Singapore was on the forefront of oil’s emergence in Asia more than a century ago and has grown to become a global giant in petroleum trade, but now the city-state is tasked with finding a new pathway as the clean energy transition accelerates worldwide.

Shell, which started out as M. Samuel & Co. and built the first fuel depot in Singapore in the 1890s, said in November it was shutting half of its refining capacity on Singapore’s Pulau Bukom island, a move signaling the start of one era and the beginning of another for the energy hub.

Shell said Pulau Bukom will become one of its roughly six energy and chemicals parks and part of a “pivot from a crude-oil, fuels-based product slate towards new

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