Projected Demand for Renewable Diesel and Sustainable Aviation Fuel Produced in Singapore Against Projected Regional Refining Capacity

Mr Dennis Tan Lip Fong asked the Deputy Prime Minister and Minister for Trade and Industry (a) what is the projected domestic and regional demand for renewable diesel and sustainable aviation fuel produced in Singapore; and (b) how does this demand match up against the projected regional refining capacity of 6.8 million tons by 2027 cited during the recent US Trade Representative Section 301 hearings on practices of certain economies on structural excess capacity.

Mr Gan Kim Yong: The Government does not make projections of domestic or regional demand for renewable diesel or sustainable aviation fuel. Demand depends on commercial considerations, evolving market conditions and regulatory developments across different jurisdictions. Similarly, investments in production capacity are determined by the private sector based on commercial decisions.

The figure referred to by the Member was cited by an external stakeholder during the public hearing for the United States Trade Representative's Section 301 investigation into structural excess capacity and production in manufacturing sectors. It is not a Government estimate or projection.