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

NESTE OYJ

(NESTE)
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Neste Oyj : and Shell sign an agreement to increase the supply of sustainable aviation fuel

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09/23/2020 | 05:30am EDT
Neste Corporation, Press Release, 23 September 2020, at 11 a.m. (EET)
In a move which anticipates increasing desire from airlines to reduce emissions, Neste and Shell Aviation have entered into a sustainable aviation fuel (SAF) supply agreement.
This agreement significantly increases the supply and availability of SAF for the aviation industry with effect from October 2020. It brings together Neste's expertise in the production and supply of renewable diesel and SAF with Shell Aviation's world-class credentials in supplying and managing fuel around the world.

"To tackle climate change and reach net zero emissions, the aviation industry must act fast. Shell Aviation aims to reduce the carbon intensity of the fuels we sell which includes selling more lower-carbon fuels like sustainable aviation fuel, over time. Today's agreement with Neste will help Shell Aviation customers to lower their emissions and demonstrates the kind of progress we can deliver by working in collaboration with others," said Anna Mascolo, President, Shell Aviation.

"The aviation industry is essential for global business, generating growth and facilitating economic recovery. It also enables people to travel and goods to be transported rapidly across the globe. But if we are to address aviation-related emissions, we need to utilize all the available solutions. SAF offers the only viable alternative to fossil liquid fuels for powering commercial aircraft with an immediate potential to reduce aviation's greenhouse gas emissions. We are fully committed to supporting the aviation industry, its customers and corporates with their emission reduction targets," says Thorsten Lange, Executive Vice President for Renewable Aviation at Neste.

Neste Corporation

Susanna Sieppi
Vice President, Communications (act.)

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).

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

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Disclaimer

Neste Oyj published this content on 23 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2020 08:29:10 UTC


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P/E ratio 2020 33,0x
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Lars Peter Lindfors Senior Vice President-Innovation
Willem Jan Antoon Schoeber Independent Non-Executive Director
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