Exxon sends the first shipment of fuel made from sustainable sources to Singapore Changi Airport.
(Reuters) – SingaporeExxon Mobil Corp. (NYSE:XOM) said on Thursday that it had sent the first shipment of sustainable aviation fuel (SAF) to Changi Airport as part of a one-year pilot programme to test the new fuel for planes.
In a statement, ExxonMobil said that the cargo is a mix of fossil-based jet fuel from its Singapore integrated refining and petrochemical complex and SAF from Neste Oil.
In February, the Civil Aviation Authority of Singapore, Singapore Airlines (OTC: SINGY), and Temasek chose the oil company as the fuel supplier for the pilot programme. From Changi Airport, the fuel was to be sent to Singapore Airlines and Scoot flights starting this month.
By 2025, ExxonMobil wants to provide more than 40,000 barrels per day of lower-emission fuels, such as SAF, and by 2030, it wants to provide 200,000 barrels per day.
Efforts in the aviation, shipping, and heavy-duty trucking industries to reduce carbon emissions are likely to increase demand for fuels with lower emissions.
