• Airways
  • Railway
  • Roadways
  • Shipping & Port
Transport Advancement
  • Home
  • News
  • Projects
    Highways England unveils plans to widen A12

    Highways England unveils plans to widen A12

    African Development Bank, Africa50 in Landmark Bridge Project Linking Kinshasa and Brazzaville

    Geely Holding to Cooperate with China Aerospace Science and Industry Corporation on Developing Technologies Including Supersonic Trains

    AECOM to provide site supervision services for Malaysia’s East Coast Rail Link project

    Talgo obtains €30 million from the European Investment Bank for Innovation projects

    U.S. Department of Transportation Advances Rail Projects in Florida and Texas

    World premiere of the Mercedes-AMG Project ONE: Mercedes-AMG brings Formula 1 technology to the road

    One of the world’s longest electric car highways will be built in Australia

    CX North America Releases Next-Generation Mobile App for Drivers

  • Articles
  • Press Statements
  • Market Reports
    Austal signs agreement to buy BSE Maritime Solutions

    Austal signs agreement to buy BSE Maritime Solutions

    HPC leads machine learning initiative at Hamburg container terminal

    Chinas busiest port sees growth in sea-rail transport

    IATA health checklist to help airlines implement ICAO Covid-19 guidance

    Air cargo demand helps Korean to Q3 operating profit

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Transoft acquired Keysoft Solutions

    Transoft Solutions Completes Acquisition of Uk-based Keysoft Solutions

    GRAHAM

    GRAHAM revenue stabilisation sets the platform for sustainable growth

    DP World Acquires Topaz in USD 1.1 Bn Deal

    DP World Acquires Topaz in USD 1.1 Bn Deal

    Siemens sells electric aircraft-propulsion business to Rolls-Royce

    C.H. Robinson Acquires The Space Cargo Group to Expand Global Presence

    C.H. Robinson Acquires The Space Cargo Group to Expand Global Presence

  • Events
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Projects
    Highways England unveils plans to widen A12

    Highways England unveils plans to widen A12

    African Development Bank, Africa50 in Landmark Bridge Project Linking Kinshasa and Brazzaville

    Geely Holding to Cooperate with China Aerospace Science and Industry Corporation on Developing Technologies Including Supersonic Trains

    AECOM to provide site supervision services for Malaysia’s East Coast Rail Link project

    Talgo obtains €30 million from the European Investment Bank for Innovation projects

    U.S. Department of Transportation Advances Rail Projects in Florida and Texas

    World premiere of the Mercedes-AMG Project ONE: Mercedes-AMG brings Formula 1 technology to the road

    One of the world’s longest electric car highways will be built in Australia

    CX North America Releases Next-Generation Mobile App for Drivers

  • Articles
  • Press Statements
  • Market Reports
    Austal signs agreement to buy BSE Maritime Solutions

    Austal signs agreement to buy BSE Maritime Solutions

    HPC leads machine learning initiative at Hamburg container terminal

    Chinas busiest port sees growth in sea-rail transport

    IATA health checklist to help airlines implement ICAO Covid-19 guidance

    Air cargo demand helps Korean to Q3 operating profit

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Kuehne + Nagel makes acquisitions in the Netherlands and Belgium to expand its overland network

    Transoft acquired Keysoft Solutions

    Transoft Solutions Completes Acquisition of Uk-based Keysoft Solutions

    GRAHAM

    GRAHAM revenue stabilisation sets the platform for sustainable growth

    DP World Acquires Topaz in USD 1.1 Bn Deal

    DP World Acquires Topaz in USD 1.1 Bn Deal

    Siemens sells electric aircraft-propulsion business to Rolls-Royce

    C.H. Robinson Acquires The Space Cargo Group to Expand Global Presence

    C.H. Robinson Acquires The Space Cargo Group to Expand Global Presence

  • Events
  • Contact Us
No Result
View All Result
Transport Advancement
No Result
View All Result
Home Press Statements

NTU Ecolabs in initiative to develop alternative bunker fuels, sustainable shipping tech

18th August 2020
in Press Statements, Shipping & Port
NTU Ecolabs in initiative to develop alternative bunker fuels, sustainable shipping tech
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Nanyang Technological University, Singapore (NTU) in late July launched a new multi-million maritime technology scale-up initiative led by NTU EcoLabs Centre of Innovation for Energy (EcoLabs) to help the maritime industry reduce carbon emissions, and tech firms can receive a boost during this COVID-19 recession.

Technologies such as low carbon alternative fuels, maritime port equipment electrification, renewable energy integration, fuel cells and hybrid-electric propulsion systems are among the various types of decarbonisation technologies that this initiative aims to help scale up, test and commercialise in the maritime sector, it said.

EcoLabs is a national-level centre launched in April 2019 by NTU Singapore, Enterprise Singapore, and the Sustainable Energy Association of Singapore (SEAS) to help small and medium-sized enterprises (SMEs) and start-ups innovate, grow and thrive in the competitive energy sector.

NTU EcoLabs said it will support the Maritime and Port Authority of Singapore (MPA)’s Maritime GreenFuture Fund through this initiative together with its technology partner SDGX and three of its co-investors: Blue Ashva Capital, Origgin Ventures and Chrysalix Venture Capital.

“Disruptive change and innovation can happen as a result of synergy between ecosystems,” said Professor Subodh Mhaisalkar, Chairman of EcoLabs Governing Board and Associate Vice President (Strategy and Partnerships) at NTU Singapore.

