The industrial central cooling system, which will be designed and installed by SP Group, is the largest in Singapore with a cooling capacity of up to 36,000 tons of refrigerant (RT)
Benefits include 20% savings in cooling-related electricity consumption and reduced carbon emissions of up to 120,000 tonnes per year
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Estimated value of the project of 370 million USD for 20 years
May 18, 2022 – STMicroelectronics (NYSE: STM), a global leader in semiconductors serving customers across a range of electronic applications, and SP Group (SP), a leading utility group in Asia Pacific and a national network operator of Singapore, announced today the signing of an agreement for the installation of a central cooling system in ST AMK TechnoPark. With an estimated project value of $ 370 million over 20 years, this will be Singapore’s largest central cooling system (DCS) to be deployed for industrial development when it becomes operational in 2025.
Under the agreement, SP will design, build, own and operate DCS, providing chilled water as a service to meet both the production and space cooling needs of ST. With a cooling capacity of up to 36,000 tonnes of refrigerant (RT), it will help ST achieve 20 percent savings in cooling-related electricity consumption per year by improving the efficiency of the aggregate cooling system, and will enable ST to reduce carbon emissions of up to 120,000 tons per year for ST Technopark, which is equivalent to removing 109,090 vehicles from the road. This decarbonization is the result of lower energy consumption and increased capacity to include solar energy and equipment to reduce perfluorocarbon (PFC) emissions by re-allocating more than 4,000 square meters (square meters) of refrigeration space, which will be released once DCS is up and running.
Ms. Lou Yen Ling, Minister of State, Ministry of Culture, Community and Youth and Ministry of Trade and Industry, attended the event as a guest of honor to witness the signing of the agreement.
She said: “The private sector has an important role to play, along with the public and the people, in achieving Singapore’s climate and sustainability goals. Businesses that adopt sustainable practices, such as energy efficiency improvements, send strong signals to their partners and customers about the urgency of sustainability issues and the need for serious action. At the same time, businesses can use sustainability as a competitive advantage. “
She added: “I hope that this initiative will inspire many more innovative decarbonisation solutions in other industrial developments and encourage more companies to look for opportunities for sustainability.
The cooling system will be the first introduction of ST central cooling in production facilities worldwide. ST is committed to the global goal of becoming carbon neutral by 2027. The adoption of central cooling at its only largest waffle site (by volume) will be a key factor in meeting the minimum energy efficiency standards (MEES) set out in from the National Environment Agency (NEA) and the company to achieve its sustainability goals.
“Singapore’s cooling system will be ST’s first deployment of central cooling in global manufacturing facilities and is a strong statement of our commitment to our goal of becoming carbon-neutral worldwide by 2027,” said Rajita D’Souza, President of Human Resources and Corporate Social Responsibility at STMicroelectronics. “Our adoption of central refrigeration at our single largest waffle plant (by volume), which will eliminate 120,000 tonnes of carbon from the environment, equivalent to 30% of ST Singapore’s 2021 carbon emissions, is key a factor for the facility and the company to achieve its sustainability goals. “
SP Group Chief Executive Officer Stanley Huang said: “Central cooling is a key solution for a sustainable energy sector with a low-carbon future for cities, towns and industrial parks. To allow the decarbonisation of Singapore’s industrial sector, we have customized this solution to help STMicroelectronics’ energy-intensive manufacturing developments such as TechnoPark reduce energy consumption and carbon footprint in line with their sustainability strategies. With our full range of sustainable energy solutions, including charging for solar and electric vehicles, we look forward to working with ST to achieve our zero net energy goals.
