Singapore’s Energy and Chemicals Sector: Plenty of Job Opportunities

How huge is the power and chemical substances sector in Singapore?

The power and chemical substances sector has considerably influenced Singapore’s financial progress because the Nineteen Sixties. Although Singapore isn’t an oil-producing nation, it has established itself as a major participant within the power and chemical substances sector. 

Jurong Island serves as a hub for refining, petrochemical, and specialty chemical substances actions. The built-in infrastructure on Jurong Island creates production synergies and cost-saving measures for firms working within the sector. Right this moment, the island homes greater than 100 power, petrochemical and specialty chemical substances, together with world firms corresponding to Shell, ExxonMobil, BP and Chevron.

Contributing round 3% of Singapore’s gross home product (GDP) and one-fifth of the nation’s whole manufacturing output in 2020, the power and chemical substances sector employs greater than 27,000 folks.

(Picture credit score: EDB Singapore)

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What’s the outlook for Singapore’s power and chemical substances sector?

Because the world strikes towards cleaner power sources and embraces extra sustainable practices, there could also be diminished demand for conventional petrochemical merchandise, corresponding to plastics and artificial chemical substances, that are derived from fossil fuels. 

This might affect Singapore’s petrochemical manufacturing business, which is a serious participant within the world market.

To adapt to the altering panorama, the Singapore authorities has been proactive in supporting the power and chemical substances sector by implementing insurance policies and initiatives to advertise the sector’s progress and improvement, together with tax incentives, funding help, and infrastructure improvement. 

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Business Transformation Map

Anticipating these shifts within the evolution of the power and chemical substances sector, the Singapore authorities launched the Energy & Chemicals Industry Transformation Map (ITM) 2025, a key technique aimed toward decarbonising the sector whereas seizing new progress alternatives. 

A two-pronged technique, the roadmap is predicted to generate $12.7 billion in value-add and 1,400 new jobs by 2025. The ITM will prioritise 4 clusters in speciality chemical substances – vitamin and agriculture, cleanliness and well being, good supplies and mobility, and sustainability – because it shifts its focus to high-value chemical substances and specialty chemical substances. 

This contains plans to transform the existing base of chemical manufacturing through the adoption of innovative technologies.

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Jurong Island Transformation

The transformation of Jurong Island in Singapore is aimed toward supporting decarbonisation efforts whereas serving to power and chemical substances firms transition to sustainable practices. The federal government has initiated the transformation of Jurong Island into a sustainable energy and chemicals park

(Picture credit score: EDB Singapore)

This transformation includes implementing numerous initiatives and techniques to advertise the adoption of decarbonisation and sustainability options. One of many key initiatives is the Resource Efficiency Grant for Energy, which helps firms in adopting decarbonisation and sustainability options. 

Singapore’s power and chemical substances sector is actively hiring

As Singapore’s power and chemical substances sector evolves to satisfy new world calls for, there are many job alternatives to be seized, notably in sustainability roles. 

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Learn Extra: Singapore’s Sustainability Sector: Job Opportunities and Career Conversion Programmes to Tap on for a Successful Industry Switch

As Singapore strives to attain a greener future, there’s a rising want for professionals in areas like renewable power, clear applied sciences, and sustainable practices. So, in case you’re eager on becoming a member of the sector, there’s no higher time than now to hop aboard! 

Listed below are some helpful readings that can assist you study extra. 

What’s it Like to Work as a Chemical Engineer?

How to Prepare for a Lucrative Career in Advanced Manufacturing

Top 3 Reasons Why You Should Take Up a Lab Technician Job

The Ultimate Guide to Getting a Job as a Technician

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