World Fuel Services, Neste sign SAF-supply agreement
World Fuel Services and Neste announced May 22 their recently signed agreement for sustainable aviation fuel (SAF), further strengthening the relationship between these two global companies.
This agreement provides World Fuel Services with greater access to the currently limited supply of SAF available for European commercial, business and general aviation customers.
World Fuel Services estimates delivering more than 20 times the SAF volume this year than delivered in 2022.
Increasing the accessibility of renewable fuels like SAF worldwide is a key tenet of World Fuel Services’ mission to enable its customers and partners to decarbonize their operations.
The new supply agreement extends the already strong collaboration on SAF, which brings together Neste’s well-established production capabilities with World Fuel Services’ global distribution network and large customer base.
With greater committed volumes of SAF from Neste under the new agreement, World Fuel Services has increased the number of European airports they can supply with SAF from 13 to over 40.
This collaboration also paves the way for expanding the accessibility of SAF at more than 100 airport locations presently in World Fuel Services’ European network.
“Neste is fully committed to supporting the aviation industry to achieve its net-zero carbon-emissions goal,” said Alexander Kueper, an executive with Neste. “Working closely with partners like World Fuel Services is crucial as it will help us accelerate the supply and usage of sustainable aviation fuel across World Fuel’s extensive global network of airports. We are excited to expand our collaboration with World Fuel as we increase our annual SAF production capability to 1.5 million tons per annum by the end of 2023.”
With this agreement, World Fuel builds on its existing track record of providing sustainable energy to customers to reduce carbon emissions.
Since 2015, World Fuel has delivered nearly 40 million gallons of SAF to business and commercial aviation customers worldwide.
The agreement with Neste will significantly impact the availability of SAF in Europe.
“We are excited to have created a framework that enables us to more reliably provide our customers across Europe with SAF in a timely and expedient manner,” said Duncan Storey, World Fuel Services’ vice president of supply aviation in Europe. “We are confident this agreement and deeper collaboration with Neste will serve to accelerate our ability to support customers in their decarbonization ambitions across the globe. This initiative is another example of the many actions we have taken to bring renewable fuels and sustainable practices to a wider audience.”
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