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Neste and Avfuel create strategic partnership for sustainable aviation fuel

January 13/2021

MOSCOW (MRC) -- Neste and Avfuel Corporation announced a strategic partnership to create an efficient, continuous supply of sustainable aviation fuel (SAF) in the U.S., said Hydrocarbonprocessing.

Neste will provide Avfuel with SAF in volumes able to meet the growing demands of Avfuels customers, including fixed base operators (FBOs), airports, flight departments, original equipment manufacturers (OEMs) and commercial operators. Avfuel will be a branded SAF distributor for Neste, and will sell it under the brand name Neste MY Sustainable Aviation FuelTM.

The strategic partnership positions Avfuel as one of the first United States companies able to supply its customers with SAF on a continuous basis. Monterey Jet Center (KMRY) an Avfuel-branded FBO in Monterey, California will be the first customer to receive a consistent supply of SAF. With the first delivery scheduled for the first quarter of 2021, Neste and Avfuel will work with Monterey Jet Center to ensure that the supply chain, from production through invoicing, functions smoothly before rolling the program out to a larger customer base.

"This strategic partnership is an exciting development for the industrys sustainability initiative and a natural next step in response to aviations growing demand for SAF. It combines Nestes leading SAF production and marketing expertise with Avfuels leading distribution logistics and branding proficiencies for our global network of FBOs and fuel consumers. Together, we are able to support aviations sustainability goals and enhance supply availability at a commercial scale, filling an immense gap in the industrys supply chain. Avfuel is proud to partner with the Neste team, who demonstrate a deep commitment to aviation and sustainability efforts for a brighter, cleaner world, said Craig Sincock, President and CEO of Avfuel.

"This collaboration is about so much more than just creating a supply chain. We are really providing passengers a meaningful way to reduce their carbon footprint when traveling on a business or private aircraft, said Chris Cooper, Vice President, Renewable Aviation, North America, Neste. Thanks to great partners like Avfuel, travelers who care about the health of our planet will be able to choose to board an aircraft flying on SAF."

Neste has been at the vanguard of sustainable aviation fuel production for nearly a decade and the company expects to have the capacity to produce some 1.5 million tons (515 million gallons) of SAF annually by 2023. Nestes SAF is made from sustainably sourced, renewable waste and residue materials. It is a drop-in fuel that offers an immediate way to directly reduce greenhouse gas emissions from aircraft, requiring no new investments, modifications or changes to the aircraft or fuel distribution procedures.

As MRC informed earlier, Neste has a target to process annually over 1 MM tons of waste plastic from 2030 onwards. The company plans to use liquefied plastic waste as a raw material at its fossil oil refinery to upgrade it into high-quality drop-in feedstock for the production of new plastics.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,760,950 tonnes in the first ten months of 2020, up by 3% year on year. Only high density polyethylene (HDPE) and linear low density polyethylene (LLDPE) shipments increased. At the same time, PP shipments to the Russian market reached 978,870 tonnes in  January-October 2020 (calculated using the formula: production minus exports plus imports minus producers' inventories as of 1 January, 2020). Supply of exclusively of PP random copolymer increased.


mrcplast.com
Author:Anna Larionova
Tags:petroleum products, crude oil, PP, PE, neftegaz, petrochemistry, Neste oil.
Category:General News
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