Neste Corporation, News, 15 February 2023
Photo: Boeing ecoDemonstrator. Source: Boeing
- 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.
- The total volume of Neste MY Sustainable Aviation Fuel™ supplied is approximately 1.7 million gallons (5,200 tons)
- The blended SAF will be supplied to Boeing by Neste’s partners EPIC Fuels, Signature Aviation, and Avfuel.
Boeing has agreed to purchase Neste MY Sustainable Aviation Fuel™ supplied by EPIC Fuels, Signature Aviation and Avfuel to power its U.S. commercial operations through 2023. These fuel purchases more than double Boeing's SAF procurement from last year. Neste’s SAF will be blended with conventional jet fuel at a 30/70 ratio to produce 5.6 million gallons of blended SAF.
“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. “We are proud to be a part of this collaboration along with our partners EPIC Fuels, Signature Aviation and Avfuel.”
EPIC Fuels, Signature and Avfuel will supply blended SAF for Boeing’s ecoDemonstrator program and the company’s fuel storage in Washington state and South Carolina. 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. In 2021, Boeing committed to deliver its commercial airplanes capable and certified to fly on 100% SAF by 2030.
Sustainable Aviation Fuel
SAF is a next generation aviation fuel providing a more sustainable alternative to conventional, fossil based jet fuel. It is widely recognized as a key lever to achieve aviation’s emission reduction goals. 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 certified for commercial use and can currently be blended up to 50% with traditional jet fuel without modifications to airplanes, engines or 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. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. We are the world’s leading producer of sustainable aviation fuel and renewable diesel and developing chemical recycling to combat the plastic waste challenge. 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. Our ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe by 2030. We are introducing renewable and recycled raw materials such as liquefied waste plastic as refinery raw materials. 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 also have set high standards for biodiversity, human rights and supply chain. We have 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