Neste bets on SAF (Sustainable Aviation Fuel)
Added on Fri July 2nd, 2021
Finnish company Neste Oyj, the world’s largest producer of renewable diesel, is creating a new market for low-carbon fuels for aircraft (SAF: Sustainable Aviation Fuel). The company is targeting those airlines that want to reduce their pollution levels.
We are in a period of energy transition to “clean” energy sources and Neste Oyj thinks that the higher cost of SAFs compared to traditional fuels will not be an obstacle to their widespread use. The company’s CEO said that people will start flying again, but they will want to do it in a more sustainable way.
Neste Oyj is investing about $230 million to equip its refinery in Rotterdam, the Netherlands, with the capacity needed to produce more sustainable aviation fuel. The company says it will be able to produce 1.5 million tons of SAF per year by the end of 2023; now it’s at just 100,000 tons.
The company’s CEO said that people will start flying again, but they will want to do it in a more sustainable way.
Neste Oyj has been making biodiesel at its plant in Porvoo, Finland, for more than a decade. The investment did not prove profitable, at least initially; in 2018, however, biodiesel surpassed traditional petroleum products.
Sustainable aviation fuels are made from waste such as waste cooking oil and animal fats.With sustainable fuels, carbon emissions are reduced by up to 80 percent. Before leaving the refinery to be put on the market, SAFs are blended with fossil fuels up to a maximum of 50 percent; Neste Oyj says its contain an average of 35-40 percent renewable fuel.
Read the article of Energia Oltre
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