Gov’t eyes new trade flows for energy transition amidst tensions

It will also grow specialised trade expertise in green commodities.

The government will continue to grow new trade flows that support global energy transition amidst accelerating trade tensions, according to Enterprise Singapore managing director Cindy Khoo.

“The volume of biofuels and their feedstocks traded by our Singapore-based commodity traders grew by about 16% in 2023, and we expect Singapore to continue to play a key role in global biofuel trade,” she said.

New policy shifts, like China's Used Cooking Oil (UCO) export tax rebate removal in December 2024, will result in reduced flows of biofuel feedstock from China to Europe.

Khoo said biofuel players in Singapore can maximise the city-state’s position as a neutral marketplace to source from other feedback producers in the region such as Malaysia to support UCO exports to Europe.

“Next, we will grow specialised trade expertise in green commodities and data-related competencies to meet the talent needs of global traders,” Khoo said.

In the carbon space, Enterprise Singapore and the Singapore Economic Development Board worked with Nanyang Technological University (NTU) to launch the Carbon Markets Academy of Singapore last year.

The academy will deliver Asia-focused research for the region and offer courses in carbon services, trading, and management.

“Enterprise Singapore also partnered with NTU to incorporate data analytics modules into its international trading programme curriculum to equip future professionals with essential data skills,” she added.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia