The consortium led by Keppel Ltd. has been appointed by the Energy Market Authority (EMA) and Maritime and Port Authority of Singapore (MPA) to conduct the next phase of the project to develop a low- or zero-carbon ammonia solution on Jurong Island, Singapore for power generation and bunkering, marking a significant milestone in the nation’s transition towards a low-carbon energy future. This appointment follows EMA and MPA’s Request for Proposal (RFP) process, where Keppel and its consortium partners, Sumitomo Corporation, and Advario, conducted a comprehensive preliminary front-end engineering and design (pre-FEED) study.
The consortium will proceed to undertake a FEED study across the entire value chain, for a 55-65 MW ammonia power plant, terminal infrastructure and bunkering solutions, laying the foundations for a potential Final Investment Decision.
Ms Cindy Lim, CEO of Keppel’s Infrastructure Division, said, “We are honoured to lead this trail-blazing consortium, paving the way towards a resilient, low-carbon energy future. Building on a successful pre-FEED study, we will continue working with world-class partners Sumitomo Corporation and Advario, while harnessing Keppel’s deep engineering expertise and proven operating capabilities to deliver a cost-competitive, scalable ammonia value chain for low-emission power generation and bunkering. If implemented, this would be among the world’s first direct-ammonia combustion power plants—and Singapore’s first—setting a new benchmark for clean fuel solutions and global decarbonisation.”
As the developer and operator of Singapore’s first hydrogen-compatible power plant and its first cross-border low-carbon power importer, Keppel continues to play a pivotal role in advancing the nation’s energy transition. These landmark initiatives demonstrate Keppel’s key role in supporting Singapore’s “Four Switches” strategy, particularly in accelerating the adoption of low-carbon alternatives and regional power grids. Keppel also owns and operates Keppel Merlimau Cogen Power Plant, a 1,300 MW combined cycle gas turbine power plant, which has undergone significant upgrades for higher efficiency and reduced carbon emissions, with the potential for hydrogen co-firing. By integrating innovative technologies and forging strategic partnerships, Keppel is helping to build a more resilient, sustainable, and diversified energy future for Singapore.
Bas Verkooijen, CEO of Advario, said: "We are proud to have been appointed, together with our consortium partners Keppel and Sumitomo Corporation, by the EMA and MPA to provide a low- or zero-carbon ammonia solution on Jurong Island. This is a great example of the power of partnerships, as well as Advario’s commitment to playing a frontrunner role in the energy transition.”
Kazuki Yamaguchi, General Manager, Maritime Energy Solution SBU, Sumitomo Corporation said, “Being selected as the choice proponent marks a pivotal milestone for our team. We have been intensively exploring ammonia bunkering since 2021, laying the groundwork for the solutions we are now advancing in close partnership with Singapore’s regulators. We deeply appreciate MPA’s trust in us as a strategic partner in shaping the future of sustainable shipping. Achieving true scale and commercialisation, however, is a challenge that no single company can tackle alone – it demands bold collaboration across the entire maritime value chain. This spirit of collaboration is one we are also proud to share with our consortium partners, Keppel and Advario, as we collectively work towards building a clean ammonia ecosystem in Singapore that can serve as a model for the region and beyond.”
The abovementioned development is not expected to have any material impact on the net tangible asset per share or earnings per share of Keppel for the current financial year.
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About Keppel Ltd.
Keppel Ltd. (SGX:BN4) is a global asset manager and operator with strong expertise in sustainability-related solutions spanning the areas of infrastructure, real estate and connectivity. Headquartered in Singapore, Keppel operates in more than 20 countries worldwide, providing critical infrastructure and services for renewables, clean energy, decarbonisation, sustainable urban renewal and digital connectivity. Keppel creates value for investors and stakeholders through its quality investment platforms and diverse asset portfolios, including private funds and listed real estate and business trusts.