Neste Corporation, News, 15 April 2024
Neste and Air New Zealand have signed an agreement for the supply of nine million liters (around 7,200 tons or 2.4 million gallons) of neat Neste MY Sustainable Aviation Fuel™. The agreement represents the largest purchase of sustainable aviation fuel (SAF) from Neste made by any airline outside North America and Europe for delivery before the end of 2024.
The agreement follows an earlier SAF delivery to Air New Zealand in 2022. The sustainable aviation fuel will be produced at Neste’s Singapore refinery, which expanded its SAF production capability last year and is currently ramping up SAF production. The neat SAF will be blended with conventional jet fuel to meet the required fuel specifications and supplied to Los Angeles International Airport between 1 April and 30 November 2024.
“Decarbonising Air New Zealand’s operations is essential for its long-term ability to connect New Zealanders to the world, as well as support the country’s trade and tourism sectors, and SAF is a key enabler of this”, says Air New Zealand’s Chair Dame Therese Walsh.
“Sustainable aviation fuel is currently the only solution to significantly reduce emissions from long haul flight, but it currently makes up less than 1% of the global fuel supply. For aviation to reach its net zero carbon emissions goals by 2050, the SAF industry will need to scale significantly. While the SAF supply is small compared with the airline’s overall fuel use, it is nine times the size of Air New Zealand’s first shipment of SAF from Neste in 2022 and demonstrates growing cooperation between two like-minded organizations to advance the supply and use of SAF,” Walsh adds.
“Neste is fully committed to supporting the decarbonization of aviation and is working closely together with partners like Air New Zealand to accelerate SAF usage. We are proud to support Air New Zealand’s decarbonization focus and are looking forward to continuing working together with Air New Zealand and the New Zealand Government to reach their climate goals,” said Alexander Kueper, Vice President Renewable Aviation at Neste.
Sustainable Aviation Fuel
Sustainable aviation fuel is a renewable aviation fuel providing a more sustainable alternative to conventional, fossil-based jet fuel. Using Neste MY Sustainable Aviation Fuel™ reduces greenhouse gas emissions by up to 80%* over the fuel’s life cycle, compared to using conventional jet fuel. Neste’s SAF is made from sustainably sourced, 100% renewable waste and residue raw materials, such as used cooking oil and animal fat waste. SAF is blended with conventional jet fuel before use and works seamlessly with existing aircraft engines and fueling infrastructure.
*) When used in neat form (i.e. unblended) and calculated with established life cycle assessment (LCA) methodologies, such as CORSIA methodology
Further information:
Neste: Please contact Neste's media service, tel. +358 800 94025 / media@neste.com (weekdays from 8.30 a.m. to 4.00 p.m. EET). Please subscribe to Neste’s releases at https://www.neste.com/for-media/releases-and-news/subscribe.
Air New Zealand: Please contact Air New Zealand Communications, tel. +64 21 747 320/ media@airnz.co.nz
Neste in brief
Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. The company refines waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials.
As the world’s leading producer of sustainable aviation fuel and renewable diesel and a forerunner in developing renewable and circular feedstock solutions for polymers and chemicals, Neste helps its customers to reduce their greenhouse gas emissions by at least 20 million tons annually by 2030.
The company’s ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe by 2030. Neste is committed to reaching carbon-neutral production by 2035, and will reduce the carbon emission intensity of sold products by 50% by 2040. Neste has also set high standards for biodiversity, human rights and the supply chain. The company has consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2023, Neste's revenue stood at EUR 22.9 billion. Read more: neste.com
About Air New Zealand
Air New Zealand’s story started in 1940, first taking to the skies between Auckland and Sydney on a flying boat - a Short S30. Known for its warm Kiwi hospitality, today, the airline has operating aircraft ranging from Boeing 787-9 Dreamliners and Airbus A320s to ATRs and Q300s, offering customers comfort in the latest most efficient jets and turboprops. It’s a modern fuel-efficient fleet with an average age of 8.7 years. Air New Zealand’s global network of passenger and cargo services centres around New Zealand. In 2023, the airline flew more than 16 million passengers. Air New Zealand was named 2024 World's Safest Airline by the Australian rating service AirlineRatings.com, highlighting the airline’s laser-focus on safety and won Best Corporate Reputation in New Zealand in 2023 – the 9th year in a row.
Air New Zealand has a well-connected domestic business, connecting customers and cargo to 20 different regions around New Zealand. Internationally, the airline has direct flights to major cities across Australia, Asia, the Pacific Islands and the US, and through its strong relationships with alliance partners, offers customers more choice and convenience to connect further afield to hundreds of destinations. Air New Zealand has a particular focus on sustainability and its Sustainability Framework helps guide the airline’s efforts in tackling some of New Zealand's and the world's most complex challenges. Airpoints, Air New Zealand’s loyalty programme, is seen as the most valuable loyalty programme in New Zealand with more than 4 million members. It allows members to earn Airpoints Dollars™ and Status Points for VIP benefits in the air and on the ground. Air New Zealand aircraft are proudly identified by its distinct tail livery of the Mangōpare, the Māori symbol of the hammerhead shark which represents strength, tenacity, and resilience....
Attachments
- Air New Zealand Neste SAF agreement news photo - Photo courtesy of Air New Zealand
- SAF AirNZ x Neste
Read the full news release here
