The Singapore government is keen on reducing the country's carbon footprint in energy fuels. In early March of this year, the government announced a policy to reduce the amount of greenhouse gas emissions in the country to half the level of 2030 (equivalent to about 33 mil mt of carbon dioxide) by 2050 as a measure to curb global warming.

Under this situation, in Singapore, local major companies and Japanese companies recently signed a memorandum of understanding to jointly develop hydrogen as a clean and sustainable energy resource to establish a low carbon society. The local companies are PSA Corporation Limited (PSA), the world's largest port operator, Jurong Port Pte Ltd (Jurong Port), operating multipurpose terminals, city gas supplier City Gas Pte Ltd, government-affiliated conglomerate Sembcorp Industries Ltd, and LNG (Liquefied Natural Gas) terminal operator Singapore LNG Corporation Pte Ltd. The Japanese companies are Chiyoda Corporation (Chiyoda) and Mitsubishi Corporation (Mitsubishi). The main technology to be used will be Chiyoda's SPERA Hydrogen that could store and transport hydrogen. This technology makes it possible to carry and store hydrogen at room temperature and pressure. Further, Mitsubishi will develop a business for hydrogen import and utilization.