Global Finance News
28 Jan 2026, 10:04
Keppel Ltd. and Aster have agreed to jointly assess the development of one of Asia’s first commercial-scale Ethanol-to-Jet Sustainable Aviation Fuel facilities on Jurong Island, Singapore. The proposed plant would have a production capacity of up to 100,000 tonnes of SAF per year, subject to regulatory approvals and a final investment decision.
The partners will conduct Front-End Engineering Design studies to evaluate the technical configuration, capital costs, financing and offtake structures, following the completion of an initial feasibility study. The project aims to support Singapore’s national SAF targets and meet growing regional airline demand, while leveraging Jurong Island’s existing industrial infrastructure. Keppel said the development is not expected to have a material financial impact in the current financial year and aligns with Singapore’s ambition to become a leading SAF hub in Asia.
The partners will conduct Front-End Engineering Design studies to evaluate the technical configuration, capital costs, financing and offtake structures, following the completion of an initial feasibility study. The project aims to support Singapore’s national SAF targets and meet growing regional airline demand, while leveraging Jurong Island’s existing industrial infrastructure. Keppel said the development is not expected to have a material financial impact in the current financial year and aligns with Singapore’s ambition to become a leading SAF hub in Asia.