Neste is the world's leading manufacturer of SAF. Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. SAF is certified for commercial use and can currently be blended up to 50% with traditional jet fuel without modifications to airplanes, engines or fueling infrastructure. Aviation will remain important for global business, generating growth and facilitating economic recovery. We aim at helping customers to reduce their greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the worlds most sustainable companies. We have committed to reaching carbon-neutral production by 2035, and we will reduce the carbon emission intensity of sold products by 50% by 2040. In 2018, Neste joined SFO, Alaska Airlines, American Airlines, other airlines and fuel producers in a groundbreaking agreement to increase the use of sustainable aviation fuel. We are the worlds leading producer of sustainable aviation fuel and renewable diesel and developing chemical recycling to combat the plastic waste challenge. This collaboration with Airbus connects a pioneer in the aerospace industry with a leader in renewable fuels. Read more: For what purposes do we collect Personal Data? What Personal Data do we collect about you? *) The GHG emission reduction percentage varies depending on the region-specific legislation that provides the methodology for the calculations (e.g. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholdersempowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact. As regulatory frameworks obligating SAF use in aviation are still in early phases of development, businesses can take the lead in making a significant climate impact as sustainability frontrunners in their sectors. Read more: neste.com, The total volume of Neste MY Sustainable Aviation Fuel supplied is approximately 1.7 million gallons (5,200 tons). Neste is supplying Alaska Airlines, American Airlines and JetBlue Airways with sustainable aviation fuel for flights from San Francisco International Airport (SFO). Using Neste MY Sustainable Aviation Fuel reduces greenhouse gas emissions by up to 80%* over the fuels life cycle compared to using fossil jet fuel. +358 800 94025 / [email protected] (weekdays from 8.30 a.m. to 4.00 p.m. EET). We have committed to reaching carbon-neutral production by 2035, and we will reduce the carbon emission intensity of sold products by 50% by 2040. SAF is a cleaner, direct replacement for fossil jet fuel and reduces greenhouse gas (GHG) emissions by up to 80%* compared to fossil jet fuel. Vice President, Communications, Boston Consulting Group . Combined with Catoms storage facilities at strategic locations and dedicated logistics both over land and water the availability of Neste MY Renewable Diesel will further increase in the Dutch market. The low-carbon and high-quality fuel will contribute to each airline's efforts to reach their climate goals. Today, Neste produces 100,000 tons of SAF and production will increase to 1.5 million tons . Neste, the world's largest producer of renewable diesel and sustainable aviation fuel (SAF) produced from waste and residue raw materials, is supplying Alaska Airlines, American Airlines and JetBlue Airways with sustainable aviation fuel for flights from San Francisco International Airport (SFO). SAF is blended with conventional jet fuel and works seamlessly with existing fueling infrastructure and aircraft engines. As an industry, were working together to limit our contributions to climate change, said Joanna Geraghty, president and chief operating officer, JetBlue Airways. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. SAF is a next generation aviation fuel providing a more sustainable alternative to conventional, fossil based jet fuel. This move is part of BCGs global efforts to advance the path to lower-carbon travel, and is an important step on our journey to net-zero climate impact by 2030., After setting an example by using Neste MY Sustainable Aviation Fuel to reduce emissions from our own corporate air traveling, we are delighted that BCG decided to become our first customer to make use of our solution,says Sami Jauhiainen, Vice President Business Development, Renewable Aviation at Neste. AboutPressCopyrightContact. We also have set high standards for biodiversity, human rights and supply chain. Please subscribe to Nestes releases at https://www.neste.com/for-media/releases-and-news/subscribe. Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ. Prior to use, Nestes SAF is blended with fossil jet fuel and is then verified to meet ASTM jet fuel specifications. It is widely recognized as a key lever to achieve aviations emission reduction goals. In 2021, Neste's revenue stood at EUR 15.1 billion. Jauhiainen holds a Master of Science degree in Finance from the Helsinki School of Economics, and a Master of Science degree in Industrial Engineering and Management from the Helsinki University of Technology. Questions and answers about Neste and plastics, https://www.neste.com/for-media/releases-and-news/subscribe, Photo: Neste Catom partnership - Photo courtesy of Catom. Save my name, email, and website in this browser for the next time I comment. These have the potential to reduce greenhouse gas emissions by 85% to 95% over their lifecycle compared to traditional fossil-based jet fuel. Nestes SAF can be used as a drop-in fuel with existing aircraft engines and airport infrastructure, requiring no extra investment. