MOSCOW (MRC) -- The Singapore Economic Development Board (EDB) said on Friday that the country's manufacturing output rose 17.6% year-on-year in February 2022, compared to a revised 2.4% increase in January, said Channelnewsasia.
Excluding biomedical manufacturing, the output grew 16.8 percent year-on-year in February, compared to a revised 4.9% growth in the previous month. On a seasonally adjusted month-on-month basis, Singapore's manufacturing output increased 16.6 percent in February. Excluding biomedical manufacturing, output grew 12.3%.
As for the performance of different clusters, the electronics cluster's output surged 32.4% year-on-year in February this year. The chemicals cluster's output declined 2.7% year-on-year in February. In the precision engineering sector, a growth of 1% year-on-year was recorded in the month.
The transport engineering cluster's output increased 4.5% year-on-year in February, while that of the general manufacturing cluster rose 12.6% year-on-year last month. The biomedical manufacturing cluster saw its output grow 25.3% year-on-year in February, compared to a revised 8.8% decline in January.
As per MRC, Shell has become the first supplier of sustainable aviation fuel (SAF) in Singapore, and plans to start blending the fuel at its plant in the aviation hub. The first batch of SAF was blended in Europe, Shell said in a statement.
Also, Neste plans to produce its first batch of sustainable aviation fuel (SAF) in Singapore by the end of 1Q 2023 after the COVID-19 pandemic delayed its expansion project. Neste produces renewable fuels, mainly from waste and residues such as used cooking oil, animal fat from food industry waste, fish fat from fish processing waste and residues from vegetable oil processing.