Halliburton, A*STAR $35m lab targets 50% sector growth by 2030

New joint lab converts R&D into industrial solutions.

The Ministry of Trade and Industry officiated the launch of the Halliburton–A*STAR Next-generation Energy Xccelerator Joint Lab, which aims to grow the sector’s value-add by 50% by the end of the decade, whilst supporting the city-state’s Manufacturing 2030 vision.

The $35m joint investment between Halliburton and A*STAR is set to accelerate the rate of commercialisation of innovative ideas to meet the fast-moving demands of the global energy and manufacturing sectors, Minister of State (MOS) Alvin Tan said at the launch.

He also described the lab as a “high-performance converter” designed to transform research and development (R&D) into real-world industrial solutions.

The lab will solve practical manufacturing challenges, ensuring the potential of a new design is converted into a kinetic solution that can be manufactured at scale.

It will also combine the expertise of researchers and engineers from both Halliburton and A*STAR, alongside the government and global companies.

Tan underscored Halliburton’s contribution to Singapore’s industrial momentum since 1973, with the establishment of its first regional manufacturing centre in 1990 and its global headquarters for Completion Technology in 2011.

The MOS also said that Halliburton has invested more than $2m in nine joint R&D projects with A*STAR.

“I look forward to the breakthroughs that will emerge from this collaboration. I am sure they will reinforce Singapore’s position as a place where advanced manufacturing is not just a latent possibility, but an active, driving force for the future,” he said.

A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. 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