Singapore Airlines Group ordered 1,000 tons of sustainable aviation fuel from refiner Neste, the first supply of such fuel produced in its Singapore refinery to airlines at Changi Airport, Neste said yesterday.
The agreement will see the Finnish company blend sustainable aviation fuel or SAF, made from 100 percent renewable waste and residue raw materials, with conventional fuel and deliver the blend to Changi Airport’s fuel hydrant system in the second and fourth quarters this year.
Neste’s Singapore refinery is the world’s largest production facility for jet fuel made from waste materials, with an annual SAF capacity of up to one million tonnes.
Separately, Singapore is exploring potential measures to boost its struggling stock market as the gap between its peers in nearby regions widens, the Financial Times reported.
The Singapore Exchange is checking a document from the Singapore Venture & Private Capital Association including state funds GIC and Temasek, local and global venture firms and buyout groups such as General Atlantic, Warburg Pincus and KKR.
The government was also involved in the discussion on how to increase market liquidity.
Last year, Singapore’s initial public offering market was quiet, with over US$30 million (HK$234 million) raised in six new listings, compared to Hong Kong’s US$5.9 billion in 73 companies.
Hong Kong United Times丨香港聯合時報丨HKUT 