Singapore sets aside S$118 million for research into bio-based chemicals
Funding is announced as new research centre opens with focus on engineering biology
[SINGAPORE] Some S$118 million in public funding has been set aside for research into producing chemicals from biological materials – the single largest such commitment to date.
Launched on Monday (Oct 5) under the S$37 billion Research, Innovation, Enterprise (RIE) 2030 plan, this latest funding initiative will address industry challenges in Singapore’s energy and chemicals sector, which makes up one-fifth of domestic manufacturing output.
Jermaine Loy, managing director of the Economic Development Board (EDB), said: “There are opportunities for Singapore to grow our capabilities in innovation and production of higher-value specialty chemicals and advanced materials, while supporting the transformation of our existing industrial base towards more sustainable production.”
Industry opportunities
The new Bioeconomy Funding Initiative aims to meet growing industry interest in chemicals made from biological alternatives to petroleum-based feedstocks, such as yeast or oil palm.
Based on consultations with companies and investors, the initial research will target turning by-products, or “sidestreams”, into usable materials; developing new microbe and enzyme-based production methods; and improving efficiency in processing and production.
R&D projects will also be built around finding the best mix of biological and chemical solutions to create commercially relevant goods, such as high-grade synthetic rubbers.
These projects will be managed by a dedicated office housed at the Agency for Science, Technology and Research, and industry engagement will be led by EDB.
The latest scheme builds on previous funding commitments, and will take government spending on bioeconomy-related initiatives to roughly S$200 million over the next five years.
“Our ambition is for the bioeconomy to become a new source of growth for Singapore,” said EDB’s Loy, pointing to the potential for new business opportunities and job creation in areas such as specialty chemicals and advanced materials.
Research ecosystem
The announcement came at the opening of the S$50 million National Centre for Engineering Biology (NCEB), which was set up with funding from the earlier five-year RIE 2025 plan.
The NCEB, which is based at the National University of Singapore, brings talent from multiple organisations together to work on manufacturing specialty chemicals, as well as on product design and testing that is enabled by machine learning and artificial intelligence.
The centre is supported by more than 150 researchers, students and professional staff across partner institutions, with recruitment under way for another 50 roles, such as principal investigators, postdoctoral researchers, and technical, engineering and management staff.
