Lack of funding grounds GVA's renewable jet fuel project
In a pilot project announced last year, Switzerland's Geneva International Airport (GVA) aspired to replace 1 percent of the conventional jet fuel used for aircraft with renewable jet fuel with Finland-headed oil refiner and renewable fuel producer Neste. However, a decision by Swiss authorities not to provide project facilitation funding has grounded the project before take-off.
As announced in September 2017, Geneva International Airport (GVA) aspired to replace 1 percent of the conventional jet fuel used for aircraft with renewable jet fuel in a pilot project with Finland-headed oil refiner and renewable fuel producer Neste. According to Neste, a case for project facilitation funding was made to the Swiss authorities, which after a long period of consultation, decided not to commit to the project.
The authorities’ decision not to support the Renewable Jet Fuel project in Geneva Airport is a disappointment but does not affect Neste’s plan to bring Neste MY Renewable Jet fuel to the global market. We have announced collaboration agreements with other airports and airlines already, and I believe several other announcements will follow in the near future, said Kaisa Hietala, Executive Vice President of Neste’s Renewable Products business area.
Neste’s renewable jet fuel production continues as planned and volumes will increase year-on-year. With Neste’s planned additional 1 million tonnes per annum renewable product capacity in Singapore, the renewable jet fuel production is estimated to increase significantly by 2022.
Under the umbrella of Neste Green Hub, Neste continues efforts linked to the reduction of carbon dioxide (CO2) emissions in aviation, and support the objectives set by the International Civil Aviation Organization (ICAO) for carbon-neutral growth in aviation from 2020.
Neste Green Hub connects key stakeholders and creates the right ecosystem to increase sustainability across the aviation industry by creating a platform where airports, solutions providers, airlines, authorities, local community and passengers all unite and contribute to more sustainable travel and where Neste’s renewable diesel and aviation fuels are an essential element in the Green Hub initiative.