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Singapore and Indonesia sign a letter of intent for CCS cooperation
Seetao 2024-03-15 15:44
  • This cooperation reflects the common determination of both sides in addressing climate change
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As the global climate change situation becomes increasingly severe, Singapore and Indonesia jointly announced a groundbreaking cooperation progress in February 2024- the two countries have officially signed a letter of intent on cross-border carbon capture and storage cooperation. This move not only symbolizes that the two countries have taken solid steps in addressing the challenges of climate change and promoting low-carbon economic development, but also creates a new blueprint for green and sustainable development in Southeast Asia, demonstrating the determination and actions of regional countries to jointly address global climate challenges.

According to the detailed content of the letter of intent for cooperation, Singapore and Indonesia will work together to carry out cross-border carbon capture and storage projects. Both sides will work together to research and implement innovative solutions to reduce carbon dioxide emissions and promote sustainable industrial development.

As a key component of the sustainable development plan for Jurong Island announced in November 2021, Singapore has set clear goals: to achieve the grand vision of net zero emissions by 2050 by adopting cutting-edge low-carbon technologies such as hydrogen and carbon capture and storage. According to this plan, Singapore has formulated detailed implementation steps: by 2030, the plan is to capture 2 million tons of carbon dioxide annually; By 2050, this number will significantly increase to 6 million tons per year. Keywords: overseas engineering, international engineering construction, foreign engineering construction news.

Indonesia hopes to further promote the development of carbon capture and storage technology through this cooperation, and aspires to become a CCS center in Southeast Asia. This not only helps to promote the decarbonization process of Indonesia's economy, but also is an important step for the country to achieve its net zero emissions target before 2060. According to expert estimates, Indonesia has a huge potential for carbon sequestration, reaching up to 60 billion tons, and its mature industrial foundation provides unique strategic conditions for forming a CCS hub in Southeast Asia. (This article is from the official website of Jiandao: www.seetao. com. Reproduction without permission is not allowed, otherwise it will be punished. Please indicate Jiandao's website and the original link when reprinting.) Jiandao's mechanical column editor/Zhou Yingwen

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