Neste acquires stake in Aircraft Fuel Supply to ensure SAF supply at AMS
Finland-headed Neste Oyj, a leading global provider of renewable diesel and sustainable aviation fuel (SAF), has announced that it has acquired a minority stake in Aircraft Fuel Supply B.V. (AFS) in the Netherlands. AFS is the owner and operator of the Amsterdam Airport Schiphol (AMS) fuel storage company.
"Acquiring a share in Aircraft Fuel Supply B.V. is an important milestone in expanding the supply of SAF at a major global airport,” says Neste’s President and CEO Peter Vanacker.
Through its minority share in Aircraft Fuel Supply (AFS), Neste is able to offer to airlines operating at Amsterdam Airport Schiphol (AMS) in the Netherlands the ongoing supply of Neste MY Sustainable Aviation Fuel with immediate effect.
AFS is very pleased with this new shareholder and to contribute to a sustainable aviation industry, said Inge Stegmann, CEO of AFS
Neste’s sustainable aviation fuel (SAF) is made from sustainably sourced, renewable waste, and residue raw materials. Typically, in its neat form and over the life cycle, its use can reduce up to 80 percent of greenhouse gas (GHG) emissions compared to fossil jet fuel use, as per the method used to calculate life cycle emissions and emission reduction complies with the EU Renewable Energy Directive (2009/28/EC).
SAF gives an immediate solution for reducing the direct GHG emissions of flying. It can be used as a drop-in fuel with existing aircraft engines and airport infrastructure, requiring no extra investment.
Prior to use, the SAF is blended with fossil jet fuel and is then certified to meet ASTM jet fuel specifications.
We are extremely proud to be growing and securing the availability of SAF at Amsterdam Airport Schiphol. In doing so, we will support airlines in reaching their emission reduction targets. Front-runner airlines operating at Amsterdam Airport Schiphol can really make a contribution to a more sustainable future for the aviation industry. The Netherlands is a country that has taken steps forward to provide regulatory support to help encourage the supply and use of SAF.Thorsten Lange, EVP for Renewable Aviation at Neste.
Accelerate SAF uptake and capacity build-out
Neste and Amsterdam Airport Schiphol are both contributors to the Clean Skies for Tomorrow Initiative: A joint policy proposal to accelerate the deployment of SAF in Europe, in collaboration with the Energy Transitions Commission and World Economic Forum (WEF).
Neste’s annual SAF production capacity is currently 100 000 tonnes. With Neste’s Singapore refinery expansion on the way, and with possible additional investment into the Rotterdam refinery, Neste will have the capacity to produce some 1.5 million tonnes of SAF annually by 2023.
Looking at the future, quality is key for us. The quality of Schiphol’s network must go hand in hand with major steps towards sustainable aviation. Sustainable aviation fuel is a proven technology that needs to be scaled up. Therefore we warmly welcome Neste to our airport. They are a front-runner and together with them, our airlines, our other aviation partners, and our government we want to lead by example said CEO Dick Benschop of Amsterdam Airport Schiphol.