5 Oktober 2020

Neste and Shell sign an agreement to increase the supply of sustainable aviation fuel

Cooperation brings together Neste’s expertise in the production and supply of renewable diesel and SAF with Shell Aviation’s world-class credentials in supplying and managing fuel around the world

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Photo: Neste and Shell

In a move which anticipates increasing desire from airlines to reduce emissions, Neste and Shell Aviation have entered into a sustainable aviation fuel (SAF) supply agreement. 

This agreement significantly increases the supply and availability of SAF for the aviation industry with effect from October 2020. It brings together Neste’s expertise in the production and supply of renewable diesel and SAF with Shell Aviation’s world-class credentials in supplying and managing fuel around the world.

“To tackle climate change and reach net zero emissions, the aviation industry must act fast. Shell Aviation aims to reduce the carbon intensity of the fuels we sell which includes selling more lower-carbon fuels like sustainable aviation fuel, over time. Today’s agreement with Neste will help Shell Aviation customers to lower their emissions and demonstrates the kind of progress we can deliver by working in collaboration with others,” said Anna Mascolo, President, Shell Aviation.

“The aviation industry is essential for global business, generating growth and facilitating economic recovery. It also enables people to travel and goods to be transported rapidly across the globe. But if we are to address aviation-related emissions, we need to utilize all the available solutions. SAF offers the only viable alternative to fossil liquid fuels for powering commercial aircraft with an immediate potential to reduce aviation’s greenhouse gas emissions. We are fully committed to supporting the aviation industry, its customers and corporates with their emission reduction targets,” says Thorsten Lange, Executive Vice President for Renewable Aviation at Neste.

 

About Neste

Neste (NESTE, Nasdaq Helsinki) creates sustainable solutions for transport, business, and consumer needs. Our wide range of renewable products enable our customers to reduce climate emissions. We are the world’s largest producer of renewable diesel refined from waste and residues, introducing renewable solutions also to the aviation and plastics industries. We are also a technologically advanced refiner of high-quality oil products. We want to be a reliable partner with widely valued expertise, research, and sustainable operations. In 2019, Neste’s revenue stood at EUR 15.8 billion. In 2020, Neste placed 3rd on the Global 100 list of the most sustainable companies in the world.

About Shell Aviation

With one of the most extensive refuelling networks in the world Shell Aviation supplies fuel, lubricants, and sustainable solutions in more than 60 countries. Customers range from the world’s largest airlines to private pilots.

In April 2020 Shell updated investors on its ambition to become a net-zero emissions energy business by 2050 or sooner. We will do this in step with society. Shell aims to reduce the Net Carbon Footprint of the energy products we sell to our customers by around 65% by 2050 and by around 30% by 2035. Shell Aviation is aligned with this ambition.

Shell Aviation’s carbon management strategy aims to help our customers decarbonise by avoiding emissions on the ground, reducing emissions principally through the use of Sustainable Aviation Fuel, and offsetting emissions through the use of carbon credits, specifically nature-based solutions. Shell Aviation plays many different roles in this strategy; a fuel supplier (renewable and conventional), a technology partner, and proponent of energy solutions for airports.

We actively collaborate across the industry to deliver more sustainable solutions for aviation. Examples include our work with World Energy, SkyNRG, Amazon Air, at San Francisco Airport and Stuttgart Airport. Shell Aviation is proud to be a member of “The Clean Skies for Tomorrow Coalition” and the UK government’s Jet Zero Council.

Source: Neste, Shell plc, joint press release, 2020-09-23.

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