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. Using Neste MY Sustainable Aviation Fuel reduces greenhouse gas emissions by up to 80%* over the fuel's life cycle compared to using fossil jet fuel. Vice President, Communications. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the worlds most sustainable companies. In 2020, Neste's revenue stood at EUR 11.8 billion, with 94% of the companys comparable operating profit coming from renewable products. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. Neste has been at the vanguard of sustainable aviation fuel production for nearly a decade and the company expects to have the capacity to produce some 515 million gallons of sustainable aviation fuel annually by 2023. , to be delivered to airlines SAS and Finnair, covering the volume of all the flights with these carriers taken by BCG employees in the Nordics. These aircraft can currently fly with up to 50% SAF blend. We are very proud to welcome Catom as a new distributor. We are introducing renewable and recycled raw materials such as liquefied waste plastic as refinery raw materials. At Airbus, we believe SAF is one of aerospaces most promising decarbonisation solutions that can be used in both in-service aircraft fleets and those of tomorrow. As one of the top aircraft manufacturers in the world, Boeing is sending a clear message to the entire aviation industry through this purchase that SAF is a key solution to reduce greenhouse gas emissions from flying, said Michael Sargeant, Vice President Americas, Renewable Aviation at Neste. How to effectively achieve sustainable mobility? The purchase agreements include supply of Neste MY Sustainable Aviation Fuel which is blended with conventional jet fuel at a 30/70 ratio to produce the blended SAF. Nestes SAF is made from sustainably sourced, 100% renewable waste and residue raw materials, such as used cooking oil and animal fat waste. Wizz Air has also been recognised as the Most Sustainable Low-Cost Airline within the World Finance Sustainability Awards 2022 and the Global Environmental Sustainability Airline Group of the Year by the CAPA-Centre for Aviation Awards for Excellence 2022. We are excited to see the commitment of corporate travelers to join the common cause of making air travel more sustainable. The reality is that flying planes on sustainable aviation fuelknown as SAFfaces big hurdles, and the airline acknowledged in the ad that it currently uses less than 0.1% of SAF for its fuel . unblended) and calculated with established life cycle assessment (LCA) methodologies, such as CORSIA methodology, Susanna Sieppi Neste MY Sustainable Aviation Fuel is produced from 100% sustainably sourced renewable waste and residue raw materials, including used cooking oil and animal fat waste. "Neste is at the forefront of accelerating the aviation sector's journey to a more sustainable future. All three airlines took their first deliveries of Nestes SAF at SFO within the last few weeks. How long do we retain your Personal Data? Currently, Neste's sustainable aviation fuel annual capacity is 100,000 tons; but with the Singapore refinery expansion on the way, and an additional investment into the Rotterdam refinery, Neste will have the capacity to produce some 1.5 million tons of SAF annually by the end of 2023. Neste MY Sustainable Aviation Fuel is a today solution, commercially available and in use worldwide. Matthew Driskill is the Editor of Asian Aviation and is based in Cambodia. Biomass includes algae, crop residues, animal waste, sludge waste, and forestry residue. Boeing will purchase 5.6 million gallons (21.2 million liters) of blended sustainable aviation fuel (SAF) to support their carbon footprint reduction strategy through 2023. BOC Aviation recorded a net profit after tax (NPAT) for the period of US$20 million, as a strong second half performance offset the first half write down of the value of aircraft formerly leased to ai Sabre announces distribution agreement with new Bangladesh airline Air Astra. Sustainable air travel for airlines and airports: now is the time for SAF. Neste MY SAF is produced from sustainably sourced, 100% renewable waste and residue raw materials, including used cooking oil and animal fat waste. Today, Neste produces 100,000 tons of SAF and production will increase to 1.5 million tons (around 1.875 billion litres) annually by the end of 2023. We are proud to be a part of this collaboration along with our partners EPIC Fuels, Signature Aviation and Avfuel.. Neste Corporation, Press Release, 22 February 2023 at 11.00 a.m. (EET). Neste MY Sustainable Aviation Fuel is produced from sustainably-sourced, 100% renewable waste and residue raw materials, such as used cooking oil and animal fat waste. +358 800 94025 /. +358 800 94025 / [email protected] (weekdays from 8.30 a.m. to 