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MARITIME SINGAPORE DECARBONISATION
BLUEPRINT 2050 MARITIME GREENFUTURE FUND
Another milestone in the Maritime Singapore story Announced in March, the Maritime GreenFuture Fund aims

will be etched in 2021, when MPA launches the to direct and accelerate efforts in decarbonisation R&D, and
Maritime Singapore Decarbonisation Blueprint 2050. develop solutions for sustainable maritime transport.
“One area in which we’re particularly keen on is the use of
Mr Kenneth Lim, Senior Director of Innovation, alternative energy, which we believe has potential in reducing
Technology & Talent Development at MPA, shares the greenhouse gas emissions of the maritime industry,”
that the blueprint will contain a few focus areas. enthuses Mr Lim.
“Domestically, MPA hopes that port terminal Support for the fund from MPA’s partners has been strong.
and local harbourcraft operators can implement “One such partner is Rainmaking, which is supporting the fund
operational measures to reduce their carbon by committing up to S$10 million to invest in promising start-
ups. Similarly, Nanyang Technological University’s (NTU) Ecolabs
footprint and adopt lower-carbon alternative Centre of Innovation for Energy and its industry partners have
energy sources, such as LNG or electrifi cation,” he committed up to S$6 million to support successful start-ups
elaborates. “A bunkering roadmap for transitioning from the Smart Port Challenge,” adds Mr Lim.
Singapore’s bunkering industry to cater for future Mr Michael Pomerleau, Partner & Investor of Rainmaking,
lower-carbon fuels is also in the works. On the believes that international shipping is under unprecedented
pressure to embark on a journey of decarbonisation, driving
international front, MPA will continue to work with players to not just adopt existing solutions but, more importantly,
the industry to adopt energy-effi cient ship designs scale newer ones by driving innovation in collaboration with
and for Singapore-registered ships to be more leading corporates. “The current crisis calls

sustainable in their operations.” for a joint, concentrated effort, and it is all
As for R&D, Mr Lim reveals, “MPA has established the more important that we unite our
the Maritime GreenFuture Fund, with an initial partners to tackle the climate crisis,”
Mr Pomerleau emphasises. “To this
funding of S$40 million to accelerate eff orts in effect, Rainmaking is committed to

technology research, pilot trials, and leading to providing a unique opportunity to not
eventual adoption.” just the start-ups but partners alike to
come together, syndicate, and scale
potential solutions on our platform.”