Singapore

Singapore launched a $118m Bioeconomy Funding Initiative

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Singapore launched a $118m Bioeconomy Funding Initiative (Bioeconomy FI) to strengthen research and development in bio-based chemicals, materials, and products, the Economic Development Board announced. The initiative, under the Research, Innovation and Enterprise (RIE) 2030 Plan, is the country’s largest funding initiative dedicated to the bioeconomy to date. Together with other programmes, it brings Singapore’s commitment to bioeconomy-related initiatives to approximately $200m over the next five years.

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Neste helps ST Telemedia Global Data Centres become industry-first in Singapore to power its backup power generators with renewable diesel

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Photo: Tanker trucks arriving on the ST Telemedia site to fill up the storage tank with Neste MY Renewable Diesel. Source: ST Telemedia Global Data Centres

Neste is helping ST Telemedia Global Data Centres, one of the world’s fastest-growing data center providers, to become the first data center operator in Singapore to power its backup generators with renewable diesel. The switch from fossil diesel to Neste MY Renewable Diesel™ took place at STT GDS’s facilities in Singapore in late July this year. The fuel was delivered via Neste’s distribution partner, Interion Pte Ltd. 

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Singapore-headquartered Green COP secures significant Angel Investment

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Co-founders of Green COP (left to right): Sng Yee Ching, Low Wang Chang, and Hanson Lee, stand alongside their angel investors (left to right), Teo Teng Seng, appointed as Chairman, and Desmond Chong, representing Ken Energy Pte. Ltd., holding the signed agreement,

Green COP, a Singapore-headquartered deep-tech start-up in sustainable fuel solutions, successfully garnered substantial funding from a curated group of angel investors, including a  corporate investor, Ken Energy Pte. Ltd., positioning itself for accelerated growth and groundbreaking advancements in the sustainability landscape.

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Neste will boost its biofuel production capacity in Singapore

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Neste’s headquarter in Espoo, Finland

Finnish biofuel producer and oil refiner Neste said on Wednesday  it will boost its biofuel production capacity in Singapore with a bigger-than-expected investment of €1.4 billion (S$2.2 billion).

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