PTT Aromatics kills Thai biojet fuel project, citing costs

In Thailand, PTT Aromatics and Refining has frozen its $150 million biojet investment project because it fears that high production costs would deter any interested buyers, costing airlines like THAI more to buy the fuel than to buy carbon credits.

With biojet availability in Thailand, flights to Europe would have to originate from Singapore where the green fuel is being produced. The supply of palm oil feedstock is no longer an issue for the project, but the high production costs and the need for significant volumes of hydrogen are major challenges.