a letter of intent has been signed between the British energy group British Petroleum (bp) and the Economic Development Board (edb) to build hydrogen refueling stations for future Singapore motorists driving hydrogen-powered vehicles.
Earlier, the edb signed a similar letter of intent with Daimler Chrysler to develop hydrogen-power cars for the Singapore market. It is expected that hydrogen systems will be installed by 2003 and hydrogen vehicles would be introduced by 2004.
Gary Oliver, hydrogen market development manager at bp said his company planned to install hydrogen refueling facilities, which cost between us $500,000 to $1.5 million each, in one or two of its existing retail outlets in Singapore. "For this pilot project we're targetting about two refueling stations to serve maybe 15 cars or so," he said. While the initial stations will be costly and serve only a few vehicles, the price of installing hydrogen refueling stations should decline as more are built, believe bp executives. The next step in the project will be to conduct a feasibility study on the Singapore market. It is to be noted that bp launched a similar project in the United Kingdom in March, 2001.