News > Policy News All about natural hydrocarbon refrigerants in cooling & refrigeration: News, Products, Jobs, Events, Knowledge, Forum, B2B Networking.In the run up to the introduction of the Energy Conservation Act setting out requirements for large companies in Singapore, a scheme to help firms learn how to manage their energy use and share best practices is soon to be launched. Hydrocarbon technology has already been recorded to account for significant energy savings for one of the 130 companies to be affected by the Act. The Ministry of Environment and Water Resources (MEWR) of Singapore will be introducing an Energy Conservation Act from 2013 as part of the country’s vision to bring 2005 energy usage levels down by 35% by 2030. The Act will require companies that use more than 15 gigawatt-hours of energy per year to:
Support for the affected companies and recognition of best practices NEA will launch an ‘Energy Efficiency National Partnership’ scheme in April to help firms learn how to manage their energy use and share energy-management best practices. Moreover, an awards scheme under the partnership will be set up to recognise company efforts. "We will also be reviewing our incentive schemes and exploring long term energy efficiency financing options to cater to the needs of companies”, said Environment and Water Resources Minister Dr. Yaacob Ibrahim. The ministry is still consulting with stakeholders on the review of incentive schemes, long-term energy efficiency financing options and possible penalties. Switching to hydrocarbons as a best practice One of the 130 affected companies will be GlaxoSmithKline (GSK). The cooling of water for the company’s manufacturing processes used to take up 20% of its energy bill. But since 2004, the switch to hydrocarbon refrigerants and the addition of a mist-cooling system have helped the company to save over S$1 million on utilities a year. |