SAF Agreement Neste to Supply Sustainable Aviation Fuel to Major Airline

Related Vendors

EDL Anlagenbau Gesellschaft mbH

Maag Pump Systems AG

Italvacuum, Srl

Neste Oyj.

Under an agreement signed between both the parties, Neste will supply more than 1,000,000 tons of sustainable aviation fuel to the Air France-KLM airline over a period of eight years. Claimed to be one of the largest SAF agreements of its kind in the aviation industry, the sustainable fuel is expected to reduce greenhouse gas emissions by up to 80 % as compared to the traditional fossil jet fuel.

Espoo/Finland – The Air France-KLM Group (AF-KLM) and Neste have announced the expansion of their existing cooperation with a new strategic partnership for the supply of Neste My Sustainable Aviation Fuel to the Group. This new SAF agreement for a period of 8 years is one of the largest of its kind in the aviation industry to date.

Fully committed to reducing its environmental impact, the Air France-KLM Group aims to reduce its CO2 emissions per passenger/km by 30 % by 2030 compared to 2019 – a target which has been submitted to the Science Based Targets initiative. Its decarbonization trajectory includes the incorporation of 10 % SAF by 2030, alongside fleet renewal and eco-piloting. The contract with Neste, part of a first set of long-term supply agreements, constitutes a further step for the Group to achieve its 10 % SAF incorporation targets.

“Neste is fully committed to helping the aviation industry achieve its 2050 net-zero carbon emissions target, and sustainable aviation fuel will play a central role in that effort. Today’s announcement, which marks a significant next step forward in our cooperation with Air France-KLM Group, underscores how we continue to support companies to reduce their greenhouse gas emissions. Neste aims to help customers cut emissions by at least 20 million tons of CO2e annually by 2030 with our renewable and circular solutions,” says Matti Lehmus, President and CEO of Neste.

"This landmark partnership with Neste is an important and concrete step towards the decarbonization of our operations. This contract embodies our long-term commitment to the development of SAF's production capabilities around the world, to the benefit of the industry as a whole," said Fatima Gloria de Soussa, Director Sustainability, Air France-KLM Group.

The agreement builds on SAF supply to the Air France-KLM Group which started in 2019 but the two companies have been working together for several years with KLM being one of the first airlines using Neste My Sustainable Aviation Fuel.

“As the world’s leading producer of SAF, we are helping the aviation industry to work towards a more sustainable future, already today. This long-term collaboration with Air France-KLM shows how we are working together in a number of areas. By the end of next year, Neste will have an annual SAF production capacity of 1.5 million tons, ready to support the Air France-KLM Group and other airlines in Europe and across the globe,” says Thorsten Lange, Executive Vice President, Renewable Aviation at Neste.

Neste’s Sustainable Aviation Fuel is an available solution today. As a drop-in fuel it can be used with existing aircraft engines and airport fuel infrastructure, requiring no new investment. It is produced from 100 % sustainably-sourced, renewable waste and residue raw materials, such as used cooking oil and animal fat waste.

(ID:48709932)