Singapore’s renewable fuel exports to US might be at risk
The change from Blenders Tax Credit to Clean Fuel Production Credit affects sustainable aviation fuel and renewable diesel
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
SINGAPORE’S exports of sustainable aviation fuel and renewable diesel to the US are at risk because of regulatory changes in the importing country.
The city-state hosts the world’s top-producing sustainable aviation fuel refinery, owned by Finnish company Neste, where it has an annual output capacity of one million tonnes. The refinery also churns out renewable diesel and renewable raw materials for polymers and chemicals.
All in, Neste has a total renewable products production capacity of 2.6 million tonnes at the Singapore plant annually.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
