Neste and American Airlines to explore opportunities for renewable fuel use
Finland-headed oil refiner and renewable fuels producer Neste Oyj and US-headed American Airlines, the world's largest airline, have entered into an agreement to explore opportunities to further reduce American's environmental footprint through the use of Neste's renewable fuels.
Neste is currently the world’s largest producer of renewable diesel, and one goal of the cooperation, announced at the Airports Going Green conference this week in Dallas, Texas, will be complementary efforts to “facilitate acceptance and commercialization of High Freeze Point HEFA (HFP-HEFA) renewable jet fuel.
HFP-HEFA is currently under consideration for approval by ASTM International, a globally recognized leader in the development and delivery of voluntary consensus standards for a range of industries.
Together, Neste and American Airlines are evaluating in-flight and on-the-ground opportunities for mutually beneficial cooperation and collaboration. We share a common view that innovative low-carbon solutions are needed to help the aviation industry meet its greenhouse gas (GHG) emission reduction goals, and renewable jet fuel is an important part of the solution, said Kaisa Hietala, Neste’s Executive Vice President of Renewable Products.
The aviation industry has set ambitious targets to mitigate greenhouse gas emissions from air transportation, including carbon-neutral growth from 2020 and beyond, and a 50 percent reduction of net aviation CO2 emissions by 2050. Currently, sustainable renewable jet fuel offers the only viable alternative to fossil liquid fuels for powering commercial aircraft.
American Airlines has already taken significant steps to reduce its carbon footprint with an unprecedented fleet renewal program. By the end of 2017, American will have invested more than US$18 billion and introduced 496 new aircraft into its fleet since the merger, while retiring 469 older aircraft – giving American the youngest fleet of the US network carriers.
We are excited about the continued progress in the renewable fuels industry. We believe commercially viable renewable fuels have the potential to play an important role in helping American further reduce emissions beyond our significant investment in fuel-efficient aircraft, said Steve Johnson, American’s Executive Vice President of Corporate Affairs.