Which 9 Major Companies are in Coalition to Bulk-Buy SAF?
The Civil Aviation Authority of Singapore (CAAS), the Singapore Sustainable Aviation Fuel Company Ltd. (SAFCo) and nine companies have launched Singapore's first trial for central procurement of voluntary Sustainable Aviation Fuel (SAF).
The nine companies are the Boston Consulting Group, Changi Airport Group, DBS Bank, GenZero, Google, OCBC, Temasek, Singapore Airlines and Scoot.
The organisations involved have signed a Memorandum of Understanding and will trial buying SAF through SAFCo. The MOU was signed at the 3rd Changi Aviation Summit on 2 February, witnessed by Jeffrey Siow, Singapore's Acting Minister for Transport and Senior Minister of State for Finance.
Han Kok Juan, Director-General of CAAS, says: "We are encouraged by the strong commercial interest. With greater awareness, we hope more will join. By aggregating regulated and voluntary SAF demand, we seek to grow a robust and efficient SAF ecosystem, to achieve a more resilient and affordable fuel supply for our aviation sector."
Breaking new ground in green procurement
Singapore's SAFCo aggregates voluntary demand from nine major companies to trial bulk purchasing of Sustainable Aviation Fuel (SAF), demonstrating procurement's role in scaling green initiatives.
It highlights the power of centralised aggregation to drive sustainability goals while delivering cost efficiencies and supply chain resilience.
In October 2025, CAAS established SAFCo to centrally procure SAF for the Singapore air hub, in support of Singapore's aim to use 1% SAF for flights departing the country.
To achieve this, an SAF levy will be applied for flights departing Singapore from 1 October 2026. SAFCo will aggregate regulated demand and voluntary demand from organisations. This will help to develop a scalable and integrated SAF ecosystem in Singapore.
Economies of scale drive sustainability forward
Central procurement models like this one address key challenges in emerging markets such as SAF, where individual buying often faces high costs, limited supply certainty and fragmented environmental accounting.
By pooling demand, SAFCo creates economies of scale that make premium sustainable fuels more accessible. This approach aligns with global procurement trends towards collaborative sourcing for net-zero commitments, particularly in high-impact sectors like aviation.
As SAFCo's first SAF purchase, the voluntary SAF trial is an important first step. It will allow SAFCo to test the end-to-end operational, commercial and accounting processes needed for a national level SAF procurement and Environment Attributes (EAs) allocation system and support the implementation of Singapore's national SAF policy. For the nine participating companies, the trial will allow them to:
Achieve credible emissions reduction
Access SAF and associated EAs through a national SAF policy framework that ensures transparent and credible emissions reduction.
Gain practical insights
Get first-hand experience of the procurement and accounting process for SAF EAs to meet sustainability commitments.
Benefit from scale and certainty
Use SAFCo's aggregated demand to access SAF cost-effectively, more efficiently and with greater certainty compared to individual procurement.
Procurement leaders will recognise these benefits as core to strategic category management. The trial shifts organisations from siloed purchasing to a shared platform, ensuring transparency in emissions claims via EAs and reducing the risks of greenwashing. It also tests tendering, contracting and allocation mechanisms at scale, providing a blueprint for other regulated sustainability procurements.
Industry leaders back bold initiative
Tan Seow Hui, CEO of SAFCo, adds: "This voluntary trial is an important step in building confidence and capability in Singapore's SAF ecosystem. By aggregating demand and working closely with airlines, corporate partners and government agencies, we aim to demonstrate a practical and credible approach to SAF procurement and EA allocation that can scale over time."
For procurement practitioners, this Singapore trial underscores the strategic value of centralised models in volatile markets. Diverse participants from consulting (Boston Consulting Group), finance (DBS Bank, OCBC), technology (Google) and aviation (Singapore Airlines, Scoot) illustrate cross-industry collaboration.
As governments impose mandates like the SAF Levy, such frameworks enable compliance whilst unlocking competitive advantages.
The initiative also signals procurement's evolving role in ecosystem building. SAFCo's aggregation not only lowers costs but fosters supplier development and innovation in SAF production.
