Meet four innovators harnessing cutting-edge technology to clean up some of the most polluting sectors
Green technology plays a crucial role in combating climate change and preserving the planet. Renewable energy, for instance, has seen remarkable growth and adoption in recent years. In 2022, the International Energy Agency found that renewable energy sources accounted for almost 90 percent of all new electricity-generating capacity additions, with solar photovoltaic (PV) technology and wind power leading the charge.
According to Polaris Market Research, the value of the global green technology and sustainability market is expected to grow from $26.85 billion in 2024 to $121.05 billion in 2032.
Despite challenges such as high initial costs and infrastructure limitations, the interest in and adoption of green technology globally is accelerating. Here are four young leaders whose companies are helping to make this happen across Asia-Pacific.
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Oh Chu Xian
Oh Chu Xian is addressing two critical environmental issues through her company Magorium: plastic waste management and sustainable infrastructure development.
Founded in 2019, Magorium has developed groundbreaking technology that converts contaminated plastic waste into NewBitumen, an innovative material used to pave roads.
The Singapore-based company has diverted over 8,000kg of plastic waste from incineration. It has partnered with the likes of pharmaceutical giant Sanofi and real estate company Sentosa. The company has also received backing from Enterprise Singapore, DBS Foundation, Temasek Foundation and Singapore’s Ministry of Sustainability and Environment.
Read more: This young environmentalist turns plastic waste into construction materials