Ladies and gentlemen.
The Make the Future Singapore festival is a fitting venue for me to talk about Singapore as a living lab of innovation and how Shell is working with the country to address future challenges.
Working with Singapore together on challenges is something we have done from the very beginning of our long and rewarding partnership in the country.
Our history with Singapore can be traced back to 1891 when we ran the first petroleum tank depot of its kind in the East, on Pulau Bukom.
Later during Singapore’s industrialisation era, we became an early investor in the country, and started building Singapore’s first oil refinery in 1959 on Pulau Bukom. That earned us the Pioneer Certificate No. 1.
It was a move that has transformed both Singapore and Shell.
Singapore has developed into one of the world’s major refining hubs, creating an entirely new industry for the nation.
And Bukom remains Shell’s largest wholly-owned refinery in the world. It anchors the company’s business presence in the Asia-Pacific region, as a major petrochemical production and export centre.
Today, Shell continues to invest and innovate in Singapore.
Right now, we have several projects which demonstrate how we are adapting our businesses to grow for the future.
Our Jurong Island chemicals plant is one of Shell’s four global innovation labs, using data and technology to improve processes. Last October, it was recognised with an energy efficiency award by Singapore’s National Environment Agency.
We have also launched a new petrol station concept at Tampines Ave 2 which reduces energy and water consumption. Rainwater is harvested to water plants and flush toilets, motion detectors ensure that lighting is only activated when necessary and solar tubing brings natural light into areas that would otherwise be lit with electricity.
And in November, we opened our Tuas lubricants facility, our third largest in the world, to serve the increasing demands of a growing Asia.
Shell will continue to work with Singapore, not only on its journey towards greater prosperity, but also through the energy transition underway to tackle climate change.
Singapore has declared 2018 its Year of Climate Action.
As the ASEAN chair this year, it plans to, by 2020, reduce energy intensity in the region by 20 per cent from 2005 levels.
It also aims to increase the share of renewable energy in the ASEAN energy mix to 23 per cent by 2025, from 10 per cent in 2015.
Shell intends to work together with Singapore and Asia as we move in the same direction.
Let me give you three examples.
Last year, we rolled out our first fast-charging network for electric vehicles in the Philippines, across one hundred Shell stations in Manila. This is in line with the Philippine government’s push to encourage more motorists to switch to electric cars.
Early this year, we invested in Husk Power Systems, an Indian company which provides small-scale electricity solutions to communities in India and Tanzania that are under-served by national power grid networks. The company generates power from a mix of sources, including solar panels and gas created by processing rice husks. This allows it to supply reliable and affordable electricity to rural areas.
Closer to home, we have also invested in Singapore’s Sunseap, to collaborate on solar projects across Asia. Sunseap is Singapore’s largest clean energy solutions provider. It has also worked on regional projects, including solar farms in India and Cambodia.
For Shell is determined to build further on the proud history it shares with Singapore… and on the steadfast presence we have in Singapore today… to play our part for generations to come in this great country
We have shared a proud past.
Now let’s make the future together.