Halliburton, A*STAR $35m lab targets 50% sector growth by 2030

New joint lab converts R&D into industrial solutions.

The Ministry of Trade and Industry officiated the launch of the Halliburton–A*STAR Next-generation Energy Xccelerator Joint Lab, which aims to grow the sector’s value-add by 50% by the end of the decade, whilst supporting the city-state’s Manufacturing 2030 vision.

The $35m joint investment between Halliburton and A*STAR is set to accelerate the rate of commercialisation of innovative ideas to meet the fast-moving demands of the global energy and manufacturing sectors, Minister of State (MOS) Alvin Tan said at the launch.

He also described the lab as a “high-performance converter” designed to transform research and development (R&D) into real-world industrial solutions.

The lab will solve practical manufacturing challenges, ensuring the potential of a new design is converted into a kinetic solution that can be manufactured at scale.

It will also combine the expertise of researchers and engineers from both Halliburton and A*STAR, alongside the government and global companies.

Tan underscored Halliburton’s contribution to Singapore’s industrial momentum since 1973, with the establishment of its first regional manufacturing centre in 1990 and its global headquarters for Completion Technology in 2011.

The MOS also said that Halliburton has invested more than $2m in nine joint R&D projects with A*STAR.

“I look forward to the breakthroughs that will emerge from this collaboration. I am sure they will reinforce Singapore’s position as a place where advanced manufacturing is not just a latent possibility, but an active, driving force for the future,” he said.