Google and Apple Warn U.S. Visa Holders to Avoid International Travel Amid Lengthy Embassy Delays 
Niigata Set to Approve Restart of Japan’s Largest Nuclear Power Plant in Major Energy Shift 
Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions 
Saks Global Weighs Chapter 11 Bankruptcy Amid Debt Pressures and Luxury Retail Slowdown 
JPMorgan’s Top Large-Cap Pharma Stocks to Watch in 2026 
Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role 
AstraZeneca’s LATIFY Phase III Trial of Ceralasertib Misses Primary Endpoint in Lung Cancer Study 
Mexico Antitrust Review of Viva Aerobus–Volaris Deal Signals Growth for Airline Sector 
FDA Fast-Tracks Approval of Altria’s on! PLUS Nicotine Pouches Under New Pilot Program 
Trump Signals Push for Lower Health Insurance Prices as ACA Premium Concerns Grow 
Bridgewater Associates Plans Major Employee Ownership Expansion in Milestone Year 
FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement 
Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss 
John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training 
U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties 
California Regulator Probes Waymo Robotaxi Stalls During San Francisco Power Outage 
Seatrium Reaches $475 Million Settlement With Maersk Over Offshore Wind Vessel Project 
The Singapore government is teaming up with a consortium led by ExxonMobil and Shell to explore the feasibility of a cross-border carbon capture and storage (CCS) project. Second Minister for Trade and Industry, Tan See Leng, announced the ambitious plan to start the project by 2030.
Carbon Capture and Storage Overview
CCS is a method that involves capturing, transporting, and storing carbon dioxide to prevent its release into the atmosphere. Business Times noted that the partnership aims to assess the technical and economic viability of consolidating carbon dioxide emissions in Singapore and identifying suitable CO2 storage locations with regional collaborators.
Collaboration with Indonesia and Emission Reduction Goals
Reuters reported that Singapore and Indonesia have recently signed a Letter of Intent to establish a workgroup focusing on CCS collaboration. The joint effort aims to plan and execute a CCS project capable of capturing and securely storing a minimum of 2.5 million tons of CO2 annually.
The consortium, known as S Hub, will lead in developing the project. They will closely collaborate with the government to evaluate the feasibility of a cross-border initiative from Singapore, engaging with potential service providers to integrate their solutions into the CCS value chain.
Government Engagement and Decarbonisation
Singapore's Ministry of Trade and Industry (MTI) will liaise with local emitters to explore their involvement in the project. CCS is one of the key decarbonization strategies being pursued by Singapore, alongside investments in low-carbon energy alternatives.
As part of the Low-Carbon Energy Research Programme, S$55 million will support 16 projects to advance decarbonization efforts. This includes initiatives such as the Directed Hydrogen Programme (DHP) and the Emerging Technology Grant Call (ETGC), focusing on hydrogen-related technologies and advanced catalysts.
The DHP projects will concentrate on hydrogen and ammonia safety standards, ammonia utilization, and hydrogen distribution. The successful outcomes of these projects could accelerate the technical and commercial feasibility of hydrogen-related technologies.
Research and Innovation in Low-Carbon Energy
The ETGC projects will explore research avenues in low-concentration carbon capture, advanced ammonia processing catalysts, and hydrogen pipeline coatings. These innovations are poised to broaden Singapore's technological solutions for a sustainable energy future.
Photo: ExxonMobil Newsroom
