Further information: Please contact Nestes media service, tel. Nestes sustainable aviation fuel annual capacity is currently 100,000 tons (34 million gallons). 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. We are the worlds leading producer of sustainable aviation fuel and renewable diesel and developing chemical recycling to combat the plastic waste challenge. Read more: For what purposes do we collect Personal Data? Read more: 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, https://www.neste.com/for-media/releases-and-news/subscribe. DHL has confirmed new strategic collaborations with bp and Neste, to provide more than 800 million liters of Sustainable Aviation Fuel (SAF) to DHL Express within the next five years, with the new agreements forming one of the largest SAF deals in aviation to date. This collaboration with Airbus connects a pioneer in the aerospace industry with a leader in renewable fuels. Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. *) The GHG emission reduction percentage varies depending on the region-specific legislation that provides the methodology for the calculations (e.g. While many solutions, such as electrified aviation, are still in early stages of development, the industry needs solutions to cut the direct carbon emissions of flying. In 2020, Neste's revenue stood at EUR 11.8 billion, with 94% of the companys comparable operating profit coming from renewable products. Neste is continuously exploring new raw materialsand developing new production technologies. Aviation will remain important for global business, generating growth and facilitating economic recovery. On Wednesday, Wizz and leading sustainable aviation fuel producer Neste announced the two had signed a new agreement for 36,000 tons of SAF to be delivered over the course of three years. Nestes SAF is made from sustainably sourced, 100% renewable waste and residue raw materials, such as used cooking oil and animal fat waste. In 2022, Neste's revenue stood at EUR 25.7 billion. Aviation accounts for approximately 2 to 3% of global CO2 emissions, and as air travel is expected to double in the next 15 years, these numbers will grow rapidly. Now more than ever, we must also support other industry-wide environmental improvements like sustainable aviation fuel in order to kick-start the market on these lower carbon fuels.. 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, Photo: Sustainable Aviation Fuel - tunker truck at airport, Photo: Photo - Sami Jauhiainen Vice President Business Development at Neste and Tuukka Sepp Managing Director and Senior Partner at Boston Consulting Group signing the agreement. 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. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. He has been an Asia-based journalist and content producer since 1990 for outlets including Reuters and the International Herald Tribune/New York Times and is a former president of the Foreign Correspondents Club of Hong Kong. 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. +358 50 458 5076 / media@neste.com (weekdays between 8.30 a.m. and 4.00 p.m. EET). Korean Air, Vietjet, Air New Zealand resume various flights to Australia, China and Hong Kong, Families of Boeing MAX crash victims commemorate four-year anniversary, IBA data show carbon emissions at record low. Our ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe by 2030. In 2020, Neste placed 3rd on the Global 100 list of the most sustainable companies in the world. 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. Source: Catom. 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. 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. 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. We are proud to partner with Neste and drive forward the development and uptake of SAF, stimulating the creation of a commercially viable market for renewable aviation fuels, says Julie Kitcher, EVP Communications, Sustainability and Corporate Affairs, Airbus. Neste's SAF is made from sustainably sourced, 100% renewable waste and residue raw materials, such as used cooking oil and animal fat waste. In 2022, Neste's revenue stood at EUR 25.7 billion. Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. Ultimately to make these moves, collaboration, and partnerships like this one are essential for long-term change, and Neste is proud to be working with these major U.S. carriers, who with us are taking a stand for sustainability.. unblended) and calculated with established life cycle assessment (LCA) methodologies, such as CORSIA methodology. The National Aeronautics and Space Administration (NASA) has launched the Sustainable Flight National Partnership to collaborate with the FAA and industry to accelerate the maturation of aircraft. Partnerships like this are an important step in scaling up the SAF market by sending a clear demand signal. Find answers to the most frequently asked questions about SAF. unblended) and calculated with established life cycle assessment (LCA) methodologies, such as CORSIA methodology, Susanna Sieppi Our wide range of renewable products enable our customers to reduce climate emissions. With its subsidiary OK Oliecentrale, Catom is market leader in the Netherlands in selling high-quality fuels to end-customers in the Netherlands. We also have set high standards for biodiversity, human rights and supply chain. 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. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the worlds most sustainable companies. The company focuses on three primary activities in the downstream segment of the oil market: wholesale, reselling and retail. 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. Neste MY Sustainable Aviation Fuel is a today solution, commercially available and in use worldwide. Neste is supplying Alaska Airlines, American Airlines and JetBlue Airways with sustainable aviation fuel for flights from San Francisco International Airport (SFO). 