Global airlines are rushing to make sustainable aviation fuels their hot ticket to climate-friendly flying. Now, a Singapore-based developer player wants to get in on the action, ploughing billions into energising Australia’s nascent green aviation fuel industry.
Southern Asian Carbon Limited (SACL), an outfit that helps organisations develop carbon reduction strategies, has kicked off a $US2.5 billion ($3.7 billion) raise to manufacture three biofuel refineries across Australia’s east coast.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
