Previous close | 46.37 |
Open | 45.38 |
Bid | N/A x N/A |
Ask | N/A x N/A |
Day's range | 45.38 - 45.38 |
52-week range | 31.74 - 50.42 |
Volume | |
Avg. volume | 517,128 |
Market cap | N/A |
Beta (5Y monthly) | 0.86 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | 25 Jul 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Apical Group is considering investing in one or two sustainable aviation fuel (SAF) projects in southeast Asia and Europe as demand for lower carbon fuels rises towards 2030, a senior company executive said. These could come on the back of recent investment in a 1.2 billion euros ($1.31 billion) joint venture with Spain's Cepsa to build southern Europe's largest biofuels plant. This will start operating in 2026 and aims to produce 500,000 metric tons per year (tpy) of renewable diesel and SAF.
Demand for sustainable aviation fuel (SAF) should see a long-sought boost after regional airline hub Singapore said it would require SAF on flights from 2026, but high costs and uncertain raw material supply will mean barriers to wider adoption remain. The city-state will initially require flights to use 1% SAF, possibly rising to 3%-5% by 2030 depending on wider availability and adoption, which will be paid for by a levy on tickets, its transport minister said on Monday ahead of the Singapore Airshow this week. Aviation produces about 2% of the world's emissions and is considered one of the hardest sectors to decarbonise because of the high costs and lack of SAF supply and the long life of aircraft limits the introduction of newer technologies to lower emissions.
Neste has completed the strategic study launched in September 2022, and begins a gradual transformation of its crude oil refinery in Porvoo, Finland into a leading renewable and circular solutions refining hub. The planned transformation will proceed in phases, and requires multiple separate investment decisions during the next decade before targeted completion in the mid 2030s.