News

Keppel unit to explore ammonia-fired gas turbine adoption on Jurong Island

The study will be conducted alongside Mitsubishi Heavy Industries and DNV.   Keppel New Energy, a wholly owned subsidiary of Keppel Infrastructure, will explore the use of 100% ammonia as a fuel for a gas turbine or combined cycle gas turbine (CCGT) alongside Mitsubishi Heavy Industries (MHI) and global independent energy expert, DNV.    The parties will conduct the high-level Quantitative Risk Assessment on Jurong Island.   Under the memorandum of understanding (MoU) signed by Keppel New Energy will study the feasibility of ammonia fuelled power plant, whilst MHI will develop an ammonia-fired gas turbine that produces carbon-neutral power.   DNV, for its part, will lend its assurance and risk management expertise to prepare and present a QRA analysis on the project.   Through the MoU, Keppel, MHI, and DNV aim to draw up robust assessment guidelines to ensure the safety and sustainability of ammonia as a clean fuel, while maintaining high efficiency and low NOx emissions for use in a gas turbine system for power generation.

Ascendas REIT, Ascott Residence Trust, Ascendas India revise names 

The names of their managers were also changed.   The names of property firms, Ascendas Real Estate Investment Trust (Reit), Ascott Residence Trust (ART), and Ascendas India Trust, were modified as well as their managers. 

Chart of the day: Singaporean residents are getting older

The median age for most residents is 42 years old.

Nearly 7 out of 10 Singaporeans acknowledges the importance of sustainable travel

The impact of travel has topped the list of reasons for sustainable travel.

Freehold East Coast residential property up for sale for $15.25m

Expression of Interest will close at 3 p.m. on 1 November.

Shop and office units at International Plaza on sale for $60m

The sale will be conducted by expression of interest.

How much will Singaporeans spend on F&B establishments during F1 weekend?

Research by SevenRooms showed that the biggest spenders will be those aged 55 and over.

Where Singaporeans want to go next

Taiwan, Hong Kong, and Japan are amongst their top searches. 

3 motivations pushing the wealthy to sustainable investments

About 24% of investors have more than 15% of sustainable investments in their portfolio.

Deal making activity down 33.7% YoY in first nine months: report

Overall mergers and acquisitions reached $127b (US$13.8b) year-on-year.

Gov’t may consider an outright ban on fossil-fueled vehicle sales

The government said it will only cease new diesel car and taxi registrations.

Developers may reassess bids for enbloc sites due to revised LBC rates: analyst

The revised rates is from 23 September 2022 to 28 February 2023.