Pan-United Corporation and Shell Eastern Petroleum have signed a memorandum of understanding (MOU) on Jan 12 in a bid to explore decarbonisation solutions in the construction and urban solutions industries.
The collaboration is expected to create benefits in terms of decarbonisation in the built environment by creating possible new business models and market opportunities.
The three-year MOU is the first of its kind between both companies, and it outlines the joint effort to identify opportunities in areas including low-carbon and renewable energy products, electric mobility solutions and other digitalisation-enabled solutions.
The collaboration is expected to advance both companies’ emission reduction efforts in a bid to achieve net-zero emissions. It is also in line with Pan United’s sustainability targets to offer only low-carbon concrete by 2030 and carbon-neutral products by 2040.
In addition, it will bring Pan United closer to its ambitions of becoming a carbon-neutral ready-mix concrete company by 2050.
Within the MOU, Pan United and Shell will explore repurposing used industrial materials and carbon dioxide from Shell’s local facilities such as the Shell Energy and Chemicals Park Singapore on Bukom and Shell Jurong Island as alternative raw materials in the production of low-carbon concrete. The move will significantly reduce energy consumption and environmental impacts during the fabrication process of construction materials.
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In the meantime, Shell can explore the possible utilisation of Pan-United’s low-carbon and carbon-dioxide-mineralised concrete products and solutions in Shell’s existing and new development projects in Singapore.
Shell will also have access to Pan-United’s sustainability consultancy in terms of low-carbon concrete solutions and technical expertise at the design stage of new development projects, with a view to reduce the level of embodied carbon in the development.
On the renewable energy front, Pan-United can tap Shell as the partner of choice for the decarbonisation of its and its customers’ projects, by exploring procuring renewable energy and onsite energy generation, as well as other energy solutions such as downstream natural gas supply, battery energy storage and carbon offset solutions.
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Aw Kah Peng, chairman of Shell Companies in Singapore says, “In Shell’s approach to net zero, we believe it is vital to work with our customers. This is just as important as reducing our own emissions. With a long-standing partner like Pan-United, I am confident that the solutions we develop together will have the potential to advance decarbonisation for the construction and real estate sector.”
May Ng, Pan-United’s CEO adds, “We are excited to work with a well-established and like-minded partner in Shell, as we forge ahead in the new year with our efforts to promote the transition towards net-zero emissions within the Singapore built environment. The collaboration is in line with our circular economy approach to reduce input by minimising waste and using sustainable raw materials. We look forward to tapping Shell’s deep know-how in providing clean energy solutions to accelerate the construction sector’s progress towards achieving net-zero emissions.”
Shares in Pan-United closed flat at 33.5 cents on Jan 12.
Photo: Pan-United and Shell
