Aether’s expanded Singapore presence coincides with continued progress on Project Beacon, Aether’s flagship next-generation commercial-scale SAF production facility being developed in partnership with Aster at Aster’s Bukom Island refinery in Singapore. The 50 bpd (2000 tpy) facility will utilise Aether AurorTM to convert industrial waste gas and biomethane into CORSIA-certified SAF with greenhouse gas emissions reductions anticipated to exceed 70%. Engineering is underway and construction is expected to begin in 2026, with commercial operations expected in 2028, marking the region’s first facility of its kind.
Aether recently closed US$15 million in convertible note financing, including investments from new investors Aster Ventures (deep tech arm of Aster) and EDBI, the investment arm of SG Growth Capital, alongside existing investors AP Ventures, Xora Innovation, CDP Venture Capital , TechEnergy Ventures, Foothill Ventures, Eni Next, and Chevron Technology Ventures. To date, Aether has secured over US$60 million in funding, and this most recent investment was catalysed by Aether’s announcement of Project Beacon. These funds will be used to accelerate the execution of that project.
As part of its continued scale-up, Aether announced the appointment of Stu Stott as Global Vice President of Projects, strengthening the company’s ability to deliver large scale sustainable fuels infrastructure across international markets. Stu will be based in Singapore through the execution of Project Beacon.
Aether also announced that Mei Chia, who has been with the company since 2023, will lead a new Singapore R&D Center, which Aether plans to establish in 2026.
Aether’s Singapore presence also includes TC Goh, who has been leading business development efforts across the region since joining Aether in January 2025.
“Aether is closing the year with strong momentum across leadership, technology, and project execution,” said Conor Madigan, Founder and CEO of Aether Fuels. “First, we are thrilled to add Aster Ventures and Singapore’s EDBI as new investors. Second, over the past 12 months, we have expanded our global team and advanced our first commercial facility in Singapore, while simultaneously maturing and scaling our core technology through our pilot and demo projects in the US. Bringing leaders like Stu onto the team positions us exceptionally well as we move from demonstration to deployment.”