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English 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. Do we share personal data about you with others? The SAF was provided by Neste, the world's leading provider of sustainable aviation fuel. Technology, products and future raw materials, Digitalization in Feedstock and Sustainability, Sustainability and Feestock Digitalization, Student cooperation and thesis opportunities, Removing invasive plants at Buffalo Bayou Park, 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, Reducing climate emissions in the palm oil sector, Our response to recent 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, Making counterproposals to the proposed resolutions and presenting questions in advance, Financial Statements and other AGM documents, President and CEO and Executive Committee, Internal control over financial reporting, Insiders subject to Declaration Requirement. Over 300,000 flights have taken to the skies using SAF since 2016. In 2020, Neste's revenue stood at EUR 11.8 billion, with 94% of the company’s comparable operating profit coming from renewable products. Partnerships like this are an important step in scaling up the SAF market by sending a clear demand signal. Neste has developed a drop-in solution that is readily available and. Next generation ways of working have opened up tremendous opportunities to accomplish this virtually. Established as a supply and logistics company more than 45 years ago, Avfuel is core competent in every aspect that surrounds the delivery of fuel—from refinery to wingtip. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. Technology, products and future raw materials, Digitalization in Feedstock and Sustainability, Sustainability and Feestock Digitalization, Student cooperation and thesis opportunities, Removing invasive plants at Buffalo Bayou Park, 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, Reducing climate emissions in the palm oil sector, Our response to recent 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, Making counterproposals to the proposed resolutions and presenting questions in advance, Financial Statements and other AGM documents, President and CEO and Executive Committee, Internal control over financial reporting, Insiders subject to Declaration Requirement. As companies adopt new meeting and engagement approaches taking the lessons learned during the global pandemic, some corporate travel for in-person meetings is likely to remain. However, sustainable aviation fuel when coupled with petroleum-based fuel becomes completely fungible drop-in fuels. Neste has developed a drop-in solution that is readily available and already in commercial use. An aviation biofuel or bio-jet-fuel or bio-aviation fuel (BAF) is a biofuel used to power aircraft and is said to be a sustainable aviation fuel (SAF). Found insideThe book concludes by assessing the development of further biorefineries with ionic liquids. The book is an important reference for researchers and practising chemists, bringing readers up-to-date with current research in this field. Photo: Getty Images What is Sustainable Aviation Fuel? Global Sustainable Aviation Fuel Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027. In its neat form and over the life cycle, its use can reduce up to 80% of greenhouse gas emissions compared to fossil jet fuel use**. In its neat form and over the life cycle, its use can reduce up to 80% of greenhouse gas emissions compared to fossil jet fuel use**. Technology, products and future raw materials, Digitalization in Feedstock and Sustainability, Sustainability and Feestock Digitalization, Student cooperation and thesis opportunities, Removing invasive plants at Buffalo Bayou Park, 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, Reducing climate emissions in the palm oil sector, Our response to recent 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, Making counterproposals to the proposed resolutions and presenting questions in advance, Financial Statements and other AGM documents, 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 Seppä Managing Director and Senior Partner at Boston Consulting Group signing the agreement. 4.3.6.3 Choice of Options 1 The fuel gives an immediate solution for reducing the direct carbon emissions of flying. Neste MY Sustainable Aviation Fuel™, in neat form and over the life cycle reduces GHG emissions up to 80%* compared to fossil jet fuel. Read more: neste.com Seven technical pathways exist. Neste and our partner Texmark have recently received EPA An aircraft, operated with sustainable aviation fuel (SAF), is refueled at Frankfurt airport, Germany, November 27, 2020. Neste is committed to helping the aviation industry with its emission reduction targets. Tuukka Seppä, Managing Partner of BCG Nordics: “The core value proposition of BCG is to connect our clients with the best global expertise and talent, whatever the business issue at hand might be. Welcome to take off with flights powered by Neste MY Renewable Jet . In its neat form and over the life cycle, its use can reduce up to 80% of greenhouse gas emissions compared to fossil jet fuel use**. We work together with our partners to develop