• SP Group headquarters, Singapore
    SP Group headquarters, Singapore
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Daikin Singapore has formed a new joint venture with the SP Group.

It follows  an earlier announcement by STMicroelectronics (ST) and SP to establish Singapore’s largest industrial district cooling system for ST’s Ang Mo Kio TechnoPark.

The joint venture will build the district cooling system (DCS) which will have a cooling capacity of up to 36,000 refrigerant tonnes (RT).

When completed in 2025, it will help ST achieve 20 per cent savings in cooling-related electricity consumption annually and support ST’s target of achieving carbon neutrality by 2027.

Daikin and SP also signed a separate Memorandum of Understanding (MOU) to explore the potential of district cooling in other Southeast Asian countries, starting with Indonesia.

Under the MOU, Daikin and SP will combine their expertise, experience and resources to bring this sustainable cooling solution to various markets to help lower their energy consumption and reduce their carbon footprint.

The expanded collaboration between both companies signifies their commitment to empower smart, low-carbon cities across the region, and to support Singapore’s sustainability ambitions under the Singapore Green Plan 2030.

This project aligns with Daikin’s mission to build upon Singapore’s ongoing roadmap for greener buildings as well as the longer-term vision for a Singapore Smart-city that includes sustainability in its advocacy.

The joint venture will be 70 per cent owned by SP and 30 per cent by Daikin. It will build the new district cooling plant for ST Ang Mo Kio (AMK) Technology Park at Daikin’s AMK premise. By centralising chilled water production, the new facility is designed to optimise chiller efficiency and deliver a 24/7 chilled water supply to meet ST’s wafer fabrication needs.

In addition, Daikin will be deploying one of its most efficient 2,000-tonne HFO Chiller for this project.

In line with the nation’s green vision, Daikin hopes to achieve net-zero by the year 2050 by reducing greenhouse gas emissions and is constantly working towards this goal.

Daikin Singapore has been working with a keen focus on lowering its carbon footprint. As such, the company plans on leveraging its latest chiller software and optimisation expertisefor this project.

Daikin is also planning to launch other green initiatives, including a solution that uses chemical-free water treatment that leverages applied electrochemistry and an intelligent controller to enhance system performance, providing a sustainable and scalable solution to large building HVAC systems and industrial chiller circuits, but also saves energy, water, maintenance and chemical costs in cooling water management.

Daikin Airconditioning Singapore CEO Liu Shaw Jiun said the company is keen to play an active role in Singapore’sgreen, smart and sustainable living plans.

“With this project, we are excited to take another step towards our goals for a sustainable smart nation,” he said.

Daikin and SP first collaborated back in 2020 to bring Singapore’s first large-scale residential centralised cooling system to the upcoming Tengah HDB Town.

Both companies will continue to explore future opportunities to help create energy-saving models and help Singapore and the rest of Southeast Asia move towards a resilient, sustainable future.