The Singapore Economic Development Board (EDB) has announced targets of increasing the country’s carbon capture capacity (CCC) to at least two million tonnes by 2030, and to more than six million tonnes of carbon abatement annually by 2050. The agency will develop a testbed for carbon capture technology on Jurong Island. The EDB will partner with JTC Corporation (JTC) and the Agency for Science, Technology and Research (A*STAR) to conduct a feasibility study on the carbon capture and utilisation test bed facility.

The agency has also announced targets for Singapore’s energy and chemicals sector to increase output of sustainable goods, such as biofuels, by 50 per cent by 2030, and four times by 2050, compared to current levels. EDB’s main objective is energy efficiency, with the goal of positioning refineries and crackers in the top quartile for energy efficiency by 2030.