The Economic Development Board of Singapore aims to develop at least 2 Mt of carbon capture potential by 2030, as part of plans to reduce emissions from the Jurong Island oil refinery hub and to raise the production of sustainable products in the energy and chemical sector by 1.5 times by 2030 from 2019 levels; this sustainable production should increase four-fold by 2050. A testbed for carbon capture and storage or reuse should be created on Jurong Island, where ExxonMobil or Shell own petrochemical plants. Both companies have already expressed their interest in developing CCS facilities in Southeast Asia.
Meanwhile, Shell has halved its crude oil processing capacity in Singapore and unveiled plans to build a 550,000 t/year biofuel refinery at its Pulau Bukom refining site, which would process renewable-based hydrogen and bio-feedstock (used cooking oils and animal fats) into sustainable aviation fuel (SAF) and renewable diesel for road transport by 2025. The project would help Shell meet its strategy to produce around 2 Mt/year of SAF by 2025 and raise the share of SAF in its global aviation fuels sales to 10% by 2030. In addition, Shell plans to build a 50,000 bbl/d pyrolysis oil upgrader to turn plastic waste into pyrolysis oil by 2023. Shell Singapore aims to halve emissions from its own operations by 2030 from their 2016 level and is considering developing a CCS facility in Singapore. The group has set a target to halve emissions from its global operations by 2030, and to cut its net carbon footprint by 45% by 2035.