Neste celebrates opening of Singapore expansion
Neste has announced that its EUR 1.6 billion Singapore Expansion project has been successfully completed.
The Singapore refinery expansion doubles Neste’s production capacity in Singapore and brings the refinery’s total…
Neste has announced that its EUR 1.6 billion Singapore Expansion project has been successfully completed.
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 their position as a 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.
“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,” 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.”
Integrated SAF supply chain to Singapore Changi Airport
Neste is committed to supporting the aviation industry globally in achieving the goal of net-zero emissions by 2050.
Also, Neste said it was 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.
“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,” said Sami Jauhiainen, acting Executive Vice President for the Renewable Aviation business unit of Neste.
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