Arne Padt, Communications Manager Renewable Aviation
www.neste.com
Neste, the world's leading producer of Sustainable Aviation Fuel (SAF), will modify its existing renewables production capacity in Rotterdam, the Netherlands, to enable more production of Sustainable Aviation Fuel (SAF). The investment is necessary to meet the growing demand for SAF in the aviation market.
Neste MY Sustainable Aviation Fuel™ is produced from waste and residues which, in its neat form and over the life cycle, reduces up to 80%* of greenhouse gas emissions compared to fossil jet fuel use. Currently, the Neste Rotterdam refinery produces mainly Neste MY Renewable Diesel™. The modifications to the refinery, an investment of approximately EUR 190 million, will enable Neste to optionally produce up to 500,000 tons of SAF per annum as part of the existing capacity. Neste expects the project to be completed in the second half of 2023 and 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 SAF investment in Rotterdam is another important step in the execution of Neste’s strategy to become a global leader in renewable and circular solutions. Neste made a commitment to support customers in reducing greenhouse gas emissions by at least 20 million tons by 2030. With the aviation industry projected to resume growth after its recovery from the COVID-19 pandemic, there is a growing need and urgency to act on aviation-related emissions. Sustainable Aviation Fuel offers a solution for this.
“Aviation is at a turning point towards a more sustainable future”, says Thorsten Lange, Executive Vice President Renewable Aviation at Neste. “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. 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. Using SAF results in an immediate reduction of greenhouse gas emissions and reduces non-CO2 impacts, which are a large part of the total climate effects of aviation’s emissions**. And it is already available today.”
*)Calculated with established life cycle assessment (LCA) methodologies, among which EU RED and CORSIA.
**) Updated analysis of the non-CO2 climate impacts of aviation and potential policy measures pursuant to the EU Emissions Trading System Directive Article 30(4), EASA, November 2020.
Neste RE™
