The Philippines plans for $14bn pollution-free city
The Philippines government has announced plans to build a smart city in order to tackle the air pollution and traffic in the capital city, Manila.
The development of the new city, named New Clark, will cost US$14bn, and is expected to take place over the next 30 years.
The project is also expected to annually generate $30bn for the nation’s economy.
The city will be located 75 miles from Manila, spanning across 36 square miles, and accommodating up to 2mn people.
The development will feature drones, electric driverless vehicles, energy-efficient buildings, a giant sports complex, and green spaces covering two third of the land.
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There will be five districts in New Clark, each with a different function – government, business, education, agriculture, and recreation.
“You'll gradually see Manila becoming a different type of city, and in New Clark City, and in New Clark City you'll see new technology companies coming through,” Heang Fine Wong, CEO of Surbana Jurong, informed CNBC.
The BCDA Group and Surbana Jurong will be responsible for developing the smart city, which will be larger than Manhattan and 184ft above sea level.
Construction of the city is anticipated to begin in 2022, accompanied by a new railway line connecting the new city to the capital.
The railway line will be constructed by the Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development.
Trafigura and Yara International explore clean ammonia usage
Reducing shipping emissions is a vital component of the fight against global climate change, yet Greenhouse Gas emissions from the global maritime sector are increasing - and at odds with the IMO's strategy to cut absolute emissions by at least 50% by 2050.
How more than 70,000 ships can decrease their reliance on carbon-based sources is one of transport's most pressing decarbonisation challenges.
Yara and Trafigura intend to collaborate on initiatives that will establish themselves in the clean ammonia value chain. Under the MoU announced today, Trafigura and Yara intend to work together in the following areas:
- The supply of clean ammonia by Yara to Trafigura Group companies
- Exploration of joint R&D initiatives for clean ammonia application as a marine fuel
- Development of new clean ammonia assets including marine fuel infrastructure and market opportunities
Magnus Krogh Ankarstrand, President of Yara Clean Ammonia, said the agreement is a good example of cross-industry collaboration to develop and promote zero-emission fuel in the form of clean ammonia for the shipping industry. "Building clean ammonia value chains is critical to facilitate the transition to zero emission fuels by enabling the hydrogen economy – not least within trade and distribution where both Yara and Trafigura have leading capabilities. Demand and supply of clean ammonia need to be developed in tandem," he said.
There is a growing consensus that hydrogen-based fuels will ultimately be the shipping fuels of the future, but clear and comprehensive regulation is essential, according to Jose Maria Larocca, Executive Director and Co-Head of Oil Trading for Trafigura.
Ammonia has a number of properties that require "further investigation," according to Wartsila. "It ignites and burns poorly compared to other fuels and is toxic and corrosive, making safe handling and storage important. Burning ammonia could also lead to higher NOx emissions unless controlled either by aftertreatment or by optimising the combustion process," it notes.
Trafigura has co-sponsored the R&D of MAN Energy Solutions’ ammonia-fuelled engine for maritime vessels, has performed in-depth studies of transport fuels with reduced greenhouse gas emissions, and has published a white paper on the need for a global carbon levy for shipping fuels to be introduced by International Maritime Organization.
Oslo-based Yara produces roughly 8.5 million tonnes of ammonia annually and employs a fleet of 11 ammonia carriers, including 5 fully owned ships, and owns 18 marine ammonia terminals with 580 kt of storage capacity – enabling it to produce and deliver ammonia across the globe.
It recently established a new clean ammonia unit to capture growth opportunities in emission-free fuel for shipping and power, carbon-free fertilizer and ammonia for industrial applications.