In May 2023, oil refining and marketing company Neste celebrated the official opening of its Singapore Refinery Expansion. The expansion, which was first announced in 2018, cost USD 1.95 billion, and is expected to double the company’s production capacity in Singapore to 2.6 million tons annually, of which up to one million tons can be sustainable aviation fuel (SAF). The facility also has enhanced raw material pre-treatment capabilities, allowing the company to process more challenging waste and residue raw materials.
In addition to the facility expansion, Neste has established an integrated SAF supply chain at Singapore Changi Airport to make its new fuel available to regional and international airlines. The fuel will first be produced at Neste’s refinery, located in the West of Singapore, then blended together with conventional fossil jet fuel before being delivered to the Singapore Changi Airport. The SAF is expected to reduces greenhouse gas emissions by up to 80% over the fuel’s life cycle compared to using fossil jet fuel, which is expected to support Singapore in its emission reduction targets as part of the Green Plan 2030 and Sustainable Air Hub Blueprint, which is under preparation for completion later in 2023.
(Sources: Canadian Biomass)