Singapore’s sovereign wealth fund GIC and UK-based Carlyle will both invest in the development of Eneus Energy’s renewable ammonia project pipeline, with plants in the US and UK planned. The Maritime & Port Authority Singapore and Port of Rotterdam have agreed to establish a green maritime corridor by 2027. The agreement will help accelerate the deployment of alternative maritime fuels like ammonia on the critical shipping route, which links two of the world’s largest bunkering ports. And a trio of organisations - PaxOcean Engineering, Hong Lam Marine and Bureau Veritas will jointly develop an ammonia bunkering vessel design.

Singapore's sovereign wealth fund GIC has agreed to a strategic equity investment in InterContinental Energy, who are currently developing a number of green ammonia "Supergiants". GIC's announcement follows another significant green investment by Singapore, this time in Indonesia. $9 billion will fund a logistics hub in Jakarta and a number of renewable energy projects, with MoUs signed between the heads of state to cement a new focus on decarbonisation and alternative energies