S’pore looking into wider adoption of biofuels, bioresources to hit net-zero emissions target

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S’pore looking into wider adoption of biofuels, bioresources to hit net-zero emissions target
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The authorities have called for a tender to examine potential sources of biofuels and natural renewables. Read more at straitstimes.com.

In response to queries from ST, MTI and NCCS said the study will consider the potential of various biofuels and sustainable bioresources, taking into account factors such as cost-effectiveness in emissions reduction and existing infrastructure for fuels and feedstocks.

The physical and socio-economic impact of the production and utilisation of selected biofuels and bioresources on biodiversity, land use and the carbon cycle would also need to be assessed. Mr Sanjeev Gupta, Ernst & Young’s Asia-Pacific oil and gas leader, said Singapore has “highly efficient” refinery capabilities for traditional fuels like oil, along with a robust maritime infrastructure for transportation.

However, for Singapore to import biofuels, it would have to take into account shelf life, which is around four to six months if stored in a controlled environment.More help for companies to assess climate-related risks and understand green finance

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