| | JUNE 20249IN FOCUSSEMBCORP TEAMS UP WITH BLOOM ENERGY TO GENERATE LOW-CARBON POWERand branch lines extending 1,340 kilometres, aligning with Aramco's strategic initiative to bolster gas distribution across the Kingdom. Sinopec is committed to completing the construction by the end of May 2027, marking a pivotal milestone in their partnership with Aramco. This collaboration follows earlier contracts awarded by Aramco, totalling over $3.3 billion, to Sinopec and Spain's Tecnicas Reunidas for the construction of a gas facility within Saudi Arabia. As per disclosures on the Spanish Stock Exchange, Sinopec will hold a majority stake of 65 percent in the project, with Tecnicas Reunidas securing the remaining 35 percent.Part of this expansive project includes the development of the Riyas natural gas liquids facility as part of the Jafurah unconventional gas production venture in Saudi Arabia. The contracts encompass various aspects such as engineering, procurement, and construction, including the establishment of liquefied natural gas distillation facilities within the Al-Riyas project, along with provisions for storage and export facilities.Aramco's Jafurah Gas Field, housing an estimated 200 trillion standard cubic feet of natural gas, represents a monumental discovery in the Middle East. Described by the energy giant as one of its most ambitious endeavours to date, the development underscores Aramco's commitment to advancing the region's energy landscape. Through strategic collaborations and forward-thinking projects like these, Aramco and its partners are poised to play a pivotal role in meeting the growing demand for clean and sustainable energy solutions both domestically and globally. Sembcorp Industries has announced a collaboration with U.S.-based fuel cell provider Bloom Energy to explore the potential use of Bloom Energy's low-carbon power generation technologies in Singapore. The partnership will focus on deploying Bloom Energy's Energy Server platform, which is listed on the New York Stock Exchange. This platform utilizes Bloom Energy's proprietary solid oxide technology to convert natural gas, biogas, or hydrogen into electricity without combustion, leading to low or zero carbon emissions.Sembcorp and Bloom Energy stated that this system has the potential to generate green energy in the future by utilizing low-carbon feedstocks. Moreover, the Energy Server can operate in conjunction with utility power as a grid-parallel system, helping to alleviate grid constraints. This capability makes it a versatile solution for integrating into existing energy infrastructures.The collaboration was announced at the inaugural Indo-Pacific Economic Framework for Prosperity's Clean Economy Investor Forum, highlighting the significance of this partnership in the context of regional economic and environmental initiatives.Sembcorp, based in Singapore, manages an energy portfolio of 21.2 gigawatts, with 14.4 gigawatts of this capacity coming from renewable energy sources spread across ten countries. Koh Chiap Khiong, CEO of Singapore and Southeast Asia at Sembcorp remarked on the burgeoning demand for green energy, particularly noting its relevance for data centers. He emphasized that this demand is expected to see robust growth in the coming years.This strategic partnership with Bloom Energy is poised to enhance Sembcorp's capabilities in providing sustainable energy solutions. By leveraging Bloom Energy's advanced technology, Sembcorp aims to support Singapore's energy transition and meet the increasing need for low-carbon and renewable energy sources. This initiative reflects a commitment to developing innovative energy solutions that can contribute to a more sustainable and resilient energy landscape in Singapore and beyond.
< Page 8 | Page 10 >