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 |
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Forward dividend & yield | N/A (N/A) |
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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.
Finland's Neste said on Wednesday it plans to invest some 2.5 billion euros ($2.74 billion) to convert its Porvoo crude oil refinery into a biofuels production facility as it seeks to exit fossil fuel production over the long term. Neste has grown rapidly in recent years after investing in making renewable fuels from waste and residue, as industries and transport operators worldwide seek to cut their emissions. "The goal of our change programme is to create a globally significant production capacity for renewable and circular economy solutions, up to three million tons," Neste CEO Matti Lehmus told Reuters.