Ken Energy Pte Ltd Partners with Green COP to Advance Sustainable Biofuel Solutions
SINGAPORE, 16 April 2024 – Ken Energy, a company that focuses on developing and implementing green energy solutions, announced a significant collaboration and angel investment in Green COP, a deep-tech start-up in sustainable fuel solutions...
SINGAPORE, 16 April 2024 – Ken Energy, a company that focuses on developing and implementing green energy solutions, announced a significant collaboration and angel investment in Green COP, a deep-tech start-up in sustainable fuel solutions.
At the Singapore Maritime Week 2024 Expo@SMW trade exhibition, Ken Energy and Green COP formalised their partnership by signing a Memorandum of Understanding (MOU). This agreement underscores their shared commitment to enhancing biobutanol utilisation in maritime operations, focusing on operational feasibility, life cycle assessment, and carbon emissions reduction when used on current conventional vessels.
Ken Energy's dedication to creating sustainable energy solutions, prioritising emissions reduction and environmental stewardship, aligns seamlessly with Green COP's mission to revolutionise the biofuel industry. Leveraging innovative technologies, Ken Energy aims to drive the transition towards a greener future. This strategic collaboration not only supports Ken Energy's sustainability goals but also its aim of fostering local innovation and start-up entrepreneurship.
Green COP, a PIER71TM start-up alumni and top 3 winner of its Smart Port Challenge in 2022, specialises in producing sustainable biofuels from plant-based biowaste through a patented process. Their biofuels, boasting a shelf life exceeding 24 months and reducing NOx emissions by 30%, offer a compelling solution for transitioning to sustainable marine fuels (SMF).
Desmond Chong, Managing Director of Ken Energy, expressed enthusiasm about the collaboration, stating, "This strategic partnership underscores our commitment to sustainability. With our expertise in marine transportation logistics, we aim to accelerate the commercial adoption of biofuels by the transportation industries."
Dr. Hanson Lee, CEO & Co-founder of Green COP, emphasised the significance of industry support in achieving their goals, stating, "We are heartened by the support of industry stewardship and knowledge. With our recent fundraise and partnerships with like-minded partners, we are on schedule in setting up a pre-commercial production plant. We should witness the production of our first tonne of biofuels in the 3rd quarter of 2024."
The collaboration between Ken Energy and Green COP represents a landmark moment in the journey towards a more sustainable future in the maritime and transportation sectors. By combining expertise, innovation, and industry leadership, both companies are poised to drive positive change and make a lasting impact on global sustainability efforts.
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About Green COP Pte. Ltd.
Green COP is a Singapore-based start-up dedicated to elevating sustainability within the renewable energy sector. Leveraging on patented deep-tech technologies, Green COP specialises in the production of sustainable biofuels derived from biowaste, with a strategic focus in fostering a circular economy in the maritime and transportation sectors.
About Ken Energy Pte. Ltd.
Ken Energy focuses on creating and implementing green energy solutions that prioritise emissions reduction and achieving greener environment. Through innovative technologies and a forward-thinking approach, Ken Energy believes renewable energy sources are key to a greener future and works towards making a positive impact.
For media queries or further information, please contact:
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Ms. SNG Yee Ching Project Director Email: yeeching@greencop.sg
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Ms. Tiffany KHEK Business Development Email: tiff@kendoogp.com
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Ken Energy Joins Coastal Sustainability Alliance to Deploy Electric Supply Boats in Singapore
One of Singapore’s first zero-emissions e-supply boats will be designed and built
locally.
PaxOcean has designed and engineered the first-generation e-supply boat PXO-EXL-1, which will play an integral role in supporting coastal ships' supply deliveries with improved energy and operational efficiencies. The e-supply vessel has received in-principle approval from the International Association of Classification Societies (IACS), Bureau Veritas Marine, and Registro Italiano Navale (RINA).
Additionally, PaxOcean and CSA member Technology Centre for Offshore and Marine Singapore (TCOMS) are collaborating to create digital twins of the electric vessels, thus enabling optimal operational performance while considering the various metocean conditions in which the ship will operate.
Mr Desmond Chong, Managing Director of Ken Energy, said, “In our focus of developing and implementing green energy solutions, we aim to advance the use of renewable energy and alternative fuels, as a means of reducing emissions and promoting a more sustainable and greener environment. As a start, we are looking into reducing our carbon footprint by exploring the use of PXO e-supply vessels to supply provisions and ship spares to our own fleet of bunker tankers. By adopting new technologies and ship designs, we anticipate a boost in optimisation for a more efficient marine supply chain.”
The PXO e-supply vessels are expected to operate in tandem with the charging electric infrastructure network made available in partnership with the Maritime and Port Authority of Singapore (MPA) and Jurong Port. This deployment is ahead of MPA’s directive that all new harbour crafts must be fully electric, capable of using B100 biofuel or compatible with net-zero fuels by 2030.
Mr Tan Thai Yong, Chief Executive Officer, PaxOcean and Chairperson, CSA Council, said, "The commitment from Ken Energy to acquire the PXO e-supply boats is a significant recognition of the impact that the Coastal Sustainability Alliance's collective strengths can have in transforming Singapore's coastal maritime ecosystem to be future-ready. As the innovators, designers, and builders of these locally-customised vessels, CSA members are immensely encouraged by the global interest and support for the PXO e-vessel series. Our galvanised efforts are gaining traction among industry players, and we are proud to play a role in shaping the future of Singapore’s maritime supply chain and ecosystem."
In line with CSA's objectives to strengthen the competitiveness of SMEs in Singapore and uplift the maritime industry's value chain, over 70% of the e-supply boat components are sourced from local SMEs. This will generate business opportunities for at least seven (7) SMEs, resulting in a more resilient maritime business ecosystem.
Commenting on CSA’s progress to date, Mr Tan said, “We have made significant progress in the five strategic areas outlined in our mission to systematically decarbonise Singapore’s maritime ecosystem in a coherent and comprehensive manner. These include designing and building electric vessels, improving supply chain resilience to uplift SME capabilities, establishing electric charging infrastructure, optimising fleet and maritime logistics and creating career growth opportunities and skills training. We welcome interested parties to reach out to us to explore how we can collaborate and create a more sustainable maritime industry.”
Mr Kenneth Lim, Assistant Chief Executive (Industry and Transformation) of MPA, said: “We are heartened to see harbourcraft electrification gathering momentum and look forward to engaging Ken Energy and CSA early on the vessel design to optimise them for deployment in the local environment. Such close collaborations with these like-minded partners will help accelerate decarbonisation to meet Singapore’s commitment to achieve net zero emissions by 2050.”
CSA is spearheaded by Kuok Maritime, comprising PaxOcean Holdings Pte Ltd (PaxOcean), Pacific Carriers Limited (PCL) and POSH (PACC Offshore Services Holdings). The CSA members include Agency for Science, Technology and Research (A*STAR), GenPlus, Jurong Port Singapore, Sea Forrest, Technology Centre for Offshore and Marine, Singapore (TCOMS), and TES. The Alliance aims to build the next-generation of Singapore’s maritime ecosystem and accelerate the decarbonisation, electrification and advancement in energy-efficient logistics and engineering solutions by 2030.
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