Neste and Marathon closed the transaction for the establishment of the joint venture to be called Martinez Renewables. This is a 50/50 joint venture to produce renewable diesel following a conversion project of Marathon’s refinery in Martinez, California (the Martinez Renewable Fuels project).
Neste and HELLENIC PETROLEUM Group have entered into an agreement for the commercial distribuito of Neste MY Sustainable Aviation Fuels on flights by Aegean Airlines, the leading air carrier in Greece. HELLENIC PETROLEUM Group, through its subsidiary EKO, will ensure the supply of Neste-produced sustainable aviation fuel (SAF) on AEGEAN flights departing from its Thessaloniki Airport “Makedonia” hub. Flights from Athens International Airport are expected to follow soon, as Neste announced.
Finnish giant Neste and Fly Victor, the on-demand private jet company, started a partnership which sets a new sustainability benchmark in business aviation. Victor members can now purchase Neste MY Sustainable Aviation Fuel™ (SAF) for every private jet booking globally. This enables private jet charterers to reduce the carbon footprint of their private air travel in a credible and measurable way.
Coldplay is partnering up with Neste to take steps towards the band’s target of reducing CO2 emissions from the Music Of The Spheres World Tour by 50% compared to the band’s previous world tour. Neste will provide Coldplay with sustainable aviation fuel (SAF) to help reduce emissions from air travels, while the company’s renewable diesel will help cut emissions from the band’s tour transports and stage power generation.
Aviation fuel supplier ExxonMobil has reached an agreement with sustainable aviation fuel (SAF) producer Neste to commercially distribute Neste MY Sustainable Aviation Fuel at France’s largest airports. The move comes after the French Government introduced the 1% SAF mandate, which has come into force from 1 January.
Neste signed its first renewable hydropower purchase agreement with Vattenfall, one of Europe’s largest producers and retailers of electricity and heat. Vattenfall will deliver the hydropower from its Nordic hydropower plants and the deliveries will start at the beginning of January 2022.
As part of the COP26 climate conference, Deutsche Post DHL Group has announced a further step towards introducing climate-friendly aviation logistics. The Group has agreed a new partnership with Neste1 to supply the DHL Express division with Sustainable Aviation Fuel (SAF) at the UK’s East Midlands Airport. In total, DHL will purchase SAF for more than EUR 60 million by mid- 2022, reducing around 70,000 tons of CO2. This is a first step for the Group to reach its ambitious 2030 target of meeting at least 30 per cent of its fuel needs in aviation through sustainable fuels.
Houston-based Kinder Morgan is partnering with Finnish company Neste to create a raw material storage and logistics hub in the United States that will support increased production of renewable diesel, sustainable aviation fuel, and renewable feedstock for polymers and chemicals.
Upon completion of the project, Kinder Morgan’s Harvey, La., facility will serve as the primary hub where Neste will store a variety of raw materials, including, for example, the used cooking oil it collects from more than 40,000 restaurants across the United States, the company said.
Neste and Boston Consulting Group (BCG) have signed a new agreement for the purchase of Neste MY Sustainable Aviation Fuel™, to be delivered to airlines SAS and Finnair, covering the volume of all the flights with these carriers taken by BCG employees in the Nordics. Through this new partnership, BCG expects to significantly reduce greenhouse gas emissions on flights with these airlines.
Until now, there have been no commercial drop-in solutions for replacing fossil gasoline to reduce high amounts of greenhouse gas emissions from conventional petrol cars, without investing into new vehicles or modifying the old ones.
Neste, the world’s leading producer of renewable diesel and sustainable aviation fuel (SAF), may be the first to have developed a renewable gasoline for such commercial use in the existing fleet. The final phase of testing is now beginning with the target to complete commercial tests of the fuel, and thereby enabling significant reductions of greenhouse gas emissions from gasoline and hybrid cars.
IL BIOECONOMISTA 