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.

A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia