OCBC signs MOU to participate in sustainable aviation fuel trial
Singapore, Feb. 5 -- OCBC has signed a Memorandum of Understanding (MOU) with the Civil Aviation Authority of Singapore and the Singapore Sustainable Aviation Fuel Company Ltd (SAFCo) to launch Singapore's first voluntary trial for the central procurement of sustainable aviation fuel (SAF). The trial will test end-to-end operational, commercial and accounting processes for an integrated SAF ecosystem, supporting the scale-up of its adoption and accelerating aviation decarbonisation.This initiative builds on OCBC's commitment to decarbonising the aviation sector, one of six priority sectors under its net-zero financed emissions target by 2050. OCBC will continue engaging clients on their transition to SAF, alongside fleet optimisation effort...
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