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 the 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 3rd Changi Aviation Summit on 2 February 2026, and was witnessed by Mr 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.
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)¹ 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.”
¹ SAF Environmental Attributes represent the difference in carbon dioxide (CO2) emissions from the use of SAF compared to the same quantity of conventional aviation fuel throughout its life cycle. These attributes can be used by businesses and organisations to make credible claims about reducing the climate impact of their aviation-related activities.
Annex A
Quotes from Partners to Voluntary SAF Use Trial
Ms Mariam Jaafar, Managing Director and Senior Partner of the Boston Consulting Group Singapore – Office Lead, said: “Aviation decarbonisation will require both strong public policy and credible private sector action. We are pleased to support SAFCo’s voluntary SAF trial as an important step in expanding ambition, translating intent into action to drive SAF adoption, and piloting Singapore’s innovative model.”
Mr Lim Ching Kiat, Executive Vice President, Air Hub & Cargo Development of the Changi Airport Group, said: “Changi Airport Group is pleased to participate in the voluntary SAF procurement trial as part of our commitment to advancing sustainable aviation. Building on our earlier efforts in establishing a seamless SAF supply chain at Changi Airport, we look forward to supporting wider SAF adoption in Singapore.”
Mr Han Kwee Juan, Group Head of Institutional Banking of DBS Bank, said: “DBS is committed to supporting Singapore’s national climate agenda, and we are proud to partner SAFCo and the wider ecosystem to accelerate aviation decarbonisation. Our goal is to lower the cost and scale the adoption of Sustainable Aviation Fuel – supporting the transformation of Singapore’s air hub. By working closely with industry partners and leveraging our suite of financial solutions, we will advance sector-wide decarbonisation and strengthen the resilience of aviation businesses.”
Mr Frederick Teo, Chief Executive Officer of GenZero, said: “Aviation decarbonisation is critical for Singapore given the importance of the sector to our economy. SAF is one of the most significant levers to achieve net-zero aviation by 2050. SAFCo’s voluntary trial is timely because it turns ambition into action by aggregating demand, validating end-to-end processes, and strengthening the environmental-attribute and reporting practices the industry and other corporates need to participate with confidence. At GenZero, we mobilise capital and partnerships to scale high-integrity solutions like SAF, including through initiatives such as Green Fuel Forward. We are pleased to support this effort as Singapore builds a trusted SAF ecosystem that can accelerate practical adoption in Singapore and across the region.”
Ms Vrushali Gaud, Director of Climate Operations at Google, said: “Sustainable aviation fuel is a critical lever for the decarbonisation of the aviation sector, and we are excited to partner on this initiative to advance its adoption. Developing a scalable SAF ecosystem is crucial for increasing supply and we are committed to supporting Singapore on these early efforts to unlock broader corporate action.”
Ms Elaine Lam, Head of Global Corporate Banking of OCBC, said: “The SAFCo trial demonstrates how Singapore can lead the region in advancing SAF, combining the nation’s strengths as a global aviation hub and leading financial centre. Aviation is one of six key sectors OCBC is prioritising to achieve net-zero financed emissions by 2050. With SAF as a key lever for aviation decarbonisation, we are committed to helping build a scalable SAF ecosystem – financing innovative SAF solutions, supporting credible market mechanisms to boost demand and supply, and strengthening confidence across the SAF value chain to drive investment.”
Ms Png Chin Yee, Chief Financial Officer of Temasek, said: “Aviation remains one of the toughest sectors to decarbonise – and SAF is the clearest lever we have this decade. The challenge is scale and cost, and by catalysing demand for SAF through this trial, we can play a proactive role in driving the system-level change needed to advance real-world decarbonisation. Small actions, taken together, can unlock meaningful scale and accelerate the transition to a more resilient world in a tangible way.”
Ms Lee Wen Fen, Chief Sustainability Officer of Singapore Airlines, said: “Achieving the SIA Group’s decarbonisation goal of net-zero carbon emissions by 2050 requires multiple levers, with SAF at the core of our pathway. This voluntary SAF trial with SAFCo and CAAS is a further step to aggregate demand and build the capabilities to scale SAF in Singapore, supporting the development of a SAF ecosystem. The SIA Group will continue to work with our ecosystem partners to advance these solutions and lay the groundwork for more sustainable air travel.”