A view of the Neste refinery located at Tuas South in Singapore May 16, 2023. REUTERS/Caroline Chia
SINGAPORE: Asia’s ability to supply sustainable aviation fuel (SAF) will outpace regional demand this year and next as more production comes online, increasing exports and potentially lowering prices for the fuel, oil executives and analysts say.
Planned SAF production could take a hit if regional demand remains tepid and prices fall below production costs, industry sources say, though Asia’s increased capacity is good news for airlines that have been complaining SAF is too expensive and hard to source.
