01 April 2011 09:08 [Source: ICIS news]
SINGAPORE (ICIS)--Singapore’s new investment blueprint for its domestic energy and petrochemical sectors needs more input from the industry in order to be successfully implemented, officials from the Singapore Chemical Industry Council (SCIC) said late on Thursday.
The officials were referring to the investment blueprint known as the Jurong Island Version 2.0 plan for upgrading and expanding the refining facilities on Jurong Island, and facilitating the integration with downstream petrochemicals.
The initiative is being driven by Singapore’s Economic Development Board, a government agency that plans and executes strategies to help grow the country’s economy.
The blueprint is still a “very pro-government structure” and “lacks involvement” from the industry, said SCIC’s executive director, Terence Koh.
Without industry feedback, it will be difficult for the authority to conceptualise and implement its plans for integrating feedstocks with downstream products and for improving connectivity and productivity of the facilities, Koh said.
SCIC can facilitate the dialogue between the industry and the government on issues relating to the Jurong Island 2.0 project because its 157 members present potential opportunities for Singapore and Jurong Island, said SCIC’s honorary chairman, Lawrence Cheung.
Open and transparent dialogues between the government and the industry will benefit the Jurong Island 2.0 project because new ideas will come out of the dialogues, said Cheung.
The Singapore government was receptive to SCIC’s call for more industry participation in the Jurong Island 2.0 blueprint, said SCIC’s chairman, Dr Tay Kin Bee.
The government has engaged consultants to look into the supporting facilities and infrastructure of the Jurong Island 2.0 project, and now it wants to find out how the industry wants to be involved in the project, said Dr Tay.
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