Committee of Supply 2024 debate, Day 3: Tan See Leng on unlocking Singapore’s resource potential
Singapore is a small nation with limited natural resources but it is working hard to carefully optimise what it has, Second Minister for Trade and Industry Tan See Leng told Parliament on Friday (Mar 1). He elaborated on how the country aims to unlock potential and bring in new opportunities in four areas - energy and carbon, research and development (R&D), manpower and land. Dr Tan shared how Singapore has been moving to ensure it has a stable power system amid its energy transition. He revealed that S$43 million will go towards supporting six research projects, looking into how Singapore can import and use hydrogen safely and economically. The country is also seeking to decarbonise its industrial processes. The Government will work with S Hub, an industry consortium comprising ExxonMobil and Shell, to study the viability of developing a cross-border carbon capture and storage project capturing emissions from Singapore. Meanwhile, the Ministry of Trade and Industry is doubling down on efforts to support R&D investment, especially in deep tech for critical and novel technologies. It is creating new R&D translation platforms and pouring in additional resources to catalyse four key sectors - semiconductors, RNA drugs and vaccines, medical technology and robotics.
Singapore is a small nation with limited natural resources but it is working hard to carefully optimise what it has, Second Minister for Trade and Industry Tan See Leng told Parliament on Friday (Mar 1). He elaborated on how the country aims to unlock potential and bring in new opportunities in four areas - energy and carbon, research and development (R&D), manpower and land. Dr Tan shared how Singapore has been moving to ensure it has a stable power system amid its energy transition. He revealed that S$43 million will go towards supporting six research projects, looking into how Singapore can import and use hydrogen safely and economically. The country is also seeking to decarbonise its industrial processes. The Government will work with S Hub, an industry consortium comprising ExxonMobil and Shell, to study the viability of developing a cross-border carbon capture and storage project capturing emissions from Singapore. Meanwhile, the Ministry of Trade and Industry is doubling down on efforts to support R&D investment, especially in deep tech for critical and novel technologies. It is creating new R&D translation platforms and pouring in additional resources to catalyse four key sectors - semiconductors, RNA drugs and vaccines, medical technology and robotics.
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