“NTU Ecolabs, its co-investors and its global technology partners will contribute expertise for the translation and deployment of deep tech solutions in commercial testbeds, where we will help start-ups prove that their technology is ready for market adoption.

“This will help decarbonisation and sustainability start-ups bridge their transition from lab to market, which is currently a gap in the maritime sector where many start-ups fail to cross.”

“More decarbonisation innovations can come from tech start-ups and SMEs in the form of decarbonisation solutions for sea transport,” added Kenneth Lim, MPA’s Chief Technology Officer and Senior Director, Innovation, Technology & Talent Development.

“We are thus heartened by this partnership with Ecolabs which will identify and scale promising maritime tech companies to play this important role. In this regard, we look forward to more partners joining our Maritime GreenFuture Fund.”

Announced earlier this year, the Maritime GreenFuture Fund was initiated by MPA to accelerate efforts in research, test-bedding, and promote the adoption of low-carbon technologies to position Singapore for long-term maritime sustainability, explained NTU Ecolabs.

Under this scale-up initiative, EcoLabs and its co-investors will jointly support each firm with support worth SGD 100,000 (USD 72,741) and more, comprising in-kind contribution, investments and co-funding of projects.

This will help promising cleantech companies to pilot-test and launch their innovation amidst a weaker business climate and ready themselves when the economy picks up, noted Ecolabs.

While this new initiative led by EcoLabs will benefit start-ups and SMEs from many platforms, start-ups identified from the Smart Port Challenge by the Port Innovation Ecosystem Reimagined @ BLOCK71 (PIER71), can gain access to eligibility for MPA grant applications of up to SGD 50,000 as well.

Other emerging areas that the Ecolabs will support include novel onboard carbon capture technologies, emissions monitoring, transparency, and management, new scrubbers to clean up exhaust emissions – all geared towards lesser energy usage and lesser carbon emissions.

“Decarbonising industrial activities is well-aligned with Chrysalix’s legacy of industrial innovation. Electrification, carbon capture and usage, green hydrogen and bringing carbon in a circular loop are all important drivers for a carbon-neutral future,” said Fred Van Beuningen, Managing Partner of Chrysalix Venture Capital.

“Therefore, we are excited to partner with the Maritime Green initiative and about our broader engagement with NTU in general.”

Previous Post

Saudi Arabia to develop advanced transport system for futuristic city

Next Post

AI-Based System Detects Cargo Misdeclarations to Enhance Safety

Related Posts

Strategic Cooperation Between Turkish Cargo and China Based YTO Cargo Airlines
Press Statements

Strategic Cooperation Between Turkish Cargo and China Based YTO Cargo Airlines

28th July 2022
Kazakh Caspian Sea Ports Claim Record Cargo Flow In 22 H1
News

Kazakh Caspian Sea Ports Claim Record Cargo Flow In 22 H1

25th July 2022
France Pledges A €700 Million Investment In A Cargo Terminal
News

France Pledges A €700 Million Investment In A Cargo Terminal

13th July 2022
DB Schenker and USA Truck to Combine to Create Premier North American Transportation Solutions Provider
America

DB Schenker and USA Truck to Combine to Create Premier North American Transportation Solutions Provider

25th June 2022
Turkish Cargo Awarded as The Fastest Growing Air Cargo Brand In 2022
Press Statements

Turkish Cargo Awarded as The Fastest Growing Air Cargo Brand In 2022

3rd June 2022
Siemens Mobility finalizes contract for 2000 km high-speed rail system in Egypt
Press Statements

Siemens Mobility finalizes contract for 2000 km high-speed rail system in Egypt

1st June 2022
Next Post
20 Port authorities agree to keep ports open for trade

AI-Based System Detects Cargo Misdeclarations to Enhance Safety

Latest Post

South-East Queensland Seeking To Introduce Flying Taxis
Airways

South-East Queensland Seeking To Introduce Flying Taxis

25th July 2022
UK Outlines Plan To Accomplish Net Zero Aviation By 2040
Airways

UK Outlines Plan To Accomplish Net Zero Aviation By 2040

25th July 2022
To Upgrade US Airports, $1B From Infrastructure Act Released
Airways

To Upgrade US Airports, $1B From Infrastructure Act Released

13th July 2022
Airways

IATA and ICP comes together to Enhance Air Cargo Security in the UAE

26th May 2022
International Airlines Group Finalizes Agreement for Up to 150 737 Jets
Airways

International Airlines Group Finalizes Agreement for Up to 150 737 Jets

23rd May 2022
easyJet partners with Cranfield Aerospace Solutions (CAeS) on development of zero-emission aircraft
Airways

easyJet partners with GKN Aerospace to accelerate adoption of hydrogen in aviation

29th April 2022
Transport Advancement

About Us

Transport Advancement is a leading information centric website for latest updates within the industry. We cover Railway, Road Traffic, Airways, Shipping & Port and run with an objective to provide knowledge driven content to our readers and subscribers in various forms like news, projects, upcoming events.

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack
  • Newsletter Subscription

System

  • Search
  • Site map
  • RSS Feed
  • Airways
  • Railway
  • Roadways
  • Shipping & Port

© 2017 Copyright Valuemediaservices 2017 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Articles
  • Press Statements
  • Market Reports
  • Events
  • Contact Us

© 2017 Copyright Valuemediaservices 2017 All rights reserved.