This latest agreement with Neste, the world’s largest producer of renewable diesel and SAF, will enable us to deliver a significantly increased volume of SAF to airports across Europe. Deliveries to Stockholm Arlanda (ARN) and Oslo (OSL) airports are expected to begin in the coming weeks. The total volume of SAF available to customers throughout 2020 and 2021 is five times larger than that supplied by Air bp and Neste in 2019.
SAF offers the only viable drop-in alternative to fossil fuel liquids for powering commercial aircraft. Made from 100% renewable waste and residue raw materials, Neste’s SAF can reduce up to 80% of greenhouse gas emissions in its neat form and over its lifecycle compared to conventional jet fuel. Neste’s current SAF annual capacity is 100,000 tons. However, with a refinery expansion in Singapore on the way and possible additional investment into their Rotterdam refinery, Neste will have capacity to produce around 1.5 million tons of SAF annually by 2023.
The latest step in our cooperation with Neste is a significant development in our collaboration to explore and develop supply chain solutions for delivering SAF. It also makes best use of both businesses’ expertise in the fields of production, blending, supply and safe operations.
“bp’s ambition is to be a net zero company by 2050 or sooner and to help the world get to net zero. Air bp aims to support our customers and the wider aviation industry on their path to meet their low carbon goals. We believe sustainable aviation fuel will play an important role as the industry recovers from the impact of the COVID-19 pandemic. Through our successful ongoing collaboration with Neste, we are pleased to be able to offer our customers a substantially increased volume of SAF as they work towards reducing their emissions.”
Martin Thomsen, Air bp’s chief executive officer.
To find out more about sustainable aviation fuel click here.