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DBS issues green loan of ‘about $60 mil’ to Rexus Bioenergy to finance waste wood power plant in Jurong

Jovi Ho
Jovi Ho • 3 min read
DBS issues green loan of ‘about $60 mil’ to Rexus Bioenergy to finance waste wood power plant in Jurong
The RExus Waste Wood-to-Energy Plant is expected to be complete in 2H2026. Waste wood and wooden construction materials will be the main fuel source for the 13-megawatt facility. Photo: Bloomberg
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DBS Bank has issued a green loan worth “about $60 million” to Singaporean renewable power generator Rexus Bioenergy to finance the construction of a biomass power plant in Jurong. The bank declined to disclose the tenure of the loan and other specifics.

The RExus Waste Wood-to-Energy (WWtE) Plant is expected to be complete in 2H2026. Waste wood, including wooden pallets and packing materials from the logistics industry, and wooden construction materials will be the main fuel source for the 13-megawatt facility. 

According to a Nov 4 announcement, the plant will process “at least 100,000 tonnes” of plant and wood waste per year at the outset.

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