Finnish oil refining and biofuels firm Neste, currently the world’s leading producer of sustainable aviation fuel (SAF), has completed the expansion of its SAF refinery in Singapore.
The move doubles Neste’s production capacity in Singapore and brings the refinery’s total capacity to 2.6 million tons annually of which up to one million tons can be SAF.
In addition to increased production capacity, the enhanced raw material pre-treatment capacity onsite increases Neste’s capability to process more challenging waste and residue raw materials.
In order to be able to offer blended Neste MY Sustainable Aviation Fuel directly to airlines at Singapore Changi Airport, Neste has also agreed to acquire a stake and become a minority shareholder in Changi Airport Fuel Hydrant Installation Company (CAFHI), the fuel storage and infrastructure joint venture in the airport. The transaction is subject to the fulfilment of customary closing conditions.
“The completion of the construction of the refinery is a remarkable achievement given the complexity of the project and as it was carried out during a global pandemic. I want to express my sincere and warmest thanks to all our partners and employees who have been part of this project,” said Matti Lehmus, President and CEO of Neste.
“Singapore has world-class logistics connectivity enabling efficient transportation of the renewable raw materials as well as final products globally. Also, its world-class education supports the availability of future talents to be a part of our production and commercial operations, as well as to enhance our R&D in our recently established Innovation Center,” Lehmus added.