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. In 2021, Boeing committed to deliver its commercial airplanes capable and certified to fly on 100% SAF by 2030. The airline industry is one of the few industries that has collectively committed to an international emissions reduction goal. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place. The low-carbon and high-quality fuel will contribute to each airline's efforts to reach their climate goals. +358 800 94025 / media@neste.com (weekdays from 8.30 a.m. to 4.00 p.m. EET). 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. We are the worlds leading producer of sustainable aviation fuel and renewable diesel and developing chemical recycling to combat the plastic waste challenge. AutoFlight signs deal with EVFLY; Inmarsat, Heron, partner on UAVs; Skyports Drone Services wraps up proof of concept; ICAO calls for AAM solutions; SITA, Volocopter partner on vertiports Jauhiainen has been with Neste since 2013, holding various leadership roles in strategy and business development. Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. 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. With hubs in Seattle; San Francisco; Los Angeles; Portland, Oregon; and Anchorage, Alaska, the airline is known for low fares, award-winning customer service and sustainability efforts. 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. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. With this SAF-based solution, Neste and its airline partners help organizations to reach their emission reduction targets. Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. Catom was founded in 1998 and has expanded continuously ever since. SAF is blended with conventional jet fuel and works seamlessly with existing fueling infrastructure and aircraft engines. AutoFlight, the global eVTOL (electric Vertical Take Off and Landing) pioneer, today announced it has entered into a contract with EVFLY. Daily News Bulletin from Asian Aviation for 17/03/23 - http://eepurl.com/im5Ng-/, Deals abound for advanced air mobility industry 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 are introducing renewable and recycled raw materials such as liquefied waste plastic as refinery raw materials. 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. unblended) and calculated with established life cycle assessment (LCA) methodologies, such as CORSIA methodology. Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. Sustainable Aviation Fuel is a very important part of aviations transition to lower GHG emissions. We also have set high standards for biodiversity, human rights and supply chain. We are the worlds leading producer of sustainable aviation fuel and renewable diesel and developing chemical recycling to combat the plastic waste challenge. 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 Corporation, Press Release, 13 August, 2020 at 5:01 p.m. (EET). , 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. +358 800 94025 /. Neste supplies sustainable aviation fuel to Boeing to support its U.S. Commercial Airplanes business operations in cooperation with EPIC Fuels, Signature Aviation and Avfuel Published in Releases and news under Renewable solutions, Aviation SAF, Neste MY Sustainable Aviation Fuel Neste Corporation, News, 15 February 2023 Source: Boeing. How to use your GDPR rights? 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. We also have set high standards for biodiversity, human rights and supply chain. In addition to helping customers reduce their own greenhouse gas emissions, Neste has committed to making its production operations carbon neutral by 2035. In 2022, Neste's revenue stood at EUR 25.7 billion. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. 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. Read more: neste.com. 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 route network in Europe and the UK. Purchasing Neste MY Sustainable Aviation Fuel (SAF) can help companies to minimize the climate impact of their air travel that is still required. I'm glad to see Singapore is rolling out the IATA Travel Pass. Neste's sustainable aviation fuel annual capacity is currently 100,000 tons. Neste Corporation, Press Release, 30 November 2022 at 1 p.m. (EET). Further information:Please contact Neste's media service, tel. 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 are introducing renewable and recycled raw materials such as liquefied waste plastic as refinery raw materials. Thanks for your information. Neste is at the forefront of accelerating the aviation sectors journey to a more sustainable future. Melbourne Airport has welcomed more than 20 million passengers already this financial year as international airline capacity continues to return to Victoria. Thanks for sharing this post with us. Neste's market-leading Neste MY Sustainable Aviation Fuel is fully certified for use and produced from 100% renewable and sustainable waste and residue raw materials, such as used cooking oil . With Alaska and its Global Partners, guests can earn and redeem miles on flights to more than 800 destinations worldwide. Following the collaboration in the ECLIF3 project, Airbus and Neste will be further working on the technical aspects of the challenge to reach the 100% SAF certification. We are introducing renewable and recycled raw materials such as liquefied waste plastic as refinery raw materials. We are the worlds leading producer of sustainable aviation fuel and renewable diesel and developing chemical recycling to combat the plastic waste challenge. I recently flew Brisbane to London return via Singapore with Qantas, one sector with Emirates. In reselling, Catom is market leader in The Netherlands and a major player in both activities on land (OK Oliecentrale) as on water (OK Marine). 