In response to queries from ST, MTI and NCCS said the study will consider the potential of various biofuels and sustainable bioresources, taking into account factors such as cost-effectiveness in emissions reduction and existing infrastructure for fuels and feedstocks. It should also explore suitable applications for deployment within Singapore up to 2050, they added.
In a tender uploaded on government portal GeBiz, the agencies are looking to hire a consultant who would have to provide, among other things, a projected timeline for these resources to be made ready for commercial use in Singapore.
The consultant will also have to consider price, life-cycle assessment and the country-level industrial policies of these resources, as well as take note of the average cost of electricity, when using these imported sustainable resources and biofuels.
In addition, the awardee of the tender will have to suggest end-use cases for these biofuels and bioresources. Some options include potential usage in heavy industries, such as for chemicals and plastics; transport, including land, water and air transport; as well as the power sector for large-scale electricity production.
The physical and socio-economic impact of the production and utilisation of selected biofuels and bioresources on biodiversity, land use and the carbon cycle would also need to be assessed.
Ms Cherine Fok, a partner in KPMG’s Environmental, Social and Governance team, said biofuel production usually takes place on land that was previously used for agricultural crops.
However, increasing food demand could mean there would be competing uses for the same plot of land, causing forested areas to be used for agricultural production. The change in land use could therefore have a negative impact on the environment, causing more CO2 to be emitted in the atmosphere.
Mr Sanjeev Gupta, Ernst & Young’s Asia-Pacific Oil and Gas Leader, said Singapore has “highly efficient” refinery capabilities for traditional fuels like oil, along with a robust maritime infrastructure for transportation.
Therefore, Singapore would have the capabilities to import these biofuels from countries and refine them for export, creating an opportunity to become a leader in biofuels processing as well as the trading landscape, if it could work out agreements with various parties, he added.
Mr Gupta noted that the United States, Canada, Brazil, Indonesia and India are leading countries in the biofuels and sustainable bioresources industry.