Neste Corporation, Press Release, 5 March 2020 at 9.30 (EET)
Finnair, the airline specialized in connecting Europe and Asia, and Neste, the world’s largest producer of sustainable aviation fuel from renewable waste and residues, have signed a new agreement which will gradually and considerably increase Finnair’s use of sustainable aviation fuel in its operations. The new partnership will be a key contributing factor in Finnair’s long-term target of carbon neutrality. Sustainable aviation fuels are a key part of the long-term solution for reducing the CO2 footprint of aviation, as they reduce the CO2 emissions by up to 80% compared to fossil fuels.
The partnership will not only increase Finnair’s use of sustainable aviation fuel, but it will also boost the production of sustainable aviation fuel in Finland. Growing availability is also important in order to make sustainable aviation fuel more widely used and affordable for Finnair’s future flight operations.
“We are excited about increasing the use of sustainable aviation fuel in our operations from our Helsinki hub,” says Finnair’s CEO, Topi Manner. “Sustainable aviation fuels are a key part of our long-term plan for carbon neutrality – by the end of 2025, we expect to spend some 10 million euros annually on sustainable aviation fuels. Developing a healthy SAF market requires commitment from forerunners, and we are happy to be leading the way with Neste.”
“Decreasing emissions from aviation calls for cooperation, as this challenge cannot be solved by anyone alone,” says Peter Vanacker, Neste’s President and CEO. “We are very pleased to cooperate with Finnair, and support Finnair’s carbon neutrality target. Besides the fuel supply, this partnership offers us an opportunity for contributing to our own climate targets by decreasing CO2 emissions of our employees’ business travel with Finnair through the use of Neste MY Renewable Jet Fuel.”
Finnair will encourage its customers to support the use of sustainable aviation fuel by offering integrated ticket solutions which will include a sustainable aviation fuel option later this year and will match the contributions customers make to sustainable aviation fuel with its own purchases. Finnair will also use sustainable aviation fuel to decrease the CO2 footprint of its own staff duty travel.
In addition, Finnair, the Finnish airport operator Finavia and Neste are working together to define ways for corporate customers to be able to reduce the CO2 footprint of their travel with sustainable aviation fuel.
“Achieving concrete CO2 reductions is key to solving the CO2 challenge of aviation, and to ensure a sustainable future where the benefits of aviation can continue, while its climate impacts are dramatically reduced,” adds Manner.
“Currently, sustainable aviation fuel offers the only viable alternative to fossil liquid fuels for powering commercial aircraft. Neste’s sustainable aviation fuel is fully compatible with the existing jet engine technology and fuel distribution infrastructure when blended with fossil jet fuel,” continues Vanacker.
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Further information: Please contact Neste’s media service, tel. +358 50 458 5076 / firstname.lastname@example.org (weekdays from 8.30 a.m. to 4.00 p.m. EET).
Neste in brief
Neste (NESTE, Nasdaq Helsinki) creates sustainable solutions for transport, business, and consumer needs. Our wide range of renewable products enable our customers to reduce climate emissions. We are the world's largest producer of renewable diesel refined from waste and residues, introducing renewable solutions also to the aviation and plastics industries. We are also a technologically advanced refiner of high-quality oil products. We want to be a reliable partner with widely valued expertise, research, and sustainable operations. In 2019, Neste's revenue stood at EUR 15.8 billion. In 2020, Neste placed 3rd on the Global 100 list of the most sustainable companies in the world. Read more: neste.com