Neste Corporation, News, 14 December 2023
Photo: Mr. Amornvivat, Senior Executive Vice President, PTT; Mr. Panyarachun, Chief Executive Officer, PTT OR; Mr. Eamsiri, Chief Executive Officer, Thai Airways; Mr. Songkamphon, Chief Corporate Strategy Officer, Thai Airways. Source: PTT
Thai Airways, the flag carrier airline of Thailand, operated its first flight using Neste MY Sustainable Aviation Fuel™ on December 13, 2023. A Thai Airways (THAI) Boeing 777 was refueled with blended sustainable aviation fuel (SAF) at Phuket Airport in Thailand for the return flight to Bangkok International Airport. The blended SAF was supplied by PTT, a Thai oil and gas company, in collaboration with Petco Trading Labuan Company Ltd, the marketing and trading arm of Petronas, a Malaysian energy group.
Sustainable aviation fuel is a key lever to reduce emissions of air travel. This first flight, resulting from a strong collaboration between the companies involved, illustrates THAI’s commitment to achieving the aviation industry’s 2050 net zero carbon emission goal. A local event at Phuket Airport also involving stakeholders such as Airports of Thailand and the Civil Aviation Authority of Thailand (CAAT), marked this milestone for THAI.
This flight demonstrates Neste’s ongoing commitment as the world’s leading producer of SAF to support the reduction of aviation-related emissions, working together with partners across the value chain to raise the awareness of SAF and to increase its availability around the world.
“We are excited that Thai Airways used our Neste MY Sustainable Aviation Fuel for its first flight with SAF. The aviation industry is committed to ambitious climate targets, and sustainable aviation fuel plays a crucial role in reaching those goals. Neste is working together with partners such as PTT and Petco Trading to increase the availability and use of SAF, and we look forward to further growing the supply of SAF in the Asia-Pacific region,” said Sami Jauhiainen, Vice President APAC from the Renewable Aviation business at Neste.
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.
*) When used in neat form (i.e. unblended) and calculated with established life cycle assessment (LCA) methodologies, such as CORSIA methodology
Further information: Please contact Neste's media service, tel. +358 800 94025 / email@example.com (weekdays from 8.30 a.m. to 4.00 p.m. EET). Please subscribe to Neste’s releases at https://www.neste.com/for-media/releases-and-news/subscribe.
Neste in brief
Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. The company refines waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials.
As the world’s leading producer of sustainable aviation fuel and renewable diesel and a forerunner in developing renewable and circular feedstock solutions for polymers and chemicals, Neste helps its customers to reduce their greenhouse gas emissions by at least 20 million tons annually by 2030.
The company’s ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe by 2030. Neste is committed to reaching carbon-neutral production by 2035, and will reduce the carbon emission intensity of sold products by 50% by 2040. Neste has also set high standards for biodiversity, human rights and the supply chain. The company has consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2022, Neste's revenue stood at EUR 25.7 billion. Read more: neste.com