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 🌬️ U.S. Bank Makes First Carbon Removal Purchase with Carba's Minnesota Biochar Project 🏭 Michigan's CCS Primacy Bid Could Reshape Great Lakes Industry 🏗️ Europe's Largest Carbo...
Inside This Issue ⭐ Deep Sky Receives First Pre-Issuance DAC Rating ♻️ Casella Waste Systems and Waga Energy Bring Third RNG Facility Online at McKean Landfill 🌐 Sinopec and International Partners...
Inside This Issue ✈️ Montana Renewables Announces Innovative, Capital-Efficient Expansion to 200 Million Gallons of Sustainable Aviation Fuel ⚗️ Live Oak Starts Competitive FEED for Nebraska E-Met...
Installation Work for a 30MW Class Hydrogen-Fired Gas Turbine Has Been Completed
~Towards the Implementation of Europe's First Power Generation Demonstration Project~ 30MW class gas turbine "L30A" Power generation equipment inst...
Europe's Largest Carbon Capture Facility Officially Inaugurated at Yara Sluiskil in the Netherlands
SLUISKIL, Netherlands, Sept. 7, 2026 /PRNewswire/ -- Europe's largest industrial carbon capture facility was officially inaugurated today at Yara International ASA's plant in Sluiskil, the Netherla...
U.S. Bank Makes First Carbon Removal Purchase With Carba's Minnesota Biochar Project
U.S. Bank has entered the carbon dioxide removal market for the first time by purchasing credits from Carba's biochar project in Minnesota. The agreement gives the Minnesota carbon removal develope...
Deep Sky Receives First Pre-Issuance DAC Rating
Pre-Issuance Rating for Deep Sky One Follows New DAC-Specific Integrity Framework with Sylvera Deep Sky, the world’s first technology-agnostic carbon removal project developer, has received an AAA...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.