innovative business models and funding concepts to enable wider use of renewable aviation fuel use, while regulatory frameworks to accelerate growth in sustainable aviation fuels are being defined. A pioneering collaboration combines Sustainable Aviation Fuel (SAF) production and distribution, establishing a permanent supply for private aviation operators at San Francisco and London-Luton. Additionally, as communicated before, Neste aims at creating readiness for a final investment decision by the Board of Directors for a new world-scale renewable products refinery project in Rotterdam towards the end of 2021 or early 2022. This extends Neste’s growing footprint in the Netherlands and demonstrates the shared sustainability ambitions of Neste, the Dutch government, and the Port of Rotterdam in particular. Neste Corporation, Press Release, 13 August, 2020 at 5:01 p.m. (EET) Neste, the world's largest producer of renewable diesel and sustainable aviation fuel (SAF) produced from waste and residue raw materials, is supplying Alaska Airlines, American Airlines and JetBlue Airways with sustainable aviation fuel for flights from San Francisco International Airport (SFO). Neste is actively working with partners through the supply chain to grow the availability of SAF for the aviation industry globally. Heathrow's endeavour is a first for the aviation industry. With the investment projects into expanding production capacity at Neste’s Singapore and Rotterdam refineries, Neste will have the capacity to produce some 1.5 million tons (515 million gallons) of SAF annually by the end of 2023. “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. Sustainable Aviation Fuel Coming Along: Neste's Baines . Prior to use, Neste MY Sustainable Aviation Fuel is blended with fossil jet fuel and certified to meet ASTM jet fuel specifications. By replacing a part of the fossil jet fuel with SAF on its flights departing from Helsinki Airport, Finnair will reduce its greenhouse gas emissions by 900 tons of CO 2 equivalent. This book shares an insight into the recent developments taking place in this industry, exploring transformation processes as well as biomass and algae conversions. Neste MY Sustainable Aviation Fuel. Neste, the world's leading provider of renewable diesel and sustainable aviation fuel, has acquired a minority stake in Aircraft Fuel Supply B.V. (AFS). Neste MY Sustainable Aviation Fuel is made from sustainably sourced, renewable waste and residue raw materials. All aspects of jet fuel production, certification, blending, handling, and distribution are managed by experienced Neste team along with our respected partners. Susanna Sieppi Why do we collect personal data about you and what do we do with it? This agreement significantly increases the supply and availability of SAF for the aviation industry with effect from October 2020. Chevron U.S.A. Inc., a subsidiary of U.S.-based global energy major Chevron Corporation, and Gevo, Inc. have signed a letter of intent to jointly invest in building and operating one or more new facilities that would process inedible corn to produce sustainable aviation fuel (SAF). Neste’s current MY Sustainable Aviation Fuel production capacity is 100,000 tons (approximately 34 million gallons) annually. Neste Corporation, Press Release, 13 August, 2020 at 5:01 p.m. (EET) Neste, the world's largest producer of renewable diesel and sustainable aviation fuel (SAF) produced from waste and residue raw materials, is supplying Alaska Airlines, American Airlines and JetBlue Airways with sustainable aviation fuel for flights from San Francisco International Airport (SFO). Solving it is possible, but it will require determination and more ambitious targets. BCG has committed to achieving net-zero climate impact by 2030, and supports efforts to scale up the adoption of sustainable aviation fuels to decarbonize air travel as part of its broader strategy to reduce emissions resulting from business travel. We are the world’s leading producer of renewable diesel and sustainable aviation fuel, developing chemical recycling to combat the plastic waste challenge. Found inside – Page iRenewable Fuel Standard evaluates the economic and environmental consequences of increasing biofuels production as a result of Renewable Fuels Standard, as amended by EISA (RFS2). Neste MY Sustainable Aviation Fuel™ reduces GHG emissions up to 80% compared to fossil fuels. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. Neste’s SAF-based solution is sold to organizations directly and delivered to their most frequently used airlines. Sustainable aviation fuels are a vital component satisfying the aviation sector's commitment to lowering carbon emissions from traffic growth. "Sustainable aviation fuel is driving one of the biggest transformations in the business aviation industry that we've seen in a long time," says Chris Cooper, Vice President of Renewable Aviation for Neste in North America. About Neste Products Sustainability Investors For media Neste About Neste Products Sustainability . The book rounds out by describing properties, specifications, and quality of various biofuel products and new advances and trends towards future technology. Neste MY Sustainable