Shell drops plans to invest in SAF in Singapore due to lack of mandates and demand

In Singapore, Reuters reports that Shell has decided to pull out of its planned sustainable aviation fuel facility in Singapore, as well as a base oils investment it was exploring, although the company says it will continue to supply both biofuels and base oils and lubricants to the region. The 550,000 metric ton per year SAF, renewable diesel and bio-naptha project was announced in late 2021 with the final investment decision expected in early 2023. Without a SAF blending mandate in Asia and customers unwilling to pay more for the fuel, the company decided to back out.