May 27, 2024 [Market Screener]- Neste has further expanded its capability to supply sustainable aviation fuel to customers in Europe in cooperation with VTTI, a global leader in energy storage and developer of energy infrastructure. Neste commissioned terminal capacity at VTTI’s ETT terminal in Rotterdam, the Netherlands, for the storage and blending of Neste MY Sustainable Aviation Fuel.
This is a significant step in expanding the availability of Neste’s sustainable aviation fuel (SAF) to customers across Europe. It is part of Neste’s ongoing expansion of global SAF production and supply capabilities, with SAF production at Neste’s renewables refinery in Singapore ramping-up and the modification of its Rotterdam renewables refinery to enable SAF production nearing completion.
The terminal is located in one of the biggest fuel logistics hubs in Europe with access to the broader European fuel infrastructure, such as the Central European Pipeline System (CEPS), which will enable a more sustainable and efficient fuel supply to customers and airports across Europe.
“Neste is fully committed to supporting the aviation industry in reducing greenhouse gas emissions, and sustainable aviation fuel is a key lever to achieve this. This expansion of our supply capabilities enables our customers to accelerate SAF usage at European airports and lays a strong foundation for fulfilling the requirements of the ReFuelEU Aviation Regulation, mandating the supply of a minimum share of SAF to European airports from 2025 onwards. It also shows how we are working together with partners like VTTI to repurpose existing fuel distribution infrastructure for more sustainable alternatives like SAF,” says Alexander Kueper, Vice President, Renewable Aviation Business at Neste.
“It is great to see the demand for more sustainable fuels rising. We’re delighted to play a role in Neste’s value chain so that they can reach even more of their customers across Europe. By 2028, our aim is to have half of our business in transitional and sustainable energies, and by having partners like Neste, who are also committed to the energy transition, it puts us one step closer to a more sustainable future,” says Jaap Koomen, Senior Vice President, VTTI Netherlands Terminals.
Sustainable aviation fuel
Sustainable aviation fuel is a renewable aviation fuel providing a more sustainable alternative to conventional, fossil-based jet fuel. Using Neste MY Sustainable Aviation Fuel reduces greenhouse gas emissions by up to 80%* over the fuel’s life cycle, compared to using conventional jet fuel. Neste’s SAF is made from sustainably sourced, 100% renewable waste and residue raw materials, such as used cooking oil and animal fat waste. SAF is blended with conventional jet fuel before use and works seamlessly with existing aircraft engines and fueling infrastructure
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