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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Neste Oyj    NESTE   FI0009013296

NESTE OYJ

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Neste Oyj : and All Nippon Airways (ANA) collaborate on first supply of Sustainable Aviation Fuel in Asia

10/26/2020 | 03:35am EST

ANA has established a procurement supply chain together with Neste and with support of Itochu Corporation.
Ahead of its mid-to-long term collaboration, ANA and Neste will supply the first flight powered by Neste MY Sustainable Aviation Fuel™ in Japan.
Despite disruptions caused by COVID-19, ANA will adhere to its existing sustainability goals.

Neste and All Nippon Airways (ANA), Japan's largest and a 5-Star airline, are entering a sustainable aviation fuel (SAF) supply agreement.This groundbreaking partnership will see ANA become the first airline to use SAF on flights departing from Japan and also represents Neste's first SAF supply to an Asian airline. Initial operations will begin from October 2020 as ANA plans SAF-fueled flights from both Haneda International airport and Narita International Airport. The delivery of the SAF was made possible through collaboration and close coordination on logistics between Neste and the Japanese trading house Itochu Corporation.

"ANA takes pride in its leadership role and has been recognized as an industry leader in sustainability, and this agreement with Neste further demonstrates our ability to serve passengers while also reducing our carbon footprint," said Yutaka Ito, Executive Vice President at ANA overseeing Procurement. "While COVID-19 has forced us to make adjustments, we remain committed to meeting our sustainability goals. We recognize that preserving our environment requires that humanity work together to achieve a common goal, and we are proud to be doing our part to protect our shared home. We are also pleased to report that according to the ISCC Proof of Sustainability certification the Neste MY Sustainable Aviation Fuel supplied in Tokyo provides approximately 90% greenhouse gas emissions reduction through its lifecycle and in its neat form compared to fossil jet fuels."

"We recognise the major role SAF has to play in reducing greenhouse gas emissions of aviation, both in the short and long term. Through this new collaboration, we are enabling the supply of SAF for the first time in Asia. We are very honoured to partner with ANA and support them in achieving their ambitious sustainability goals", says Thorsten Lange, Executive Vice President for Renewable Aviation at Neste.

ANA and Neste plan to expand the collaboration after 2023 based on a multi-year agreement. Neste currently has an annual capacity of 100,000 tons of sustainable aviation fuel. With the Singapore refinery expansion on the way, and with possible additional investment into the Rotterdam refinery, Neste will have the capacity to produce some 1.5 million tons of SAF annually by 2023.

Neste MY Sustainable Aviation Fuel™ is made from sustainably sourced, renewable waste and residue raw materials. Typically, in its neat form and over the lifecycle, it can reduce up to 80% of greenhouse gas emissions compared to fossil jet fuel. The fuel gives an immediate solution for reducing the direct greenhouse gas emissions of flying. It can be used as a drop-in fuel with existing aircraft engines and airport infrastructure, requiring no extra investment. Prior to use, Neste MY Sustainable Aviation Fuel is blended with fossil jet fuel and is then certified to meet ASTM jet fuel specifications.

ANA has pledged to reduce its 2050 CO2 emissions from airline operations by 50% compared to 2005 figures. Furthermore, ANA will work to eliminate CO2 emissions from all non-airline operations through the implementation of energy conservation measures, such as replacing older equipment with new efficient solutions in the relevant business divisions. Though the ongoing COVID-19 outbreak has significantly impacted the airline industry, ANA is committed to maintaining its existing environmental, social and governance (ESG) goals for 2050. ANA's efforts have contributed to ANA being placed on the Dow Jones Sustainability Index for three consecutive years. By working with Neste, also included in the Dow Jones Sustainability Indices and the Global 100 list of the world's most sustainable companies, ANA hopes to enhance the quality of fuel used in its aircraft while also solidifying its leadership as an eco-friendly airline.

Neste Corporation

Susanna Sieppi
Vice President, Communications

More information:

Please contact Neste's media service, tel. +358 50 458 5076 / media@neste.com (weekdays between 8.30 a.m. and 4.00 p.m. EET).

ANA Corporate Communications, TEL +81-3-6735-1111, publicrelations@ana.co.jp

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 renewable diesel and sustainable aviation fuel, developing chemical recycling to combat the plastic waste challenge. We aim at helping customers to reduce greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. As a technologically advanced refiner of high-quality oil products with a commitment to reach carbon-neutral production by 2035, we are also introducing renewable and recycled raw materials such as waste plastic as refinery raw materials. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world's most sustainable companies. In 2019, Neste's revenue stood at EUR 15.8 billion, with 82% of the company's comparable operating profit coming from renewable products. Read more: neste.com

About ANA

Following the "Inspiration of Japan" high quality of service, ANA has been awarded the respected 5-Star rating every year since 2013 from SKYTRAX. ANA is the only Japanese airline to win this prestigious designation seven years in a row. Additionally, ANA has been recognized by Air Transport World as "Airline of the Year" three times in the past 10 years - 2007, 2013 and 2018, becoming one of the few airlines winning this prestigious award for multiple times.

ANA was founded in 1952 with two helicopters and has become the largest airline in Japan, as well as one of the most significant airlines in Asia, operating 78 international routes and 118 domestic routes. ANA offers a unique dual hub model which enables passengers to travel to Tokyo and connect through the two airports in the metropolitan Tokyo, NARITA and HANEDA, to various destinations throughout Japan, and also offers same day connections between various North American, Asian and Chinese cities.

ANA has been a member of Star Alliance since 1999 and has joint venture partnerships with United Airlines, Lufthansa German Airlines, Swiss International Airlines and Austrian Airlines.

In addition to the full service and award-winning record of ANA, the ANA Group's subsidiary Peach Aviation Limited is the leading LCC in Japan, and has expanded following the integration of Vanilla Air Inc. in late 2019. The ANA Group carried 54.4 million passengers in FY2018, has approximately 43,000 employees and a fleet of 260 aircraft. ANA is a proud launch customer and the biggest operator of the Boeing 787 Dreamliner.

For more information, please refer to the following link.

Disclaimer

Neste Oyj published this content on 26 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2020 08:34:02 UTC


© Publicnow 2020
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