Aviation Fuel, in its neat form and over the life cycle, reduces lifecycle greenhouse gas emissions by up to 80% compared to fossil jet fuel use (calculated with established life cycle assessment LCA methodologies, among which EU RED and CORSIA). Do we share personal data about you with others? The commercialization of SAF is in its beginning, and all initiatives that potentially can accelerate the development are positive. We have for example, partnered with Air BP to deliver sustainable aviation fuel to customers in Sweden and France. “This SAF investment in Rotterdam is another important step for Neste in the execution of our growth strategy: to become a global leader in renewable and circular solutions. This is why we need solutions which enable growth and reduce emissions at the same time. Swiss International Air Lines (SWISS) and Neste, one of the world's leading sustainable aviation fuel (SAF) providers have joined hands to establish the first-ever end-to-end logistics chain for . It has been a year since San Francisco International Airport (SFO), one of the world's busiest airports, received its first gallons of sustainable aviation fuel (SAF) from Neste. Neste in brief We have made a commitment to support our customers to reduce greenhouse gas emissions by at least up to 20 million tons by 2030. Sustainable aviation fuels (advanced biofuels and electro-fuels) have the potential to significantly reduce aircraft emissions. ”We are excited to see the commitment of corporate travelers to join the common cause of making air travel more sustainable. Why do we collect personal data about you and what do we do with it? And it is already available today.”. Kinder Morgan is a trusted partner for Neste, with a strong history of collaboration between the two companies. Found inside – Page iThis book highlights the latest research in the field of Sustainable Aviation. In recent decades, there have been considerable improvements in aircraft efficiency and noise reduction. +358 50 458 5076 / [email protected] (weekdays from 8.30 a.m. to 4.00 p.m. EET). For example, the volume of sustainable aviation fuel that Neste expects to provide to SFO will deliver roughly the same greenhouse gas emissions reductions as taking 1,200 flights between SFO and NYC on an A320 or 737 out of service. Do we transfer personal data outside the European Union and European Economic Area? SAF is an important lever to reduce the climate impact of flying, and the use of Neste MY Sustainable Aviation Fuel offers up to 80%* reduction in life cycle greenhouse gas emissions (GHG) compared to conventional fossil jet fuel. What personal data do we collect about you? The book focuses on fuel, providing background in technical and policy terms, from the broadest reliable sources of information available, for the necessary discourse on society's reaction to the evolving aviation emissions profile. However, this potential is largely untapped as such fuels represent only 0.05% of total jet fuel consumption.This initiative aims to boost the supply and demand for sustainable aviation fuels in the EU. Biofuels made from algae are gaining attention as a domestic source of renewable fuel. Neste and Boston Consulting Group (BCG) have signed a new agreement for the purchase of Neste MY Sustainable Aviation Fuel™, 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. Copy page URL. The low carbon, renewable jet fuel supplied to the two Texas airports came from a local refinery in Galena Park, Texas, where Neste is working with a Houston-based partner to safely complete the final steps of the sustainable aviation fuel processing operations. Neste's SAF is made from sustainably sourced, renewable waste and residue materials. About Neste Products Sustainability Investors For media Neste About Neste Products Sustainability . Found inside – Page 83Neste, the world's largest producer of renewable diesel and sustainable aviation fuel, was one of the first companies to introduce renewable diesel into Oregon after the state adopted its Clean Fuels Program. Neste MY Renewable Diesel ... Yet, some travel will be needed going forward in order to deliver the greatest value to our clients. Suppliers, service providers and other stakeholders. Neste Corporation, Press Release, 17 June 2021 at 1.00 p.m. (EET) Photo: Sami Jauhiainen, Vice President, Business Development at Neste and Tuukka Seppä, Managing Director and Senior Partner at Boston Consulting Group signing the agreement Neste and Boston Consulting Group (BCG) have signed a new agreement for the purchase of Neste MY Sustainable Aviation Fuel™, to be delivered to airlines . The International Air Transport Association (IATA) considers it to be one of the key elements to reduce the carbon footprint within the environmental impact of aviation. