Thursday 24 September 2020

Neste and Shell ink deal to boost supply of sustainable aviation fuel

Finnish biofuel producer and oil refiner Neste has signed a deal with Shell Aviation to significantly increase the supply and availability of sustainable aviation fuel (SAF).

The agreement comes into effect from October 2020 and brings together Neste's expertise in the production and supply of renewable diesel and SAF and Shell Aviation's credentials in supplying and managing fuel around the world.

Anna Mascolo, President, Shell Aviation said: “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.”

Thorsten Lange, Executive Vice President for Renewable Aviation at Neste added: “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 utilise 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."