Singapore has unveiled a S$143 million (US$112 million) funding program aimed at accelerating the development and commercialization of low-carbon industrial technologies. Announced on Friday, the initiative represents the city-state’s largest single investment focused on research and development for industrial decarbonization.

The program intends to support efforts addressing Singapore’s unique industrial emissions challenges, with an emphasis on advancing carbon capture, carbon utilization, and other emerging technologies. The Advanced Energy and Decarbonisation Office, together with the Singapore Economic Development Board, outlined the goals and structure of the initiative in a joint statement.

A key component of the funding is a S$100 million allocation reserved for projects initiated by companies, including startups and technology providers. These entities can collaborate with Singapore’s public research institutions to design and implement innovative solutions aimed at reducing industrial carbon emissions. The government will subsidize up to 75 percent of the eligible project costs, encouraging private sector participation in these efforts.

This funding program aligns with Singapore’s broader strategy to promote sustainable industrial growth and transition toward a low-carbon economy. By supporting tailored research and development, the government seeks to address the specific needs of local industry while contributing to global climate change mitigation goals.