Neste oil SAF deal made with Emirates

Emirates airline and Neste, a Finnish oil refining and marketing company, have expanded their partnership by strengthening their collaboration for the supply of over 3 million gallons of blended Neste MY Sustainable Aviation Fuel in 2024 and 2025.

The sustainable aviation fuel (SAF), which will be blended with conventional jet fuel, will be supplied over the course of 2024 and 2025 for Emirates’ flights departing from Amsterdam Schiphol and Singapore Changi airports.

Finland is a leader in sustainable technologies that the country actually implements. Green Prophet was invited on a press tour to Finland 13 years ago where we visited biofuel companies, green servers, and heat pump manufacturers.

Neste Oyj is an oil refining and marketing company located in Espoo, Finland. The company produces, refines and markets bioful oil products, and provides engineering services and operations in 14 countries. Neste shares are listed on the Nasdaq Helsinki.

Emirates’ expanded partnership with Neste represents the largest volume of SAF to be uplifted of any airline based in the Middle East and Africa to date. The blended SAF will comprise over 1 million gallons of neat SAF. This represents a blended ratio of over 30% neat SAF combined with conventional Jet A-1 fuel.

By the end of 2023, the airline used SAF for the first time from its Dubai hub. SAF reduces carbon emissions of air travel by up to 80% over the fuel’s life cycle when compared to using conventional jet fuel.

Earlier in 2023, Emirates, in partnership with Neste and other industry stakeholders, successfully completed the first 100% SAF-powered demonstration flight in the region, utilising a Boeing 777-300ER operating on 100% SAF in one engine.

The airline has made significant strides along with its industry partners around the technical analysis and certification requirements that support standardization and future approval of 100% SAF flying.

Last month, Neste employees went on strike for labor reforms. In Decemeber, 2023, Neste partnered with Coleman Oil Company in the US to enable cities and businesses to have easier access to Neste MY Renewable Diesel in the state of Washington in the US. Neste has also completed the strategic study and begins a gradual transformation of its crude oil refinery in Porvoo into a renewable and circular solutions refining hub.