NESTE ESTABLISHES SUSTAINABLE AVIATION FUEL SUPPLY CHAIN AT SINGAPORE CHANGI AIRPORT

Neste announced its final investment decision on additional renewable products production capacity in Singapore in December 2018. The EUR 1.6 billion Singapore Expansion project has been successfully completed, the start-up of the refinery expansion has been completed after mid-April, and Neste is celebrating its opening today. The Singapore refinery expansion 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 sustainable aviation fuel (SAF). 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.
In order to be able to offer blended Neste MY Sustainable Aviation Fuel™ directly to airlines at Singapore Changi Airport, Neste has agreed to acquire a stake and become a minority shareholder in Changi Airport Fuel Hydrant Installation Company Pte Ltd (CAFHI), the fuel storage and infrastructure joint venture in the airport. The transaction is subject to the fulfilment of customary closing conditions.
Neste Oyj is an oil refining and marketing company located in Espoo, Finland.
(Source: Neste – Image: Singapore Changi airport/Rene.B)