Projected Cost Per Tonne of Carbon Dioxide Abated through Carbon Capture and Storage in Singapore

Mr Gerald Giam Yean Song asked the Deputy Prime Minister and Minister for Trade and Industry (a) what is the projected cost per tonne of carbon dioxide abated through carbon capture and storage (CCS) in Singapore, including infrastructure, operational and transport costs; (b) how does this compare to the projected cost of transporting and storing carbon dioxide in Indonesia under the proposed bilateral arrangement; and (c) how do these costs compare to alternative decarbonisation strategies, such as renewables and energy efficiency.

Carbon capture and storage (CCS) is an internationally recognised decarbonisation pathway, especially for activities that produce carbon dioxide as part of their industrial processes. The Government is studying the feasibility of a cross-border CCS project from Singapore. This includes working with potential service providers to form a complete CCS value chain and getting clearer estimates of the costs of capture, transport and permanent storage.