SINGAPORE - Singapore has continued to attract companies to expand their global footprint from the city-state, with major energy and agriculture groups building operations to trade biofuels, carbon offsets and crude.
The British-based Prax Group, for instance, has established its regional headquarters in Singapore to trade biofuels alongside traditional fuels. This includes international organisations such as the International Emissions Trading Association, which set up its Asia hub in Singapore in June 2023.
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