🇳🇴 New partnership to strengthen Norwegian-Singaporean ties

June 11, 2024
Kristin Svardal, CEO Ocean Hyway Cluster & Ada Jakobsen, CEO Maritime CleanTech

Ocean Hyway Cluster and Maritime CleanTech are partnering with Innovation Norway to enhance green maritime collaboration between Norway and Singapore.

The new partnership kicked off with a four-day business visit from Singaporean companies to Norway this week.

The initiative, part of Innovation Norway’s High Potential Opportunities(HPO) program, aims to position Norwegian suppliers at the forefront of the Southeast Asian maritime market. The program is designed to help Norwegian companies become preferred partners and suppliers in key international projects.

Driving Innovation and Collaboration for Green Maritime Solutions

Ocean Hyway Cluster and Maritime CleanTech bring extensive experience and expertise to the partnership. As Norway’s leading business hubs for developing and commercializing low-and zero-emission solutions for shipping, their partners have realized the world’s first all-electric and hydrogen vessels. They continue to lead the way in developing new green energy systems and value chains for hydrogen and ammonia use in the maritime industry.

“Norwegian companies have long been at the forefront of maritime innovation, and our expertise in electric and hydrogen solutions is second to none”, says Ada Jakobsen, CEO of Maritime CleanTech. “This focus on Singapore and Southeast Asia aims to bring our groundbreaking technologies to a critical global market and support the transition to greener shipping practices”.

“We are thrilled to be part of this partnership and to work closely with strengthening the markets for greener fuels globally. Together, we will leverage our combined expertise to drive the adoption of alternative fuels and support the decarbonization of maritime operations in Singapore”, says Kristin Svardal, CEO of Ocean Hyway Cluster.

Focus on Green Maritime Solutions

The HPO program aligns closely with Singapore’s “Maritime Singapore Decarbonization Blueprint 2050”, which outlines ambitious goals for reducing the maritime sector’s carbon footprint. Two major initiatives are prioritized:

  1. Electrification of Domestic Harbor Vessels: Singapore aims to achieve zero emissions for harbor vessels and leisure boats by 2050, with all new harbor vessels being fully electric or capable of using clean biodiesel or hydrogen by 2030. This presents a significant opportunity for Norwegian companies specializing in electric and low-emission maritime technologies.

  2. Development of Cutting-Edge Marine Fuels: As the world’s largest bunkering port, Singapore is transitioning to alternative marine fuels. Norway’s expertise in ammonia and hydrogen technologies positions it as a key player in building the necessary infrastructure for these next-generations fuels.

Comprehensive Support for Norwegian Companies

The HPO program offers Norwegian companies comprehensive support, including market advice, strategic positioning at key events, project identification, local partnership searches, financing procurement, and guidance on funding. Participants will benefit from networking opportunities with local stakeholders, government agencies, and profiling at industry events, facilitated by Innovation Norway and the broader Team Norway network.

“Norway has a strong legacy in maritime innovation, and strengthening ties with Singapore represents a significant step forward in our efforts to promote green shipping solutions globally. Through our program, supported by a strong Team Norway in Singapore, we will provide Norwegian companies with the support they need to succeed in the highly competitive Southeast Asian market,” says Jonathan Sørbye, Head of Trade and International Growth at Innovation Norway.”

This collaboration also involves support from various Norwegian agencies and organizations, including the Norwegian Embassy in Singapore, the Norwegian Business Association in Singapore (NBAS), and Norwegian Energy Partners (NORWEP). The initiative will be led by Innovation Norway’s office in Singapore and supported by Ocean Hyway Cluster and Maritime CleanTech from Norway.

Encouraging Participation

Norwegian companies interested in the emerging opportunities in Singapore should reach out to Ocean Hyway Cluster and Maritime CleanTech. This can expand their reach and contribute to the global effort to reduce maritime emissions.

Originally published on 6 June by Arena Pro Ocean Hyway Cluster.

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