Companies sign MoU to explore and collaborate on decarbonization solutions in the built environment
PAN-United Corporation Ltd and Shell Eastern Petroleum (Pte) Ltd have signed a memorandum of understanding (MoU) to explore various decarbonization solutions in the built environment.
The MoU outlines the joint effort to identify opportunities in areas such as low-carbon and renewable energy products, electric mobility solutions, circular use of materials, and other digitalization-enabled solutions.
The three-year MoU is the first of its kind between ready-mixed concrete specialists Pan-United and petroleum suppliers Shell, who have built a long-standing relationship with Pan-United as a distributor of petroleum products through their subsidiary Inter-Terminal Services.
The collaboration is expected to advance both companies’ emission-reduction efforts on route to achieving net-zero emissions and is also in line with Pan-United’s sustainability targets to offer only low-carbon concrete by 2030 and carbon-neutral concrete products by 2040. Additionally, it will help to bring Pan-United closer to its ambition of becoming a carbon-neutral ready-mixed concrete company by 2050.
In particular, Pan-United and Shell will explore repurposing used industrial materials and carbon dioxide from Shell’s local facilities, as alternative raw materials for use in the production of low-carbon concrete.
Leveraging Pan-United’s expertise in innovative sustainable concrete solutions, Shell will explore the possible utilization of Pan-United’s low-carbon and carbon-dioxide-mineralized concrete products and solutions in existing and new Shell development projects in Singapore.
Shell will also have access to Pan-United’s sustainability consultancy in terms of low-carbon concrete solutions and technical expertise at the design stage of new development projects, with a view to reducing the level of embodied carbon in these developments.
In terms of renewable energy, Pan-United can tap Shell as the partner of choice for the decarbonization of their own and their customers’ projects, by exploring the procurement of renewable energy and on-site energy generation, as well as other energy solutions such as downstream natural gas supply, battery energy storage, and carbon offset solutions.
In addition, Pan-United will work with Shell to seek to accelerate the transition of their trucking fleet to electric and hydrogen options, through electric-vehicle smart-charging solutions and hydrogen for mobility.
In the meantime, Pan-United will make use of Shell’s low-carbon fuels and biofuels, as well as their carbon offsets, in their drive to carbon neutrality. The two firms will also explore the viability of deploying Shell’s advanced renewable power-generation technologies, such as high-efficiency solar, to meet Pan-United’s power needs.
Concurrently, both companies will seek to explore digitization opportunities while protecting the environment and reducing carbon emissions effectively.
Aw Kah Peng, chairman of Shell companies in Singapore, said: ‘In Shell’s approach to net zero, we believe it is vital to work with our customers; this is just as important as reducing our own emissions. With a long-standing partner like Pan-United, I am confident that the solutions we develop together will have the potential to advance decarbonization for the construction and real estate sector.’
May Ng, Pan-United’s chief executive officer, said: ‘We are excited to work with a well-established and like-minded partner in Shell, as we forge ahead in the new year with our efforts to promote the transition towards net-zero emissions within the Singapore built environment.
‘The collaboration is in line with our circular economy approach to reduce input by minimizing waste and using sustainable raw materials. We look forward to tapping Shell’s deep know-how in providing clean energy solutions to accelerate the construction sector’s progress towards achieving net-zero emissions.’