- Nihon Toyo is expanding renewable investments in Vietnam, focusing on sustainable aviation fuel (SAF) production.
- The company aims to partner with JGC Holdings on the SAF project.
Japanese powerhouse Nihon Toyo plans to expand renewable investments in Vietnam, focusing on producing sustainable aviation fuel (SAF). In a meeting with Vietnam’s Ministry of Transport, Nihon Toyo’s chairman emphasized the company’s commitment to the region.
Nihon Toyo has ongoing energy initiatives across Southeast Asia, including collaborations with Idemitsu on various projects. The company aims to venture into SAF production in partnership with JGC Holdings, a leading Japanese EPC contractor.
The initial feasibility study for the SAF project is estimated to cost up to $300,000 and could span four to six months. Vietnam’s Transport Minister reiterated the nation’s support for sustainable development, aligning with net-zero emission commitments.
Vietnam targets to increase SAF utilization in short flights to at least 10% by 2035, with aspirations for all new passenger transportation to utilize green energy. Vietnam aims to comprehensively integrate SAF and green energy across all aircraft by 2050.
Challenges include concerns over potential surges in flight ticket prices when transitioning from traditional fuels. Thang directed the Civil Aviation Authority of Vietnam to collaborate closely with Japanese counterparts on SAF production and usage standards.