The Business Times

Jurong Island

International

ExxonMobil’s latest Singapore facility signals that innovation can continue amid global challenges: DPM Gan

The move comes even as the company is set to lay off 10% to 15% of its Singapore workforce by end-2027

Exxon has in the past two years gradually scaled down term contract volumes with customers in Singapore.
Energy & Commodities

ExxonMobil to permanently shut one steam cracker in Singapore from March: sources

The closure of the plant, which opened in 2002, is expected to be completed by June

DPM Gan called for Jurong Island (pictured) to be a beacon of low-carbon innovation
ESG

JTC, NUS to explore setting up new facility on Jurong Island to test green data centre innovations

Separately, refiner Aster will invest US$150 million in a new gas turbine, and inks deal to produce low-carbon hydrogen

Aster's group CFO Andre Khor believes that the industry is going through "recalibration", not "destruction".
ESG

Buyer of Shell’s refinery has set aside US$2 billion for Singapore investments; more deals on the way

Aster is betting on ‘strategic resilience’ as it invests through the oil and gas down cycle

The deal signing, held at Temasek Shophouse on Nov 11, was also attended by Temasek's former chief executive Ho Ching (far left).
ESG

Singapore’s Pulau Bukom to house new sustainable aviation fuel plant by Aster, Aether Fuels

The move comes amid a deal spree by Aster, a joint venture between Indonesia’s Chandra Asri and commodities trader Glencore

As the Asean Power Grid picks up momentum, Singapore's data centres may be able to tap clean energy from the region.
ESG

Data centres and clean power: Tricky marriage in the spotlight at Singapore’s energy forum

There are calls for financing support and grid upgrades to boost the union’s viability

Tembusu Multi-Utilities Complex (pictured) was built in 2013 with a S$1 billion investment.
ESG

Singapore’s only active coal plant to transition to biomass by 2028

This will put the Republic 22 years ahead of its deadline to phase out unabated coal

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