Neste completes €1.6bn Singapore expansion, brings green aviation fuel to Changi airport 

Neste – the world’s leading producer of sustainable aviation fuel (SAF) and renewable diesel – celebrates the opening of its Singapore expansion and establishes an SAF supply chain to Changi Airport.

Nasdaq Helsinki listed Neste announced its final investment decision on additional renewable products production capacity in Singapore in December 2018. The start-up of the refinery expansion was completed back in mid-April, and the €1.6 billion Singapore Expansion project’s opening officially celebrated at a recent event.

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 the firm’s 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.

New milestone in Neste’s renewables growth story



“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,” noted Matti Lehmus, President and CEO of Neste. “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,” he remarked. 

“Singapore has world-class logistics connectivity enabling efficient transportation of the renewable raw materials as well as final products globally,” continued Mr Lehmus. “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.”    



Establishing an SAF supply chain to Changi airport

Furthermore, Neste reported that it has now established an integrated SAF supply chain to Singapore Changi Airport.

“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,” advised Sami Jauhiainen, acting Executive Vice President for the Renewable Aviation business unit of Neste. “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.” 

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.

SAF: Key to slashing aviation industry emissions



Neste has pledged its commitment to supporting the aviation industry globally in achieving the goal of net-zero emissions by 2050. Additionally, a Neste spokesperson said the company 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. 

SAF is widely acknowledged as a key element in achieving the aviation industry’s ambitious emission reduction goals. To support its aviation customers across the globe in achieving their climate targets by reducing their emissions with SAF, Neste is also developing a global network of airports where it has the capability to supply SAF directly into aircraft. Singapore’s Changi airport extends this network of airports, which includes San Francisco (SFO) and Los Angeles (LAX) in the U.S., Amsterdam (AMS) in the Netherlands, and Helsinki Airport (HEL) in Finland. Neste is also supplying SAF to various fuel marketing companies, broadening its availability outside its own airport network.

When used in neat form and calculated with life-cycle assessment methodologies, utilising Neste’s SAF reduces greenhouse gas emissions by up to 80 per cent over the fuel’s life cycle compared to using fossil jet fuel. 

Neste’s total SAF production capability will be 1.5 million tons per annum by the end of 2023 when the modifications at Neste’s Rotterdam refinery are completed, and 2.2 million tons when the expansion of the Rotterdam refinery is completed by the first half of 2026.

www.neste.com