Thread regarding ExxonMobil Corp. layoffs

Should We Buy Neste Oyj Since We Are Marketing Sustainable Aviation Fuel Supplied by Neste's Facilities in Singapore and Europe?

Singapore Airlines to buy ExxonMobil's sustainable fuel in push to cut emissions

February 11, 2022
3:21 AM CST
Reporting by Sameer Manekar in Bengaluru; Editing by Arun Koyyur
Reuters.com

Feb 11 (Reuters) - Singapore's civil aviation authority and state-investor Temasek will support the city-state's flagship carrier Singapore Airlines in buying sustainable aviation fuel (SAF) from top U.S. oil producer Exxon Mobil Corp (XOM.N) for use in flights, the parties said on Friday.

Its use is expected to reduce about 2,500 tonnes of carbon dioxide emissions during the one-year pilot program starting from third quarter this year.

The carrier (SIAL.SI) will use the blended SAF from Exxon Mobil in its planes and Scoot flights. The fuel will comprise 1.25 million litres of neat SAF, supplied by Finnish oil refiner Neste Oyj (NESTE.HE), mixed with refined jet fuel at Exxon Mobil's facilities in Singapore, the parties said.

SAF generally produces up to 70% less carbon than fossil fuels and is being looked at as a way of making flying more environmentally friendly prior to the introduction of carbon-intensive hybrid, electric or hydrogen airplanes.

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| 1573 views | | 5 replies (last February 14, 2022) | Reply
Post ID: @OP+1fgm5N46

5 replies (most recent on top)

I hear EM is subsidizing electrification and sewers in Guyana nowadays.
That's progress.

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Post ID: @2vmr+1fgm5N46

Was on a project analyzing the economics of Neste with CSP last spring. They are only making money because of subsidies both in the US and Europe. The feedstock costs are too high. Everyone seemed negative about them, but who knows

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Post ID: @jnw+1fgm5N46

Finland’s government wouldn’t permit this, as they are the largest shareholder (35%)

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Post ID: @hyz+1fgm5N46

This is happening in the UK too.

2500 tonnes. Wow!

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Post ID: @hes+1fgm5N46

Dummy, this the wrong forum! Get a life. Apply a job in CSP!

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Post ID: @tmy+1fgm5N46

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