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World Fuel and Neste sign agreement for SAF

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Picture of Meenal Datar

Meenal Datar

Membership specialist
Neste team members

Energy, commodities and services company, World Fuel Services (World Fuel) and Neste have announced they have signed agreement for sustainable aviation fuel (SAF), further strengthening the relationship between these two global companies.

The new supply agreement extends the already strong collaboration on SAF, which brings together Neste’s well-established production capabilities with World Fuel’s global distribution network and large customer base. With greater committed volumes of SAF from Neste under the new agreement, World Fuel has increased the number of European airports they can supply with SAF from 13 to over 40. This collaboration also paves the way for expanding the accessibility of SAF at more than 100 airport locations presently in World Fuel’s European network.

Alexander Kueper, vice president EMEA, from the Renewable Aviation business unit at Neste says: ‘Neste is fully committed to supporting the aviation industry to achieve its net zero carbon emissions goal…We are excited to expand our collaboration with World Fuel as we increase our annual SAF production capability to 1.5 million tons per annum (1.36 mtpa) by the end of 2023.’

‘We are excited to have created a framework that enables us to more reliably provide our customers across Europe with SAF in a timely and expedient manner. We are confident this agreement and deeper collaboration with Neste will serve to accelerate our ability to support customers in their decarbonisation ambitions across the globe. This initiative is another example of the many actions we have taken to bring renewable fuels and sustainable practices to a wider audience,’ adds Duncan Storey, vice president, supply aviation Europe, World Fuel Services.

 

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