrictonneitisrelativelylowfornowbutthereareplanstoraiseituptobetweenS$50toS$80pertonneofemissionby2030JurongIslandpetrochemicalcompaniesandrefinerieswillbemoreinclinedtoinvestincarbonreductiontechnologythananyotherplantsaroundForthisreasonIthinkalotnewtechnologiesnewprojectsoncarbonreductionwillbeinitiatedhereThisopensupnewopportunitiesforSingaporetodoalotofpilotssaidMrQuekOncethepilotworksitcanberolledoutintotheregionThetradeskillsrequiredlikelywillremainrelevantbutwhatwillchangecouldbethenatureofthetradesSaidMrQuekTherewillbecertainnewskillsthat weneedtoacquiretomeetthenewkindsofprojectsorinvestmentsWeneed tostayattunedso that weknow whatisgoingtocomehowdowegetourworkersgetourmembercompaniesreadytomovetowardsthatWehavetofeelthepulseandrallyourmembersandmoveintandemwiththedevelopment Thisisachallenge that ASPRIhastostepuptoEvenasASPRIcelebratesitsSilverJubileeitisbiddingfarewelltoitslongestPresidentMrCharlesQuekwhohasdecidedtostepdownhavingservedtheAssociationfaithfullyandwithcreditfor20yearsincluding10yearsasPresidentHeissucceededbyMrDannyChuawholikehispredecessorswaselectedtothepresidencyunopposedMrChuahasbeenwiththeAssociationsince2002abouttwoyearsafterhejoinedthefamilybusinessCYCInternationalHewasropedintothesub-committeeforproductivityinhisfirstyearatASPRIfollowedbytheyouthcommitteebeforebeingaskedbyECmemberMrFrancisTayandPastPresidentJamesGohtojointheECWellinitiallyIdidnotagreeIfeltthatIwasnotreadytocommittothecauseofASPRIduetomybusinesscommitmentsIjustcameonboardmyfamilybusinesssoItoldthemtowaitformeforanotheryearortwoandbythenIshouldhavealreadysettleddownwithmybusinessAndthatswhatIdidsaidMrChuaHejoinedtheECasTreasurerin2016andsubsequentlyasSecretaryHeconsidershimselfblessedforhavinginheritedanAssociationwhichisacknowledgedtobestrongandcohesiveSaidMrChuaIhavebeenwithASPRIforclosetoadecadeOneofourgreateststrengthsisthatwehaveverysupportivemembercompanieswhorespectoneanothereventhoughtheymaybecompetitorsManyofourmembercompanieshavenotjustgonethroughthisparticularpandemicbutpreviouscrisesaswellWhatcameoutfromthiscurrentcrisisisactuallytheresilienceofspiritofourmembercompaniesourExecutiveCouncilandSecretariatTherewillalwaysbesomeformofdisagreementstotheapproachesbutouropenfrankandcandiddiscussionshavehelpeddeveloptrustamongourmembercompaniesandASPRIIpersonallyhopethatwecancapitaliseonsuchstrengthtohelpourindustryinourenergytransitionoverthenext25yearsIhavemypredecessorstothankforthatandthatsoneofthereasonswhyImwillingtotakeupthechallengetobehonestwithyouButputtingthatasidedefinitelyitisnotaone-maneffortWerequireallthenecessarysupportnotjustthecouncilmembersbuttheSecretariatHishopeistobuildonASPRIsassetstocreateanevenmoreconduciveenvironment formembercompaniestocollaborateratherthancompeteespeciallyintechnologyadoptionandevenoverseasexpansionTenyearsfromnowhiswishisthattheindustrywillcontinuetostayrelevanttotheSingaporeeconomyWewillseealotoftransformationinourindustryinthiscomingdecadeanditiscrucialthatwecontinuetohelpmembercompaniesstayrelevantandcompetitiveIdohopethatourmembercompanieswillbeintheforefrontspearheadingsustainabilityforthebettermentof our climateIm quite certain more companieswilltransformoverthenextdecadeandtheywillhavealotofplans toexpand theirbusinessoperationsoverseasNewFaceatASPRI
