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    NESTE   FI0009013296

NESTE OYJ

(NESTE)
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Neste Oyj : and Finnair present Sustainable Aviation Fuel based solution to reduce business travel emissions

04/13/2021 | 03:43am EDT
Neste and Finnair are joining forces to reduce carbon emissions related to Neste employees' business travel by using Sustainable Aviation Fuel (SAF). Neste has recently made 300 tons of Neste MY Sustainable Aviation Fuel™ available at Helsinki Airport in Finland for Finnair's use. By replacing a part of the fossil jet fuel with SAF on its flights departing from Helsinki Airport, Finnair will reduce its greenhouse gas emissions by 900 tons of CO2 equivalent. This represents a significant share of the emissions accumulated from Neste employees' global air travel in 2020.

The collaboration contributes to the climate commitments Neste made in 2020, including a commitment to reduce and compensate emissions from its employees' business travel through the use of the company's own sustainable aviation fuel. Finnair is a strategic partner for Neste, and also one of the most frequently used airlines for business travel by Neste's employees. Finnair's target is to become carbon neutral by 2045, and to halve its net CO2 emissions by the end of 2025.

Piloting a new SAF-based solution for reducing emissions from business air travel

The collaboration between Neste and Finnair also serves as a showcase for other businesses, since it offers a clear solution on how to reduce business air travel emissions. Neste's aim is to make this solution available for businesses, public institutions and other organizations with ambitious climate commitments.

"We are excited about collaborating with Finnair to pilot the innovative solution we have developed for reducing emissions from business air travel. This solution, built upon Neste MY Sustainable Aviation Fuel and partnerships with airlines, will provide corporate customers and other organizations yet another tool for tackling climate change and meeting their climate commitments," says Sami Jauhiainen, Vice President, Business Development from Neste's Renewable Aviation business unit. "We are extending the invitation to other companies and collaborating airlines to partner with Neste, making business travel more sustainable and future-fit. It is now a great time to prepare for when business travel takes off again."

"Sustainable aviation fuels are a key element in our ambitious CO2 emissions reduction targets", says Anne Larilahti, Vice President, Sustainability at Finnair. "Solving the climate challenge of aviation requires contribution from all stakeholders. Companies can reduce the environmental footprint of their business travel by choosing direct routes, flying with airlines that have a fuel-efficient fleet, and by choosing to fly with SAF. We are excited to partner with Neste in this."

How the SAF-based solution reduces emissions

As part of the pilot project, Neste has arranged to supply altogether 500 metric tons of SAF in Europe and North America to the airlines most frequently used by Neste employees on their business travels. The volume already provided for Finnair's use is included in the total.

Replacing fossil jet fuel with such an amount of Neste MY Sustainable Aviation Fuel has been calculated to cut greenhouse gas emissions by up to 1,500 tons CO2 equivalent when all the emissions over the life cycle of the fuels are taken into account and compared*. The emission savings correspond to the total estimated emissions that resulted from Neste employees' business air traveling globally in 2020.

Neste will continue to reduce the emissions from its employees' corporate traveling each year with its SAF-based solution. The volumes of SAF needed to cut the corresponding emissions are expected to increase post the COVID-19 pandemic; hence, the company continues to consider all alternatives to reduce its own emissions and those related to its value chains.

*) The emissions calculations are based on the method provided by the EU Renewable Energy Directive. Based on this method, Neste MY Sustainable Aviation Fuel in its neat form and over the life cycle helps reduce greenhouse gas emissions by up to 80% compared to fossil jet fuel use. The companies have not claimed any regulatory incentives for the supplied SAF, and thus the achieved emission reduction is additional to that achieved by governmental policies.

Neste Corporation

Susanna Sieppi
Vice President, Communications

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

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 2020, Neste's revenue stood at EUR 11.8 billion, with 94% of the company's comparable operating profit coming from renewable products. Read more: neste.com
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Image icon Photo: Finnair and Neste

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Neste Oyj published this content on 13 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2021 07:42:02 UTC.


© Publicnow 2021
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