Apac sees rising demand for sustainable aviation fuel but lack of refuelling points for airlines a pain point
DEMAND for sustainable aviation fuel (SAF) in Asia-Pacific is picking up, but its use is still limited by the number of airports in the region that supply the green fuel.
Countries and companies are therefore racing to build up the capabilities and capacity to produce and offer SAF, and Singapore stands a good chance of shining as an SAF hub.
Among the major players in the region are oil majors such as Shell, BP and ExxonMobil, as well as oil refining company Neste.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Global
European oil giants consider shifting their listings to the US
Abu Dhabi’s IHC to buy back up to US$1.4 billion of its shares
BlackRock triples annual investment in Apac private assets
Macron, von der Leyen press Xi on trade in Paris talks
China’s CICC demotes senior bankers, cuts pay to slash costs
China May Day holiday spending delivers mixed picture on post-Covid recovery