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact. “This extension of our SAF production capacity will support the aviation industry’s efforts to reduce its greenhouse gas emissions and the climate impact in the coming years. Neste, Signature Flight support, and NetJets to accelerate adoption of Sustainable Aviation Fuel within business aviation. Neste MY Sustainable Aviation Fuel annual production capacity is currently 100,000 tons (approximately 34 million gallons). Working with their partner Kuehne+Nagel, IAG Cargo sourced 1.2 million litres of Neste MY Sustainable Aviation Fuel™ from Neste. "Neste commends Reps. Schneider (D-IL), Kildee (D-MI) and Brownley (D-CA) for showing leadership through the introduction of their sustainable aviation fuel (SAF) blenders tax credit legislation, a practical solution that can be immediately deployed, accelerate the production and use of SAF, and help ensure that Americans can keep flying both . "Changing aviation more sustainable is a huge task. Solution to reach emission reduction targets Found insideThis book will be of particular interest to scholars and practitioners of aviation law, competition law and environmental law, as well as in the areas of transnational law, global governance and international relations. 10 things you need to know about sustainable aviation fuel Aviation Boston Consulting Group - a first-mover in sustainable business travel . Please contact Neste’s media service, tel. "It's as impactful as the first Boeing 747 flight 40 years ago, which ushered in a new era of affordable air travel. Vice President, Communications The SAF was provided by Neste, the world's leading provider of sustainable aviation fuel. 2 november 2020 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. Neste has now set its sights on the challenge of decarbonizing aviation. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. The UK airport, Heathrow, is working with Vitol Aviation and Neste to implement the use of Sustainable Aviation Fuel (SAF) in its aircraft. *) The method used to calculate life cycle emissions and emission reduction complies with the EU Renewable Energy Directive (2009/28/EC). We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. Do we share personal data about you with others? Together with the company’s ongoing Singapore refinery expansion, Neste will have the capacity to produce 1.5 million tons of sustainable aviation fuel annually by the end of 2023. This agreement significantly increases the supply and availability of SAF for the aviation industry with effect from October 2020. We are pleased that we will be ready to meet the growing demand of SAF, also driven by the European Union’s climate ambitions which will shortly be translated into a proposal for binding legislation across Europe, not least because of the Netherlands’ leading role in this matter. Neste Corporation, Press Release, 12 January 2021 at 4:10 p.m. (EET) Neste and Avfuel Corporation announce a strategic partnership to create an efficient, continuous supply of sustainable aviation fuel (SAF) in the United States. We are really pleased to partner up with a leading international consultancy firm like BCG to make this happen.” Do we transfer personal data outside the European Union and European Economic Area? Neste will provide Avfuel with SAF in volumes able to meet the growing demands of Avfuel's customers, including fixed base operators (FBOs), airports, flight. --Neste, the world's largest producer of renewable diesel and sustainable aviation fuel made from waste and residue raw materials, is supplying Alaska Airlines, American Airlines and JetBlue . Today, more than 1 million gallons of SAF have entered into the airport. Neste MY Sustainable Aviation Fuel™ is made from sustainably sourced, renewable waste and residue raw materials. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. Neste, Gevo, and Northwest Advanced Bio-Fuels . As part of the Comparative Perspectives on Transportation Security series, this book provides a multidisciplinary analysis of the security challenges confronting air transportation. Kinder Morgan is a trusted partner for Neste, with a strong history of collaboration between the two companies. Neste's sustainable aviation fuel meets all the strict safety standards and guidelines for commercial aviation use. Sustainable Aviation Fuels (SAF) have been identified as one of the key elements in helping achieve these goals. Chevron U.S.A. Inc., a subsidiary of U.S.-based global energy major Chevron Corporation, and Gevo, Inc. have signed a letter of intent to jointly invest in building and operating one or more new facilities that would process inedible corn to produce sustainable aviation fuel (SAF). Found insideThe study assesses to what extent the production and use of advanced sustainable jet fuel may contribute to GHG reduction and mitigation, and identifies the commercial potential for initiating and scaling up advanced sustainable jet fuel ... This book focuses on the conversion of biomass to biofuels, bioenergy and fine chemicals with the interface of biotechnology, microbiology, chemistry and materials science. It's produced from sustainable feedstocks and is very similar in its chemistry to traditional fossil jet fuel. Neste has been at the vanguard of sustainable aviation fuel production for nearly a decade, and the company will have the capacity to produce some 1.5 million tonnes (515 million gallons) of SAF annually by 2023. Neste MY Sustainable Aviation Fuel is made from sustainably sourced, renewable waste and residue raw materials. Product availability is no longer a constraint for growing use of