SPEECH BY MR LAM YI YOUNG, CHIEF EXECUTIVE, MARITIME AND PORT AUTHORITY OF SINGAPORE, AT THE GROUNDBREAKING CEREMONY OF THE THE NEWEARTH SINGAPORE FACILITY, 21 DECEMBER 2010, 1020HRS, TUAS SOUTH AVE 4 SITE

21 December 2010

Mr Lim Kong Puay, President & CEO of Tuas Power Ltd and Chairman of NewEarth Singapore,
Mr Roy Tan, CEO of NewEarth Singapore,
Distinguished guests,
Ladies and gentlemen,

Good morning. It is my pleasure to be here today for the groundbreaking of NewEarth Singapore's "Crystallisation Technology" Waste Re-utilisation Facility.

Today's groundbreaking ceremony is indeed a significant milestone for NewEarth Singapore and its Crystallisation Technology. NewEarth's Crystallisation Technology is a technological breakthrough as it enables the transformation of waste from construction works and maritime activities such as marine slop and dredging, into useful commercial building products. Not only does this allow us to recycle the waste materials, it also helps address the problem of proper disposal of such waste materials. This is truly an environmentally friendly technology.

Through its Maritime Innovation and Technology Fund, or MINT Fund, the Maritime and Port Authority of Singapore is pleased to have been involved with, and to have witnessed the development of NewEarth's Crystallisation Technology right from the beginning - from inception, to research and development, to test-bedding, till its successful completion and move towards becoming a valuable business proposition.

NewEarth's Crystallisation Technology is a good example of the research and development that MPA has been supporting through its MINT Fund. Established in 2003, the $100 million MINT Fund seeks to support research and development in maritime technology to give Maritime Singapore the technological edge. To-date, the MINT Fund has supported a total of 176 R&D and test-bedding projects in areas such as Offshore and Marine Engineering, Maritime Operations & Security, Maritime Environment and Clean Energy, Maritime Logistics and Transportation, and Maritime Infocomm Technology.

As a major flag registry and port, Singapore is strongly committed to environmentally-friendly shipping and port activities. MPA will continue in our efforts to promote maritime R&D that will help the maritime industry in contributing towards a greener environment.

All these cannot be achieved without the commitment and support from all partners and stakeholders in the maritime industry. I encourage more of such innovative projects that will benefit Maritime Singapore.

Finally, let me end by wishing NewEarth Singapore every success for its new Crystallisation Technology Waste Re-utilisation Facility.

I also wish you a pleasant day ahead, Merry Christmas and a Happy New Year.

Thank you.