Neste Corporation, press release, May 27, 2022 at 12:00 p.m. (EET)

Today, Neste and ITOCHU are celebrating the first delivery of Neste MY Sustainable Aviation Fuel™ to Etihad Airways, one of the airlines of the United Arab Emirates, in Japan. The delivery of Neste MY Sustainable Aviation Fuel (SAF) to Etihad marks the first time in Japan that SAF will be supplied to a foreign airline at an airport in Japan. The SAF will be delivered to the Etihad aircraft at Narita International Airport.

This milestone is the result of the recently expanded partnership between Neste and ITOCHU to increase the availability of sustainable aviation fuel in Japan. ITOCHU acts as a Neste MY Sustainable Aviation Fuel branded distributor in Japan, making Neste’s SAF available first at Japan’s two largest international airports: Tokyo Haneda and Narita.

SAF is key to meeting aviation emissions reduction targets, and Neste and ITOCHU are committed to helping Japan meet the 10% SAF usage target by 2030 set by the Ministry of Land, Infrastructure, Transport and Tourism (“MLIT”).

“This delivery of our Neste MY sustainable aviation fuel to Etihad is a major step forward in growing the use of our sustainable aviation fuel in the Japanese market,” said Sami Jauhiainen, Neste Vice President, Asia. – Pacific, Renewable Aviation. “Our partnership with ITOCHU aims to help domestic and international airlines as well as other fuel suppliers at Haneda and Narita International Airports accelerate the adoption of SAF to reduce the carbon emissions of flight. I am delighted to Seeing this partnership already yield results and I look forward to supporting more airlines in Japan in the future.”

“This delivery of SAF to Etihad Airways is the result of the partnership with Neste, and we are pleased to be the first company to supply SAF to a foreign airline in Japan. ITOCHU will continue to cooperate with Neste and departing airlines. Japan’s airports, and contribute to the decarbonization of the airline industry through a stable supply of SAF,” said Tsuyoshi Matsumoto, General Manager of ITOCHU’s Petroleum Trade Department.

Tony Douglas, Group Chief Executive, Etihad Aviation Group, said: “Etihad is committed to achieving net zero emissions by 2050 and to reducing our 2019 emissions by 50% by 2035. For SAF to become a solution viable in the medium term for the decarbonisation of aviation, it requires collaboration between governments, businesses and the aviation industry to increase the supply and availability of SAF at airports, so that it can be adapted more widely .Our partnership with ITOCHU and Neste is an example of the type of industry collaboration that is needed to drive widespread adoption of SAFs. We are extremely proud to be the first international airline to source and use SAFs provided by Japan on flights departing from Japan.

Neste is committed to working with the global aviation industry to achieve its emission reduction targets. Neste is currently expanding its SAF production capacity to 1.5 million tonnes per year by the end of 2023. This includes up to 1 million tonnes of SAF production capacity at Neste’s Singapore refinery through the Neste’s ongoing expansion project in Singapore, which will begin operations by completion. of the first quarter of 2023.

Neste MY Sustainable Aviation Fuel is a solution to immediately reduce the direct greenhouse gas emissions of flight. It can reduce greenhouse gas emissions by up to 80%*, in its pure form and throughout its life cycle, compared to fossil jet fuel. The SAF produced by Neste is made from waste and 100% renewable raw materials from sustainable sources. As an alternative fuel, it can be used with existing aircraft engines and airport fuel infrastructure, without requiring additional investment.

*) Calculated with established Life Cycle Assessment (LCA) methodologies, such as the CORSIA methodology.

Neste Company

Susanna Sieppi
Vice President, Communications

Further information :

Nested: Please contact the Neste media department, tel. +358 800 94025 / [email protected] (weekdays from 8:30 a.m. to 4:00 p.m. EET).

ITOCHU: Please contact via website: https://www.itochu.co.jp/en/inquiry/product/input

Nest in a nutshell

Neste (NESTE, Nasdaq Helsinki) creates solutions to fight climate change and accelerate the transition to a circular economy. We refine waste, residues and innovative feedstocks into renewable fuels and sustainable feedstocks for plastics and other materials. We are the world’s leading producer of sustainable aviation fuel and renewable diesel and are developing chemical recycling to tackle the challenge of plastic waste. Our goal is to help our customers reduce their greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons per year by 2030. Our ambition is to make the oil refinery of Porvoo in Finland the most sustainable refinery in Europe by 2030. We introduce renewable and recycled raw materials such as liquefied plastic waste as refinery raw materials. We are committed to achieving carbon neutral production by 2035 and will reduce the carbon intensity of products sold by 50% by 2040. We have also set high standards for biodiversity, human rights people and supply chain. We have consistently been included in the Dow Jones Sustainability Indexes and the Global 100 list of the world’s most sustainable companies. In 2021, Neste’s turnover amounted to 15.1 billion euros. Read more: neste.com

ITOCHU Corporation in a nutshell

The history of ITOCHU Corporation dates back to 1858 when the company’s founder, Chubei Itoh, started linen trading operations. Since then, ITOCHU Corporation has evolved and grown for 160 years. With around 100 bases in 62 countries, ITOCHU Corporation, one of the leading sogo shosha, engages in domestic trade, import/export and overseas trade of various products such as textile, machinery, metals, minerals, energy, chemicals, food, general commodities, real estate, information and communications technology and finance, as well as business investment in Japan and the foreign.