(PRESS RELEASE) ESPOO, 7-Jul-2022 — /EuropaWire/ — Neste (HEL: NESTE), the world’s leading provider of renewable diesel and sustainable aviation fuel and the 4th most sustainable company in the world, has announced the appointment of World Fuel Services Corporation, a Miami, Florida based seller of liquid fuels, natural gas, electricity, renewable energy, and other sustainability solutions, as the authorized branded distributor of Neste MY Sustainable Aviation Fuel™, a next generation aviation fuel, made from 100% renewable waste and residue raw materials, like used cooking oil. World Fuel Services has delivered Neste’s sustainable aviation fuel (SAF) to Paris-Le Bourget Airport as the first location in France.
Becoming an authorized branded distributor builds on World Fuel’s long history of providing access to SAF in Europe, expanding existing supply points in the UK, Germany, and France. Supplying lower-emission fuels reflects World Fuel’s ongoing commitment to developing innovative sustainability solutions for the aviation industry.
“World Fuel is committed to the industry’s goal of reducing carbon emissions by 50%. Working together with Neste to expand the global supply chain of SAF furthers that commitment,” said Duncan Storey, vice president, supply aviation Europe, World Fuel Services. “We will continue to invest in creating innovative solutions and expanding renewable and lower-emission fuels and energy offerings.”
“As a European airport leader for business aviation, Paris-Le Bourget airport has always been a pioneer in the aviation world; through this enthusiastic initiative led by World Fuel with Neste, we stay at the forefront of innovation and decarbonization,” said Sébastien Couturier, managing director, Paris-Le Bourget Airport within Groupe ADP. “This new service will allow us to complete the biofuel offer available on our platform, putting us in a unique position in Europe. This is an excellent signal, which attests to the transition underway in business aviation.”
“SAF is a key element in achieving the aviation industry’s emission reduction goals. Neste is leading the transformation to SAF and increasing its global SAF production capacity to 1.5 million tons per annum in 2023,” said Jonathan Wood, Vice President Europe, Renewable Aviation, Neste. “Partnering with World Fuel at Paris-Le Bourget Airport underlines our commitment to business aviation and supports the French government’s ambitions for a more sustainable aviation industry.”
Since 2015, World Fuel has delivered more than 27 million gallons of SAF to business and commercial aviation customers worldwide. Becoming an authorized branded distributor of Neste’s SAF furthers the broader adoption of cleaner fuels that will help advance the industry on its path to net zero.
Neste MY Sustainable Aviation Fuel is a today solution, reducing greenhouse gas (GHG) emissions by up to 80%* over the fuel’s life cycle compared to fossil jet fuel. It is produced from 100% renewable waste and residue raw materials, such as used cooking oil and animal fat waste.
*) Calculated with established life cycle assessment (LCA) methodologies, such as CORSIA methodology.
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 2021, Neste’s revenue stood at EUR 15.1 billion. Read more: neste.com
About World Fuel Services Corporation
Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing supply fulfillment, energy procurement advisory services, and transaction and payment management solutions to commercial and industrial customers worldwide. World Fuel Services sells and delivers liquid fuels, natural gas, electricity, renewable energy, and other sustainability solutions to its clients at more than 8,000 locations in more than 200 countries and territories through its Marine, Aviation, and World Kinect Energy Services divisions. For more information, visit www.wfscorp.com or www.world-kinect.com.
tel. +358 800 94025
SOURCE: Neste Corporation