Pan-United to power concrete mixer trucks with electricity, hydrogen fuel cells
CONCRETE and cement provider Pan-United Corporation P52 is studying the feasibility of using electric and hydrogen fuel cells to power a fleet of more than 1,000 trucks.
The company announced on Wednesday (Jan 5) a partnership between its subsidiary Pan-United Concrete and consultancy Surbana Jurong to study the possibilities of decarbonising Pan-United's diesel-powered trucking fleet. Pan-United said its delivery fleet makes up to 7,000 trips a day across Singapore.
Surbana Jurong will help develop a business plan that considers techno-economic feasibility and potential carbon dioxide savings. Additionally, it will make carbon footprint calculations to determine the extent of carbon emissions reduced in Pan-United's future trucking fleet while working towards net-zero emissions.
The partnership is in line with Pan-United's sustainability goals - to offer only low-carbon concrete by 2030, carbon-neutral concrete products by 2040 and become a carbon-neutral ready-mixed concrete (RMC) company by 2050.
In 2020, both companies signed a memorandum of understanding with Keppel Data Centres and Chevron - with the support of the National Research Foundation - to identify and develop carbon capture technologies.
This is the second partnership between Pan-United and Surbana Jurong.
May Ng, Pan-United's chief executive, said the company recognises the importance of "synergistic collaborations" to help drive the built environment towards net-zero emissions.
"As a key player in this sector, we are committed to invest to reduce our carbon footprint and provide low-carbon and carbon-neutral concrete products for the built environment," she added.
Shares of Pan-United were trading at S$0.34, down S$0.0050 or 1.5 per cent, as at 1.53pm.
READ MORE:
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Singapore government slaps loan curbs on individual private-hire car buyers
If Europe goes to war, the fallout will be felt in East Asia
The grid is the transition: Why Asean’s next energy challenge is coordination
Indonesia stocks suffer worst plunge in nearly 30 years as MSCI proposes standalone status