Published by Todd Bush on February 3, 2026
The Civil Aviation Authority of Singapore (CAAS), the Singapore Sustainable Aviation Fuel Company Ltd. (SAFCo) and nine companies have launched Singapore's first trial for central procurement of voluntary Sustainable Aviation Fuel (SAF). The nine companies are Boston Consulting Group, Changi Airport Group, DBS Bank, GenZero, Google, OCBC, Temasek, Singapore Airlines and Scoot. The organisations involved have signed a Memorandum of Understanding (MOU) and will trial buying SAF through SAFCo. The MOU was signed at the Changi Aviation Summit on 2 February 2026, and was witnessed by Jeffrey Siow, Singapore’s Acting Minister for Transport and Senior Minister of State for Finance.
In October 2025, CAAS established SAFCo to centrally procure SAF for the Singapore air hub, in support of Singapore’s aim to use 1 per cent SAF for flights departing Singapore. To achieve this, a SAF Levy will be applied for flights departing Singapore from 1 October 2026. SAFCo will aggregate regulated demand and voluntary demand from organisations. This will help to develop a scalable and integrated SAF ecosystem in Singapore.
In Other News: Alchemy Secures Credit Facility from PaceZero Capital Partners to Scale Distributed Biogenic CO₂ Production Facilities
As SAFCo's first SAF purchase, the voluntary SAF trial is an important first step. It 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 and support the implementation of Singapore’s national SAF policy. For the nine participating companies, the trial will allow them to:
Achieve credible emissions reduction. Access SAF and associated EAs through a national SAF policy framework that ensures transparent and credible emissions reduction.
Gain practical insights. Get first-hand experience on the procurement and accounting process for SAF EAs to meet sustainability commitments.
Benefit from scale and certainty. Leverage SAFCo’s aggregated demand to access SAF cost-effectively, more efficiently and with greater certainty compared to individual procurement.
Mr Han Kok Juan, Director-General of CAAS, said: “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.”
Ms Tan Seow Hui, Chief Executive Officer of SAFCo, said: “This voluntary trial is an important step in building confidence and capability in Singapore’s SAF ecosystem. By aggregating demand and working closely with airlines, corporate partners and government agencies, we aim to demonstrate a practical and credible approach to SAF procurement and EA allocation that can scale over time.”
The mission of the Civil Aviation Authority of Singapore (CAAS) is to grow a safe, vibrant air hub and civil aviation system, making a key contribution to Singapore's success. CAAS' roles are to oversee and promote safety in the aviation industry, develop the air hub and aviation industry, provide air navigation services, provide aviation training for human resource development, and contribute to the development of international civil aviation. For more information, visit www.caas.gov.sg.
SAFCo, established by the Civil Aviation Authority of Singapore, aims to build a transparent and integrated SAF demand market that brings together airlines, corporate buyers of SAF, fuel producers, carbon market platforms and stakeholders across the aviation fuel chain in Singapore to aggregate demand, stimulate investment and accelerate the use of SAF. Its mission is to enable a scalable, credible and efficient SAF ecosystem that supports the decarbonisation of Singapore’s air hub and catalyses regional SAF adoption. For more information, visit https://safco.com.sg/.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🌿 Graphyte Announces 60,000 Ton Carbon Removal Agreement With JPMorganChase ✈️ Montana Renewables Signs Bold 70M-Gallon SAF Agreement ⚡ eFuels SEA Launches Platform to Develop eF...
Inside This Issue ✈️ How Google Is Scaling SAF Demand Through Shell, Amex GBT 💸 Sora Fuel Closes $14.6M Round To Scale Air-To-Jet Fuel Technology 📊 CCUS Investment Tops $5 Billion, But The IEA Say...
Inside This Issue ✈️ Megawatt Hydrogen Turboprop Engine Completes Maiden Flight in Central China 🤝 XCF Global and Axens North America Announce Commercial Collaboration for Vegan(r) Technology 🔌 Ma...
Graphyte Announces 60,000 Ton Carbon Removal Agreement With JPMorganChase
Deliveries aim to create economic opportunities in parts of rural America and reduce wildfire risks in the Western U.S. Graphyte, a leader in permanent carbon removal, today announced an agreement...
Vault 44.01 to Construct First CCS Project in Indiana With EPA Class VI Permit Approval
Vault 44.01 ("Vault"), a market leader in the development of carbon capture and sequestration (CCS) projects, today announced that the U.S. Environmental Protection Agency (EPA) Region 5 has issued...
SINGAPORE, April 10, 2026 /PRNewswire/ -- eFuels SEA, Ltd. today announced its launch as a new development platform dedicated to advancing electrofuel, also referred to as eFuel, projects throughou...
Chestnut Carbon Issues First U.S. IFM Carbon Credits With Verra's Removals Tag
Chestnut Carbon ("Chestnut"), a leading U.S. developer of nature-based carbon removal projects, today announced that its Improved Forest Management (IFM) project has been issued 95,909 new carbon c...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.