sustainable aviation fuels, considering investments being made by Neste and others. BofA's Subramanian Sees Risks While Boosting 2021 S&P Target. The fuel provides an immediate solution for reducing the direct carbon emissions of flying. Global External Communications Director Using SAF results in a reduction in carbon emissions compared to the traditional jet fuel it replaces over the lifecycle of the fuel. Neste will initially use 30 converted tanks as its primary U.S. hub to store feedstocks used to produce renewable diesel, sustainable aviation fuel and renewable plastics. In the United States, Neste has established a continuous supply of sustainable aviation fuel to San Francisco International Airport (SFO) via pipeline, where it will be used by major airlines committed to reducing carbon emissions. Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. Dec.26 -- In this week's "Commodity-In-Chief" on "Bloomberg Commodities Edge", Alix Steel talks with Jeremy Baines, president of the renewable fuel producer . What personal data do we collect about you? Neste in brief Purchasing Neste MY Sustainable Aviation Fuel (SAF) can help companies to minimize the climate impact of their air travel that is still required. Sustainable aviation fuel offers an immediate solution for reducing the direct greenhouse gas emissions of flying. . In early April 2021, Neste already made Neste MY Sustainable Aviation Fuel available to Finnair at Helsinki Airport to reduce emissions resulting from Neste’s own business air travel. Neste MY Sustainable Aviation Fuel is made from sustainably sourced, renewable waste and residue raw materials. BCG was the pioneer in business strategy when it was founded in 1963. Further information: Thorsten Lange, Executive Vice President Renewable Aviation and Matti Lehmus, Executive Vice President Renewables Platform. "'Published by the Sustainable Agriculture Research and Education (SARE) program, with funding from the National Institute of Food and Agriculture, U.S. Department of Agriculture." Neste has recently made 300 tons of Neste MY Sustainable Aviation Fuel™ available at Helsinki Airport in Finland for Finnair's use. Neste Corporation, Press Release, 23 September 2020, at 11 a.m. (EET) 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. Brian Bannister Found inside – Page iIn closing, the book provides a market outlook for biokerosene. Addressing a broad range of aspects related to the pros and cons of biokerosene as a renewable fuel for aviation, the book offers a unique resource. Air travel brings great social and economic benefits, and for those to continue, we need to together solve the climate challenge of flying,” says Anne Larilahti, Vice President, Sustainability, Finnair. ANA is making the switch to sustainable fuel. Neste MY Sustainable Aviation Fuel can be used as a drop-in fuel as it is compatible with existing aircraft engines and airport infrastructure, requiring no extra investment into these. “Aviation will remain important for global business, generating growth and facilitating economic recovery. In addition, Lufthansa and KLM use our sustainable product, blended with fossil jet fuel, continuously on flights departing from Frankfurt and Schiphol Airport. Sustainable Aviation Fuel, or SAF, is in the news these days; Bill Gates recently wrote that he has been filling his private jet with it since 2020. By Stephanie Kelly NEW YORK (Reuters) - Renewable fuels company Neste and terminal operator NuStar Energy have expanded a California project to increase their distribution of low-carbon aviation fuel, the companies said Tuesday. Kinder Morgan is a trusted partner for Neste, with a strong history of collaboration between the two companies. Read More. The DHL Group is a pioneer of green logistics, utilizing its expertise to make the logistics of its customers greener and more sustainable. Susanna Sieppi 03:51. Oil Spill Environmental Forensics provides a complete view of the various forensic techniques used to identify the source of an oil spill into the environment. Neste MY Sustainable Aviation Fuel™, in neat form and over the life cycle, reduces greenhouse gas emissions up to 80%* compared to fossil jet fuel. And as the aviation industry is likely to resume on a growth trajectory after its recovery from the COVID-19 pandemic, there is a growing need and urgency to act on aviation-related emissions. Generation ways of working have opened up tremendous opportunities to sustainable aviation fuel neste this virtually a component... To San and emission reduction complies with the EU renewable Energy and biofuels explore the diverse aspects renewable... Its share of SAFs will require determination and more ambitious targets out by describing,... Towards their solutions document presents the BEFS Analytical Framework ( AF ) developed to test this.... Business, generating growth and facilitating Economic recovery at Frankfurt Airport, Germany, November 27,.! And innovative raw materials to Helsinki Airport and Neste cooperate in helping Finnair to increase share... And Neste MY sustainable aviation Fuel™ from Neste the potential to significantly reduce greenhouse emissions. 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