Neste establishes SAF supply chain at Changi Airport
Neste announces completion of €1.6 billion Singapore expansion project, can produce one million tonnes SAF
From left: Minna Aila, EVP, Sustainability and Corporate Affairs, Neste, Tan Boon Khai, CEO, JTC, Png Cheong Boon, Chairman, EDB, Matti Lehmus, President and CEO, Neste, Gan Kim Young, Minister for Trade and Industry, Antti Vanska, Ambassador, Embassy of Finland, Singapore and Carl Nyberg, EVP, Renewables Platform, Neste at the Singapore opening ceremony
Neste has 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, to offer blended Neste sustainable aviation fuel (SAF) directly to airlines at Singapore Changi Airport.
The transaction is subject to the fulfilment of customary closing conditions, says an official release.
"Neste is committed to supporting the aviation industry globally in achieving the goal of net-zero emissions by 2050. Also, Neste is pleased to support Singapore in achieving its ambitious emission reduction targets as part of the Green Plan 2030 and sustainable air hub blueprint under preparation for completion later in 2023."
Sami Jauhiainen, Acting Executive Vice President, Renewable Aviation Business Unit, Neste says: “Singapore is a leading aviation hub in the Asia-Pacific region. In addition to being a global hub for Neste’s SAF production, we have established an integrated SAF supply chain to Singapore Changi Airport to make our product available to an increasing number of regional and international airlines. The neat SAF is produced at our refinery located in the Tuas area of Singapore, then blended together with conventional fossil jet fuel and certified to meet jet fuel specifications at the blending terminal in Singapore, and finally delivered to our customers at Changi Airport."
Completes Singapore expansion
Neste is also celebrating the completion of the €1.6 billion Singapore expansion project today. The refinery expansion doubles Neste’s production capacity in Singapore and brings the refinery’s total capacity to 2.6 million tonnes annually of which up to one million tonnes can be SAF, the release added.
"This strengthens our position as the world's leading SAF producer. 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."
Matti Lehmus, President and CEO, Neste says: “We celebrate today our Singapore refinery expansion opening with our customers, partners and employees. This marks another important milestone in our renewables growth strategy execution. 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.
“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 Centre."
Neste’s total SAF production capability will be 1.5 million tonnes per annum by the end of 2023 when the modifications at the Rotterdam refinery are completed, and 2.2 million tonnes when the expansion of the Rotterdam refinery is completed by the first half of 2026, the release added.
