Nine firms join CAAS, SAFCo to launch SAF procurement trial in Singapore

news
0
SHARE:

Singapore’s aviation regulator the Civil Aviation Authority of Singapore (CAAS), the Singapore Sustainable Aviation Fuel Company (SAFCo) and nine companies have launched Singapore’s first trial for central procurement of voluntary sustainable aviation fuel (SAF).

“We are encouraged by the strong commercial interest. With greater awareness, we hope more will join. By aggregating regulated and voluntary SAF demand, we seek to grow a robust and efficient SAF ecosystem, to achieve a more resilient and affordable fuel supply for our aviation sector,” said Han Kok Juan, director-general of CAAS.

The nine companies include Boston Consulting Group, Changi Airport Group, DBS Bank, GenZero, Google, OCBC, Temasek, Singapore Airlines and Scoot.

The organisations have signed an agreement to trial buying SAF through the SAFCo.

The regulator established SAFCo to centrally procure fuel to support Singapore’s 1% SAF for flights departing the country. To fund this, the country has also announced a SAF Levy from 1 October 2026.

The SAFCo will work as demand aggregator to develop a scalable and integrated SAF ecosystem in Singapore.

The SAF trial will allow SAFCo to test the end-to-end operational, commercial and accounting processes needed for a national level SAF procurement and Environment Attributes (EAs)  allocation system.

SHARE: