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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
Avfuel’s 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 industry’s
sustainability initiative and a natural next step in response to aviation’s
growing demand for SAF. It combines Neste’s leading SAF production and marketing
expertise with Avfuel’s leading distribution logistics and branding
proficiencies for our global network of FBOs and fuel consumers. Together, we
are able to support aviation’s sustainability goals and enhance supply
availability at a commercial scale, filling an immense gap in the industry’s
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. Neste’s 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. |