4.00 p.m. EET). *) The GHG emission reduction percentage varies depending on the region-specific legislation that provides the methodology for the calculations (e.g. Thanks for sharing it with us Well Described and Very informative post it was. Photo: At the Catom headquarters in Breda, The Netherlands. With Alaska and its Global Partners, guests can earn and redeem miles on flights to more than 800 destinations worldwide. AutoFlight, the global eVTOL (electric Vertical Take Off and Landing) pioneer, today announced it has entered into a contract with EVFLY. The combined knowledge and expertise of the companies will help advance the use and availability of SAF as a means of transitioning aviation towards more sustainable energy sources and reducing the climate impact of aviation, said Thorsten Lange, Executive Vice President, Renewable Aviation at Neste. Prior to use, Neste MY Sustainable Aviation Fuel is blended with fossil jet fuel and certified to meet ASTM jet fuel specifications. A step forward that connects seamlessly to our ambitions to be able to answer our end customers current needs and wishes when it comes to transportation and sustainability, says Jan Willem Westerhuis, CEO of Catom. Alaska Airlines and its regional partners serve more than 115 destinations across the United States and North America, providing essential air service for our guests along with moving crucial cargo shipments, such as food, medicine, mail and e-commerce deliveries. Our ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe by 2030. https://asianaviation.com/airports-in-apac-middle-east-cut-carbon-use/, Singapores Changi named Worlds Best Airport Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. *) When used in neat form (i.e. Abu Dhabi Aviation expands AW139 offshore fleet. Driskill has received awards from the Associated Press for Investigative Reporting and Business Writing and in 1989 was named the John J. McCloy Fellow by the Graduate School of Journalism at Columbia University in New York where he earned his Master's Degree. The agreement between Neste and Airbus builds on the cooperation in the ECLIF3 research project, the worlds first in-flight emissions study using 100% SAF on a wide-body commercial passenger aircraft, with Rolls-Royce and German research centre DLR. Nestes SAF is made from sustainably sourced, renewable waste and residue raw materials. Very informative and well described post it was. Read more: neste.com, The total volume of Neste MY Sustainable Aviation Fuel supplied is approximately 1.7 million gallons (5,200 tons). SAF is a cleaner, direct replacement for fossil jet fuel and reduces greenhouse gas (GHG) emissions by up to 80%* compared to fossil jet fuel. Source: Boeing. Additionally, EPIC Fuels and Signature will supply blended SAF for generating emissions reduction benefits for Boeing to allocate for company operations including Dreamlifter and executive flights, and commercial airplane deliveries. Neste Corporation, Press Release, 13 August, 2020 at 5:01 p.m. (EET). We are a fast growing company, with ambitious goals. Further information: Please contact Neste's media service, tel. Singapore Changi Airport has been named as the Worlds Best Airport in 2023 in the World Airport Awards held at Passenger Terminal EXPO. We have committed to reaching carbon-neutral production by 2035, and we will reduce the carbon emission intensity of sold products by 50% by 2040. In its neat form and over the lifecycle it reduces greenhouse gas emissions by up to 80% compared to fossil jet fuels. We are also a technologically advanced refiner of high-quality oil products. We are the worlds leading producer of sustainable aviation fuel and renewable diesel and developing chemical recycling to combat the plastic waste challenge. Using Neste MY Sustainable Aviation Fuel reduces greenhouse gas emissions by up to 80%* over the fuel's life cycle compared to using fossil jet fuel. Learn how Neste turns used cooking oil and other raw materials into sustainable aviation fuel. We have committed to reaching carbon-neutral production by 2035, and we will reduce the carbon emission intensity of sold products by 50% by 2040. This means a strong logistics presence and a very capable B-to-B sales organization across the Netherlands for Neste MY Renewable Diesel, says Peter Zonneveld, Vice President Sales Renewable Road Transport Europe and APAC at Neste. How to use your GDPR rights? A total of 64 airports in Asia-Pacific and Middle East have collectively contributed towards 162,623 tonnes of carbon reduction (Scope 1 & 2), according to the ACI Airport Carbon Accreditation (ACA) A Singapores Changi named Worlds Best Airport. Jauhiainens focus is on developing the market for SAF and building supply chains and partnerships to grow its availability in the region. Our ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe by 2030. (Global site), Technology, products and future raw materials, Millennium Innovation Forum Satellite Event in Singapore, Sustainable mobility opportunity in the US. Catom is a Dutch company active in the trade, distribution and sales of fuels