Anthropic AI Model Uncovers Vulnerabilities in Classified U.S. Government Systems During Security Test 
WiseTech Global Denies Knowledge of Investigation Into Founder Richard White 
Pelosi Discloses Major Intel and Uber Call Option Purchases Worth Up to $6 Million 
Micron Stock Surges on Strong AI Demand, Record Revenue, and Bullish Q4 Forecast 
Cerebras Revenue Forecast Tops Expectations, but Margin Concerns Weigh on Stock 
Kioxia Targets U.S. Listing as AI Chip Boom Accelerates 
Samsung and SK Hynix Shares Jump After Micron Earnings Boost AI Chip Optimism 
Meta Reportedly Developing ‘Arena’ Prediction Market App to Rival Polymarket and Kalshi 
Ryan Cohen Rejects GameStop Pay Package, Prepares New eBay Acquisition Plan 
Tencent Reviews Marvelous Stake as Gaming Giant Reassesses Global Investment Strategy 
Samsung Electronics Stock Surges on Report of Massive $59 Billion Share Buyback Plan 
Trump Orders DOJ Investigation Into Exxon, Chevron Over High Gas Prices 
Doncasters Raises $919 Million in NYSE IPO as Aerospace Growth Accelerates 
Johns Hopkins University Lays Off 110 Employees as Federal Research Funding Declines 
OpenAI May Delay IPO to 2027 Amid $1 Trillion Valuation Goal 
Alphabet Replaces Verizon in Dow Jones Industrial Average 
Nike CFO Shake-Up Fuels Concerns Over Turnaround Strategy 
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
