Neste Corporation, News, 21 April 2023
Photo: courtesy of Air Canada
Neste and Air Canada are expanding their collaboration with an additional supply of 2.5 million gallons (9.5 million liters or 7,500 tons) of Neste MY Sustainable Aviation Fuel™. The sustainable aviation fuel (SAF) supplied to Air Canada will be blended with conventional jet fuel and used to power the airline’s flights from the San Francisco International Airport.
Air Canada has committed to the ambitious goal of net-zero emissions from all its global operations by 2050. It has set mid-term targets for reducing net greenhouse gas (GHG) emissions by 2030 from both its air and ground operations compared to its 2019 baseline.
“At Air Canada, we have adopted a multifaceted approach to addressing climate change and sustainability. Environmental and social factors are incorporated into our strategic decisions, as are our fleet purchases and daily operations through our support of low-carbon alternatives. SAF comprises one of our core pillars in pursuing our net-zero emission targets. We have been purchasing Neste’s SAF since February 2022. Today’s announced purchase represents a five-fold increase in our SAF procurement year over year and is an important step towards our target of one per cent fuel to be SAF by 2025, supporting our journey towards our 2050 net zero decarbonization goals,” said Michael Rousseau, President and CEO at Air Canada.
“Decarbonising aviation is more important than ever. Canada’s passage of a clean fuel standard last year demonstrates the strong commitment to achieve net zero by 2050. Neste is committed to helping the aviation industry move towards a more sustainable future, and we are proud to support Air Canada in working towards their ambitious goal of net-zero emissions from all its global operations by 2050 by supplying Neste’s SAF, which enables airlines to reduce its emissions. We look forward to continuing to work together as we increase our annual SAF production capability to 1.5 million tons per annum by the end of 2023,” said Michael Sargeant, Vice President Americas from the Renewable Aviation business unit at Neste.
Neste is the world’s leading producer of sustainable aviation fuel and is currently increasing its annual SAF production capability to 1.5 million tons per annum by the end of 2023 with ongoing investments at its refineries in Singapore and Rotterdam, the Netherlands. Neste’s SAF is available to airlines at a growing number of airports globally and in the Americas, including San Francisco International Airport and Los Angeles International Airport.
Sustainable Aviation Fuel
SAF is a renewable aviation fuel providing a more sustainable alternative to conventional, fossil based jet fuel. It is widely recognized as a key lever to achieve aviation’s emission reduction goals. 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.
*) When used in neat form (i.e. unblended) and calculated with established life cycle assessment (LCA) methodologies, such as CORSIA methodology
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Air Canada: please contact Air Canada via firstname.lastname@example.org
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 2022, Neste's revenue stood at EUR 25.7 billion. Read more: neste.com
About Air Canada
Air Canada is Canada's largest airline, the country’s flag carrier and a founding member of Star Alliance, the world's most comprehensive air transportation network. Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada’s Aeroplan program is Canada’s premier travel loyalty program, where members can earn or redeem points on the world’s largest airline partner network of 45 airlines, plus through an extensive range of merchandise, hotel and car rental rewards. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using Air Canada’s passenger and freighter aircraft. Air Canada has committed to a net zero emissions goal from all global operations by 2050. Air Canada shares are publicly traded on the TSX in Canada and the OCTQX in the US.