The Australia-Singapore agreement is part of the Government’s $565.8 million pledge to establish new international technological collaborations that will reduce the cost of low-emission technologies and stimulate investment in Australian-based enterprises that will generate up to 2,500 jobs.
The alliance recognizes Singapore’s importance as a worldwide shipping center and Australia’s goal to become an emerging leader in the rising usage of clean hydrogen and ammonia. This agreement builds on an existing MOU between Australia and Singapore on low-emission technologies and solutions. Each country will commit up to $10 million over five years to fund industry-led pilot and demonstration projects, with an extra $10 million expected from industry.
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