and lubricants. All Airbus aircraft are already certified for flying with up to 50% SAF, and this partnership will be instrumental to reaching certification for 100% SAF by the end of the decade.. Prior to use, Neste MY Sustainable Aviation Fuel is blended with fossil jet fuel and certified to meet ASTM jet fuel specifications. +358 800 94025 / [email protected] (weekdays from 8.30 a.m. to 4.00 p.m. EET). https://asianaviation.com/indra-wins-deal-to-upgrade-atc-in-india/, Airports in APAC, Middle East cut carbon use Neste MY Sustainable Aviation Fuel can be used as a drop-in fuel as it is compatible with existing aircraft engines and airport infrastructure, requiring no extra investment into these. Advisory, Engineering and Project Management Services, Technology, products and future raw materials, Millennium Innovation Forum Satellite Event in Singapore, Digitalization in Feedstock and Sustainability, Sustainability and Feestock Digitalization, Renewable and circular solutions for polymers and chemicals, Neste Oyj, Production / Porvoo and Naantali, Neste Markkinointi Oy, Marketing & Services, Questions and answers about Neste and plastics, Human and labor rights within the palm oil sector, Our response to palm oil related criticism, Sponsorships, marketing cooperations and charitable contributions at Neste, Information for Nominee Registered Non-Finnish-Resident Shareholders, Shareholders with nominee-registered holdings, Financial Statements and other AGM documents, Making counterproposals to the proposed resolutions and presenting questions in advance, President and CEO and Executive Committee, Internal control over financial reporting, Insiders subject to Declaration Requirement. In commercial aircraft, Airbus offers modern and fuel-efficient airliners and associated services. The fuel is already available, used in the market and supplied to various commercial airlines, business aviation customers and at various airports in Europe and North America. *) When used in neat form (i.e. How sustainable aviation fuel (SAF) will reduce emissions on your next flight. Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. In addition to helping customers reduce their own greenhouse gas emissions, Neste has committed to making its production operations carbon neutral by 2035. Neste Corporation, News, 15 February 2023, Photo: Boeing ecoDemonstrator. Neste and Airbus have signed an agreement to advance the use of sustainable aviation fuel (SAF) within the aviation sector. On the left, Jan Willem Westerhuis, CEO of Catom and on the right Peter Zonneveld, Vice President Sales Renewable Road Transport Europe and APAC at Neste. As a technologically advanced refiner of high-quality oil products with a commitment to reach carbon-neutral production by 2035, we are also introducing renewable and recycled raw materials such as waste plastic as refinery raw materials. Questions and answers about Neste and plastics, https://www.neste.com/for-media/releases-and-news/subscribe, Photo: Wizz Air A321neo - Photo courtesy of Wizz Air. Very informative post it was. The focus will be on the technical development of SAF, fuel approval and testing of current and future production technologies, and investigating how "100% SAF" use can be enabled. unblended) and calculated with established life cycle assessment (LCA) methodologies, such as CORSIA methodology. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the worlds most sustainable companies. We also have set high standards for biodiversity, human rights and supply chain. With this SAF-based solution, Neste and its airline partners help organizations to reach their emission reduction targets. We have committed to reaching carbon-neutral production by 2035, and we will reduce the carbon emission intensity of sold products by 50% by 2040. Neste MY Sustainable Aviation Fuel is a today solution, commercially available and in use worldwide. It is widely available and used globally. . https://asianaviation.com/deals-abound-for-advanced-air-mobility-industry/, Indra wins deal to upgrade ATC in India We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. Our ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe by 2030. Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. The Dutch company has its head office in Breda and regional offices and storage locations all over The Netherlands. The airline industry is one of the few industries that has collectively committed to an international emissions reduction goal. We also have set high standards for biodiversity, human rights and supply chain. The agreement gives Wizz Air the opportunity to purchase 36,000 tons of Neste-produced sustainable aviation fuel (SAF) per annum over a period of three years for the airline to use across its . The firm has made a notable shift to forming a renewable aviation team and recognizing the need to commit to sustainable solutions as the aviation market grows. Sustainable future with ambitious goals destinations worldwide renewable waste and residue raw materials into sustainable aviation fuel is with! 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