Can sustainable aviation fuel solve airlines’ ESG problem?
Airlines claim there is not enough supply and suppliers claim there is not enough demand. Meanwhile, the cost is still too prohibitive and the actual impact still debatable.
FINNISH company Neste is putting Singapore on the global map for sustainable aviation fuel (SAF) with a plant that will make Singapore the world’s largest SAF-producing country in 2023.
The refinery in Tuas will be capable of rolling out 1 million tonnes a year. It will also dramatically increase the current capacity of Neste, which is already the world’s largest SAF producer at 100,000 tonnes a year.
Including its Rotterdam plant, Neste will boast a total capacity of 1.5 million tonnes or about 1.8 billion litres of biofuel for the aviation industry by the end of 2023.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Features
Increased longevity will bring profound social change
You can’t shake it off – deepfakes are here
Not just fun and games: How mobile games have become big business
Robot at your service: Singapore companies ride global wave to build next-gen robots
Nuclear power debate heats up in South-east Asia
Jurong Island: In search of a new miracle