Amid COP 28 in Dubai, an MOU was signed between the involved parties. Their collaboration aims to identify, assess, and collaboratively develop projects across Southeast Asia and the Middle East capable of utilizing and combining a minimum of one million tonnes of biogenic carbon dioxide (CO2) annually. This CO2 will be utilized in AM Green's facilities for the production of sustainable fuels. These eco-friendly fuels will act as a viable alternative to fossil fuels, aiding in the decarbonization of heavy industrial activities and the aviation industry.

Furthermore, Keppel and Greenko will explore potential collaboration opportunities within the value chain of a bio-methanol initiative in India. The objective of this project is to generate an annual output of 500,000 tonnes of bio-methanol. Biofuels, originating from natural sources like plant and animal biomass, constitute the largest segment of renewable energy globally, contributing to 55% of renewable energy production and accounting for more than 6% of the world's overall energy supply. The creation and utilization of sustainable fuels significantly diminish greenhouse gas emissions, positioning them as highly efficient and cleaner energy sources.

Keppel presently manages a significant Anaerobic Digestion and composting Plant in Qatar with an annual capacity of 273,750 tonnes, constructed by Keppel in 2012. Recognized as the world's largest composting facility, it has the capability to yield close to 110,000 cubic meters of biogas daily. This biogas is converted into eco-friendly electricity for internal operations and for export to the grid. Keppel is also engaged in assessing the feasibility of industrial carbon capture for waste-to-energy facilities in Singapore and the United Kingdom.

Ms. Cindy Lim, CEO of Keppel's Infrastructure Division, expressed, "Biofuels are pivotal in the journey towards decarbonizing industrial operations and the aviation sector. Leveraging Keppel's expertise in managing domestic waste, organic feedstock, and effective carbon cycling, this partnership with AM Green seeks to drive the advancement of next-generation biofuels and sustainable aviation fuel within the region. These innovations aim to act as viable replacements for fossil fuels".