Advancing Sustainability: Keppel and JBIC Collaborate on Clean Energy Supply Chain in Asia
Key Ideas
- Keppel and JBIC sign MoU to establish a clean energy supply chain in Asia focusing on renewable energy, transmission lines, hydrogen, and data centers.
- The collaboration aims to promote carbon neutrality and economic growth in Asia, offering potential financing for electricity importation and low-carbon energy projects.
- Keppel's expertise in sustainability and digital infrastructure combined with JBIC's financial strengths aim to set new standards for sustainable development in Asia.
- JBIC plans to achieve net zero emissions in its finance portfolio by 2050 and is focused on contributing to decarbonization efforts in partnership with Japanese companies.
Singapore-based Keppel, in partnership with the Japan Bank for International Cooperation (JBIC), has signed a MoU to establish a clean energy supply chain in Asia. The collaboration will focus on areas such as renewable energy, transmission lines for energy trade, hydrogen, ammonia, data centers, and subsea cables. The aim is to advance the energy transition and promote sustainable digitalization in the region. Keppel's Managing Director highlighted the importance of this partnership in driving Asia towards a low-carbon future. Keppel is actively involved in various projects in Asia, including clean energy initiatives with hydrogen and ammonia, electricity trade in ASEAN, and data center developments in the Asia-Pacific region. Meanwhile, JBIC is working towards achieving net zero emissions in its finance portfolio by 2050 and is committed to supporting decarbonization efforts through collaborations with Japanese enterprises. This partnership signifies a significant step towards building a sustainable energy supply chain in Asia while contributing to the global goal of carbon neutrality.