Neste Bets on Global Green Fuel Future With Bigger Asian Plant
- CEO says facility can supply markets in Europe, North America
- Singapore refinery doubles capacity to 2.6 million tons a year
Neste Oyj's refinery in Singapore.
Photographer: Lauryn Ishak/BloombergThis article is for subscribers only.
Neste Oyj plans to supply renewable diesel and sustainable aviation fuel to regions across the world from its expanded refinery in Singapore, as global green ambitions drive up demand.
The recently completed €1.6 billion ($1.74 billion) expansion has turned the plant into the world’s biggest renewable diesel refinery and largest producer of sustainable aviation fuel, with capacity to make as much as 1 million tons of SAF a year, according to the Finnish company.