Download Singapore-based companies form Green House Gas Emissions

MEDIA RELEASE – as at 11 Nov
Singapore-based companies form Greenhouse Gas
Emissions Reduction (GHGER) Group
The GHGER group is supported by IE Singapore’s iPartners Programme and
will develop sustainable development projects in Asia, contributing to global
efforts in mitigating the adverse effects of global warming.
MR No.: ***/05
Singapore, 17 November 2005
1.
Five Singapore-based companies signed a Memorandum of Understanding
(MOU) today for the formation of the Greenhouse Gas Emissions Reductions
Group (GHGER) Group (see Annex 1 for company profiles).
2.
The consortium is led by Asia Carbon Exchange Pte Ltd and comprises atea
Environmental Technology Pte Ltd, IUT Global Pte Ltd, Hazelberg Asia Pte Ltd,
and Intelleigen Legal LLC.
3.
The consortium aims to provide potential project owners in Asia with sustainable
technologies and competencies. The anchor, Asia Carbon, with its one-stop centre
comprising carbon advisory, carbon finance and carbon asset management, will
work closely with alliance partners, IUT Global and Hazelberg Asia to develop
sustainable development projects in the areas of waste treatment and
management solutions, flyash recycling and generation of green power. atea
Environment will provide specialised services in the design, consultancy,
manufacturing, installation and maintenance of environmental treatment systems.
Intelleigen LLC brings to the consortium its cross border expertise and marketleading capabilities in providing emissions-related legal advisory.
4.
Mr Ted Tan, Deputy Chief Executive Officer of IE Singapore, noted, “The
consortium is a showcase of the commitment of Singapore-based companies to
contribute towards global efforts to mitigate the adverse impact of climate change.
This will help develop a new service cluster in emissions reduction in Asia, adding
impetus
to
the
development
of
environmentally-friendly
services
and
technologies.”
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Joint media release 17 November 2005
5.
The MOU was signed during the inaugural seminar on “Clean Development
Mechanism & Emissions Trading in Asia – Climate Change, Challenges and
Opportunities” organised by the UK Presidency of European Union and the
Singapore Association of
Environmental,
Occupational
Health
&
Safety
Companies (Safeco). Attended by about 100 participants and speakers from over
10 countries, the seminar addressed the different facets of climate change
including Greenhouse Gas Emissions, Renewable Energy, Clean Development
Mechanisms (CDM) as well as aspects of carbon emissions trading. Speakers
from the EU shared their experiences on the EU Emissions Trading Scheme since
its implementation in January 2005 and provided insights on the challenges
ahead.
About the International Partners (iPartners) Programme
6.
The MOU inked today by the Greenhouse Gas Emissions Reduction (GHGER)
Group brings the number of iPartners alliances supported by IE Singapore to
sixteen. These sixteen alliances will benefit 86 Singapore-based companies, with
supported projects from diverse industries, including info-comms technology, food
services, airport services, exhibition and conference, logistics, and building and
infrastructure sectors. Their key target markets include the Asia Pacific region,
greater China, the EU, India, US and the Middle East.
7.
To encourage Singapore-based companies to band together when venturing
abroad, IE Singapore launched the International Partners Programme, or iPartners
Programme, in October 2003. The iPartners Programme is an initiative that
catalyses the formation of international alliances between Singapore-based
companies. By banding together while abroad, our companies can combine their
resources, complement each other's product offerings and pursue bigger projects.
These will sharpen companies' competitiveness and maximise their chances of
overseas success.
Annex 1: Corporate profile of consortium members
Note to Editor
Please use ‘IE Singapore’ or ‘IE’ if an acronym for ‘International Enterprise Singapore’ is
required. In addition, unless otherwise stated, the use of statistics cited in our media
releases, website or Statlink, should be attributed to IE Singapore.
- End -
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Joint media release 17 November 2005
Jointly issued by IE Singapore and companies of the GHGER Group. For media enquiries,
please contact:
IE Singapore
Asia Carbon Exchange Pte Ltd
ONG Wah Hui (Ms)
Assistant Manager, Corporate
Communications
Tel
: +65 6433 4942
Fax
: +65 6337 8136
Email : [email protected]
Tel
: +65
Fax
: +65
Email :
About International Enterprise Singapore (IE Singapore)
International Enterprise Singapore (IE Singapore) is an agency under the Ministry of
Trade and Industry spearheading Singapore’s efforts to develop its external economic
wing. We were formerly known as the Singapore Trade Development Board.