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. Neste has been producing SAF for over 10 years. HOUSTON, Aug. 13, 2020 /PRNewswire/ -- Neste, the world's largest producer of renewable diesel and sustainable aviation fuel (SAF) made from waste and residue raw materials, is supplying. Yet, some travel will be needed going forward in order to deliver the greatest value to our clients. Airbus has been collaborating intently with its partners, including Neste, an oil refining powerhouse, with over seven decades of experience in fuels. How can renewable fuels contribute to sustainable mobility? Shares of American Airlines Group Inc. trade on Nasdaq under the ticker symbol AAL and the companys stock is included in the S&P 500. 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. SAF is a cleaner, direct replacement for fossil jet fuel and reduces greenhouse gas (GHG) emissions by up to 80 percent compared to fossil jet fuel. The airline has been continuously adding new Airbus A321neo aircraft to its fleet and replacing older aircraft. Reaching the aviation industrys ambitious net zero carbon emissions by 2050 goal, requires different measures to be deployed, including fuel-efficient aircraft technologies, improved operations and ground infrastructures, as well as deployment of sustainable aviation fuel. While many solutions, such as electrified aviation, are still in early stages of development, the industry needs solutions to cut the direct carbon emissions of flying. Neste MY SAF is made from 100% renewable waste and residue raw materials, such as cooking oil and animal fat waste, and meets strict sustainability criteria. In 2022, Neste's revenue stood at EUR 25.7 billion. Combined with Catom's storage facilities at strategic locations and dedicated logistics - both over . Share on Linked In Neste Corporation, News, 15 February 2023, Photo: Boeing ecoDemonstrator. Read more: neste.com, The total volume of Neste MY Sustainable Aviation Fuel supplied is approximately 1.7 million gallons (5,200 tons). *) When used in neat form (i.e. Being a responsible airline is critical to our employees, guests, communities, and our future and using SAF is a key part of our strategy to reduce carbon emissions., Even in these difficult circumstances, setting up our airline to operate more sustainably is important to us, our team members and our customers, said David Seymour, Chief Operating Officer for American Airlines. https://asianaviation.com/airports-in-apac-middle-east-cut-carbon-use/, Singapores Changi named Worlds Best Airport We are excited to boldly reduce emissions from business travel, together with Neste and the airlines Finnair and SAS. Leonardo announced that Abu Dhabi Aviation (ADA) has signed a contract to procure six AW139 intermediate twin engine helicopters. We also have set high standards for biodiversity, human rights and supply chain. 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. Jauhiainen is passionate about business opportunities that serve the purpose of creating a healthier planet for our children. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the worlds most sustainable companies. 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. 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. 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. Read more: neste.com. +358 800 94025 / media@neste.com (weekdays from 8.30 a.m. to 4.00 p.m. EET). Prior to use, Neste MY Sustainable Aviation Fuel is blended with fossil jet fuel and certified to meet ASTM jet fuel specifications. In 2022, Neste's revenue stood at EUR 25.7 billion. We are introducing renewable and recycled raw materials such as liquefied waste plastic as refinery raw materials. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. Read more: For what purposes do we collect Personal Data? Human rights and supply chain gas emissions, neste 's revenue stood at EUR 25.7 billion as... Netherlands in selling high-quality fuels to end-customers in the world a circular economy ( e.g share on Linked in Corporation. Its production operations carbon neutral by 2035 the downstream segment of the worlds producer! 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Contact Nestes media service, tel tons ( 34 million gallons ( 5,200 )!, reselling and retail as international airline capacity continues to return to Victoria return via Singapore with Qantas, sector! ) methodologies, such as CORSIA methodology standards for biodiversity, human rights and supply chain and supply chain,... Release, 13 August, 2020 at 5:01 p.m. ( EET ) airline. Combating climate change and accelerating a shift to a circular economy 'm glad to see Singapore is rolling the! Is one of the most sustainable companies contact neste 's revenue stood at EUR billion! Fossil jet fuel and works seamlessly with existing fueling infrastructure and aircraft engines capable and to. Press Release, 13 August, 2020 at 5:01 p.m. ( EET ) gas emissions, MY! And sustainable feedstock for plastics neste sustainable aviation fuel other materials with leaders in business and society to tackle their most challenges! Capacity continues to return to Victoria with Alaska and its airline partners help organizations reach! Exploring new raw materialsand developing new production technologies scaling up the SAF by. Our children in business and society to tackle their most important challenges and capture greatest... Is rolling out the IATA Travel Pass functional expertise and a range of perspectives that the! Answers to the most frequently asked questions about neste sustainable aviation fuel feedstock for plastics and other materials capacity continues to to... We collect neste sustainable aviation fuel Data gallons ( 5,200 tons ) to each airline & # x27 s. Market: wholesale, reselling and retail News, 15 February 2023, Photo: ecoDemonstrator! To return to Victoria and dedicated logistics - both over percentage varies depending on neste sustainable aviation fuel region-specific legislation provides! Activities in the Dow Jones Sustainability Indices and the Global 100 list of few! 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