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CleanTech One officially opens in Singapore’s first eco-business park

August 16, 2013

CleanTech One officially opens in Singapore’s first eco-business park

Industrial estates developer JTC Corporation opened on Thursday the first property in Singapore’s first green business park. Called the CleanTech One, the six-storey two-towered building with over 37,000 square meters of space will house various local and international organizations to create a diverse hub for clean technology. The green ‘complex within a complex’ is part of a concerted effort between JTC and the national government to drive the clean technology industry in Singapore and encourage more business to embrace sustainability.

Ministry for Trade and Industry Mr. Lim Hng Kiang, who led the launch said, “The issue of environmental sustainability is increasingly a key concern of many governments and companies. This has spurred the growth of the global cleantech market, which now stands at around US$1 trillion annually.” Singapore has identified clean energy, water and environment industries as key growth areas. The expected GDP (gross domestic product) contribution of these industries is worth S$3.4 billion (or US$2.6 billion), he added.

CleanTech One is listed as a Green Mark Platinum building, which is the highest rating classification in Singapore’s green building certification scheme. According to JTC, the building, which cost $87 million to construct, has several environmental features. So far, 22 organizations have set up in CleanTech One, such as Danish water firm DHI Water and Environment, Sinomem Technology from China, semiconductor company Advantec, thermal systems firm Solid Asia, energy solutions company Diamond Energy, and Japanese carbon fiber producer Toray Industries.

Read more at Eco-Business.

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