Singapore Airlines and its Cool Airline jointly announced on May 9 that it has signed agreements with two companies to procure sustainable aviation fuel (SAF) and related certificates. SIA has purchased 1,000 tons of pure, CORSIA-compliant SAF from Finnish Petroleum, the second time it has sourced such fuel locally, which will help drive the development of Singapore’s SAF ecosystem and enhance supply chain resilience.
In addition, SIA also procured carbon emission reduction certificates equivalent to 2,000 metric tons of SAF from a U.S.-based biofuel company through the “certificate trading” model, which allows it to declare emission reduction benefits without the need to physically deliver the certificates. Both transactions were completed in the first quarter of this year and are expected to reduce carbon dioxide emissions by more than 9,500 metric tons.
SIA is also an active participant in the Green Fuel Forward program to drive demand for SAF in the Asia Pacific region. SIA’s Chief Sustainability Officer, Ms. Li Wenfen, said the company will continue to work with its global partners to decarbonize the airline industry, laying the groundwork for a 5% SAF utilization rate by 2030 and a net zero emissions target by 2050.
