Singapore’s mainboard-listed ISDN Holdings has found a way to convert Singapore's waste into diesel fuel.
The engineering firm announced a new $1 million joint venture, W2Energy, to build plants which convert waste such as plastic, wood, waste oil and municipal solid waste into diesel fuel.
The Singapore firm owns 35 per cent of this company, with the rest owned by two German partners with German scientist, Dr Christian Koch, holding the intellectual property to the process.
W2Energy has a 20-year licence to utilize this technology to convert waste such as plastic, or any feedstock containing hydrocarbons, to synthetic diesel fuel which can be classified as biodiesel and enjoy tax breaks and potential carbon credits.
The hope is that this technology can be exported to the rest of Asia.
Besides the private sector, the public sector is also working on environmental protection.
On 9 Feb 2009, the National Environment Agency (NEA) launched an $8 million fund to encourage companies to get into the habit of cutting back on waste and recycling with the Reduce, Reuse and Recycle - or 3R – Fund.
It will co-fund eligible projects for up to 80 per cent of the costs over a period of two years and have a cap of $1 million per project.
Cheam, Jessica, "Turning waste into fuel" dated 4 March 2009 in the Straits Times website [downloaded on 3 March 2009], available at
Straits Times, "S$8 million to encourage recycling in Singapore" dated 10 Feb 2009 in the Singapore Promise/Straits Times website [downloaded on 9 march 2009], available at http://www.home-in-singapore.sg/sgp/cms.www/content.aspx?sid=817