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Fortune
Fortune
Angelica Ang

Asia is the 'next big frontier' for sustainable aviation fuel as governments push green mandates

(Credit: COURTESY OF NESTE)

Tucked away in an industrial estate in Singapore’s Tuas district is the world’s largest refinery for sustainable aviation fuels (SAF), where organic waste products like used cooking oil and animal fats are converted into energy to power airplanes.

Built by Finnish fuel producer Neste in 2010, the facility underwent a $1.9 billion expansion in 2019. Reopened in 2023, it now produces up to a million tonnes of SAF annually. Most of Singapore’s sustainable jet fuel is exported to Australia and Europe, but Neste executive Mario Mifsud says Asia is the “next big frontier” for SAF.

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