Neste will make Singapore aviation biofuel plant investment decision in December

In Finland, Reuters reports that Neste is sticking to an internal deadline of December to make its investment decision regarding the potential new aviation biofuel production facility in Singapore. The company already produces biofuel in Singapore but increased demand for renewables spurred by the most recent IPCC report and Norway’s 0.5% aviation biofuel mandate has given further impetus to the project that the company has already spent “tens of millions” developing. On the renewables front, the company has a 70% market share globally thanks to global sales of biofuels from 13 feedstocks.