The surge was mainly attributable to the Finnish company’s plant, which completed an expansion this year, said biofuel traders who asked not to be identified as they aren’t authorized to speak publicly. The facility is the world’s biggest renewable diesel refinery and largest producer of sustainable aviation fuel, according to Neste.
Chinese exports of used cooking oil to Singapore jumped to a record last month, likely due to more demand from Neste Oyj’s renewable fuel refinery.
Shipments of UCO rose to 48,832 tons in May, 18% more than April and almost double the amount from a year earlier, according to data from Chinese customs.