Our mission is to help Singapore-based companies grow and internationalise successfully.
We offer a wide range of services in 37 locations worldwide by using a “3C” framework of
assistance – Competency, Connections and Capital. We provide market information, and
assist enterprises to develop their business capabilities and find overseas partners. At the
same time, IE Singapore works to position Singapore as a base for foreign businesses to
expand into the region in partnership with Singapore-based companies.
Please visit www.iesingapore.com for more information.
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Joint media release 17 November 2005
ANNEX 1
A) Diagrammatic representation of service offerings of consortium
Carbon
Advisory,
Finance and
Asset
Management
Management
Members
Asia Carbon
(Anchor)
Environmental
Treatment
Systems
atea
Environmental
Technology
Waste
Management &
Treatment
IUT Global
Flyash Recycling
Hazelberg Asia
Legal Services
Intelleigen Legal
B) Profiles of Singapore Business Continuity Management Consortium members
Asia Carbon Exchange Pte Ltd
Asia Carbon’s primary objective is to mitigate global warming and initiate sustainable
development through a holistic approach involving:
i) Carbon Advisory:
In furtherance to its primary objective, Asia Carbon, provides consultancy (i.e. Carbon
advisory services) for all sustainable development projects that encompass a whole gamut
of industries including those from the Renewal Energy Sector, Waste Management,
Energy Efficiency, Fuel Switch, to name a few.
ii) Carbon Finance:
Asia Carbon does this by financing the necessary processes and documentation that
would certify GHG reductions. Prior to activities related to carbon financing, Asia Carbon
also conducts capacity building activities crucial for the development of stakeholder
involvement.
iii) Carbon Asset Management:
Recognising the need to establish price transparency in the sale and purchase of carbon
assets, a web-based trading platform has been developed to facilitate trading in carbon
assets where stakeholders are able to optimise returns from their investment into carbon
assets. Popularly known as ACX-Change™, the trading platform is recognised as a global
leader in pioneering standards related to carbon asset price discovery.
atea Environmental Technology Pte Ltd
atea Environmental Technology Pte Ltd specialises in the design, consultancy,
engineering, manufacturing, installation, commissioning and maintenance of
environmental treatment systems.
Within the international atea-Group, atea Environmental Technology Pte Ltd in Singapore
and its subsidiaries and related companies service the markets of Asia-Pacific, the MiddleEast, the Americas and Russia.
atea’s products, systems and solutions are tailor-made to meet specific client
requirements. The scope of products and services comprise technology and system
solutions for thermic and catalytic oxidation, adsorption and absorption as well as specific
components and equipment such as corrosion resistant exhaust fans, heat transfer
systems, control systems, dual-laminate composite plastics etc.
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Joint media release 17 November 2005
Hazelberg Asia Pte Ltd
Hazelberg is a recognised player in the flyash business. Hazelberg provides waste
ash solutions to coal fired power plants by creating market opportunities in processed
ash utilization.
Processed flyash, used as a partial replacement for cement in concrete, helps reduce
CO2 emissions from the production of cement. It is estimated that the production of
one tonne of cement releases about one tonne of carbon dioxide.
Hazelberg aims to transfers its flyash recycling technology and extensive business
expertise to help developing countries resolve its waste ash problems. This also
involves setting up processing plants to convert the waste ash produced by coal fired
power stations into a high quality flyash that meets the standards to replace cement.
To ensure optimal performance using our flyash technology, we also provide technical
support to and work closely with the end users, such as government agencies,
consultants, developers, through our team of specialists.
The spin offs from Hazelberg’s involvement in new markets could be opportunities for
local industries.
IUT Global Pte Ltd
IUT Global is a Singapore-based environmental technology company, which offers a
comprehensive suite of European-based waste treatment technologies and management
solutions. IUT Global provides a total solution model in Solid Waste Management
Technology and develop, build, own & operate organic waste treatment plants; provision
of engineering services for landfill remediation, construction & management.
Intelleigen Legal LLC
Intelleigen is a global law firm that helps businesses identify, manage and protect the
value of their intellectual assets for maximum returns. With cross border services and
multinational expertise, Intelleigen offers one stop legal services that optimise time and
resources. Intelleigen would provide emissions-related advisory, documentation and make
available its global network to consortium members.
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