Finland-headed oil refiner and renewable products major Neste Oyj, Japan-headed general trading major ITOCHU Corporation (ITOCHU), and South Korea's global energy and chemical company GS Caltex have collaborated to make the first batch of CORSIA-eligible ISCC-certified sustainable aviation fuel (SAF) available for purchase at Tokyo's Narita International Airport (NRT) in Japan.
According to a statement, this is the first time that the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA)-certified SAF was made available for airlines’ regular purchase at a commercial scale, well ahead of the start of CORSIA’s mandatory phase in 2027.
As part of the collaboration, Neste supplied over 1,000 tons of neat (i.e. unblended) CORSIA-eligible and ISCC-certified Neste MY Sustainable Aviation Fuel to the refinery of GS Caltex in Yeosu, South Korea to be blended with conventional jet fuel.
Sustainable aviation fuel is a readily available solution for reducing greenhouse gas emissions from air travel. CORSIA-eligible SAF provides airlines like ANA and JAL an opportunity to credibly reduce aviation emissions. This milestone shows how we are working together with partners like ITOCHU and GS Caltex as well as local governments to develop the supply chains for SAF to make the fuel even more readily available in the Asia-Pacific region and around the world. We are looking forward to further expanding our cooperation with our partners to increase our supply of SAF to airlines, said Alexander Kueper, VP of Renewable Aviation Business at Neste.
This marked the first time SAF was blended locally in South Korea. The blended SAF was then transported to Japan for ITOCHU to supply to the fuel storage facilities at Narita International Airport (NRT).
In collaboration with Neste and GS Caltex – our trusted partners – we have successfully established a groundbreaking supply chain for the delivery of CORSIA Eligible Fuel to airports in Japan. We firmly believe that this initiative will significantly contribute to resolving the aviation fuel shortage in Japan. Furthermore, it marks a pivotal step towards the decarbonization of the aviation industry. Looking ahead, we are dedicated to working alongside Neste and GS Caltex to ensure a consistent supply of aviation fuel while advancing our shared goal of decarbonization, said Tetsuya Yamada, Executive Officer and Chief Operating Officer of the Energy Division at ITOCHU.
The first batch of the fuel will be offered to All Nippon Airlines (ANA) and Japan Airlines (JAL).
This is a great example of working together to help achieve aviation’s net-zero carbon emissions goal, where Neste, ITOCHU and GS Caltex have built a new value chain based on their respective expertise, with active support from the Korean and Japanese governments. This was achieved based on a shared commitment to help the aviation industry with its efforts to decarbonize. Through this business development, the customers will be able to receive a stable supply of CORSIA-eligible SAF ahead of the start of CORSIA’s mandatory phase in 2027, contributing to airlines taking a further step towards reducing their carbon emissions. Moving forward, GS Caltex will further expand its cooperation with partners, Neste and Itochu, to contribute to the decarbonization of the aviation industry in Korea, Japan and globally, said S. H. Lee, EVP and Head of Supply & Trading Business Unit at GS Caltex.