News
Temasek-owned company will launch a new SAF production facility in Singapore
November 13th 2025
The climate technology start-up Aether Fuels, which has has Temasek-owned Xora Innovation as its lead investor since 2022, and Aster will build a new facility to produce sustainable aviation fuel (SAF) in Singapore. Read More » The Project Beacon facility will be located at Aster’s refining hub on Pulau Bukom, which the chemical, energy, and infrastructure solutions company took over from Shell in April this year. The construction is the facility is to begin in the second half of 2026, and the production of SAF is planned to start in 2028. The plant will produce 2,000 tonnes of sustainable aviation fuel annually using waste gas, with plans for a larger facility producing 330,000 tonnes. The technology that Aether Fuels uses to produce the green aviation fuel yields 20% more fuel while requiring only half as much investment in equipment compared with producing sustainable fuel using waste oils, Conor Madigan, the company’s founder and chief executive, said. In September 2024, JetBlue signed a non-binding agreement with Aether Fuels to potentially buy fuel when commercial production begins. In February 2025, SIA Group signed a memorandum of understanding with Aether Fuels to potentially buy the fuel for five years when it begins commercial production. Singapore is home to Neste’s facility in Tuas South that can produce up to one million tonnes of SAF annually from waste materials such as used cooking oil and tallow.
