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
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.
TRENDING NOW
ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet
Singapore telco price war squeezes earnings, strengthens case for StarHub-M1 deal, say analysts
Sats slides 13.6% as investors dump shares on profit-margin squeeze
When every phone becomes a satellite phone, what happens to Asia’s telcos?
