In the United States (US), independent aviation fuel supplier Avfuel Corporation and Finland-headed oil refiner and renewable products major Neste Oyj have finalized a partnership extension that keeps the companies at the forefront of sustainable aviation fuel (SAF) supply for business aviation, cementing their leadership positions in the sustainable space.
The agreement extends the companies’ partnership in 2024 and it sets the framework till December 2027, continuing their work on enhancing access to “Neste MY Sustainable Aviation Fuel” for business aviators, from corporate flight departments and fixed base operators (FBOs), to major original equipment manufacturers (OEMs).
Exponential growth
Since the inception 2021 of the partnership, Avfuel’s uptake of SAF has experienced exponential growth, tripling each year.
In line with this trend, Avfuel will triple its offtake from Neste again in 2024 and expects this trajectory to persist in the coming years.
The new agreement extension with Neste will accommodate this rapid growth, ensuring a stable, sustainable supply chain for Avfuel and its fuel-consuming customers.
We are proud to not only continue our partnership with Neste but also immensely grow its scope with greater product access. This agreement underscores our mutual commitment to reducing emissions and advancing the adoption of eco-friendly solutions in aviation, said Keith Sawyer, Manager of Alternative Fuels at Avfuel.
Source from both terminals
The supply agreement extension comes at a pivotal moment – Neste began supplying SAF out of its terminal capacity in Los Angeles earlier this month.
This new terminal location enhances access to SAF in terms of volume and geography, bolstering Avfuel’s ability to supply the sustainable option across the western United States.
Avfuel will source SAF from both Neste terminals in northern and southern California (CA), expanding supply to new markets and states.
We are proud to extend our partnership with Avfuel and enable its customers to reduce the emissions from their air travel by using Neste MY Sustainable Aviation Fuel. Neste is fully committed to supporting the aviation industry in reducing greenhouse gas emissions by working closely together with partners like Avfuel, and we look forward to continuing to work together as we expand our SAF production and supply capabilities, said Alexander Kueper, VP of Renewable Aviation at Neste.
