Renewable fuels producer Neste has completed a multiyear, €1.6 billion ($1.7 billion) expansion at its Singapore refinery. The project doubled the facility’s total output capacity to 2.6 million tons of fuel a year, one million of which can be sustainable aviation fuel (SAF). In addition, the expansion also enhanced the plant’s raw material pretreatment capability, allowing it to process more challenging waste and residue feedstocks.
“This marks another important milestone in our renewables growth strategy execution,” said Neste president and CEO Matti Lehmus. “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.”
By year-end, when modifications to the company’s Rotterdam production facility are completed, Neste’s total SAF production will be 1.5 million tons a year. When the expansion of the Rotterdam facility is finished in first-half 2026, that will rise to 2.2 million tons.
As part of this latest project, the company also established an integrated SAF supply chain to Singapore Changi Airport. In a deal that is pending regulatory approval, Neste agreed to acquire a stake as a minority shareholder in Changi Airport Fuel Hydrant Installation Co., the airport’s fuel storage and infrastructure joint venture. This would make the fifth airport the company is directly supplying with SAF, joining San Francisco International, Los Angeles International, Amsterdam Schiphol, and Finland's Helsinki Airport.