Neste Corp.
Feb 16, 20222 min
Neste Corp. and Itochu Corp. have expanded their partnership to grow the availability of sustainable aviation fuel (SAF) in Japan. In the expanded partnership, Itochu acts as the branded distributor of Neste MY Sustainable Aviation Fuel™ in Japan making Neste MY Sustainable Aviation Fuel available first at the two largest Japanese international airports: Tokyo Haneda and Narita.
In 2020, Neste, Itochu and All Nippon Airways started cooperating, establishing an SAF supply chain in Japan enabling Neste’s first SAF delivery into Asia to take place in Japan. Through their expanded partnership, Neste and Itochu are able to support other domestic and international airlines as well as other fuel suppliers at Haneda and Narita International Airports.
“The relationship between Neste and Itochu started in early 2010s when we collaborated on renewable diesel business in California, and we are very pleased to deepen the relationship further,” said Tsuyoshi Matsumoto, Itochu’s general manager of petroleum trading. “Now, the aviation industry is one of the frontrunners committed to reducing carbon footprint, and we are excited to contribute to their efforts by increasing availability of SAF in Japan in partnership with Neste.”
Sami Jauhiainen, an executive with Neste, added, “This partnership is a major step forward in making our sustainable aviation fuel available in the Japanese market. It underlines our commitment to working together with the aviation industry to achieve its emission reduction targets. We will have a global SAF production capacity of 1.5 million tons per annum by the end of 2023. That includes up to 1 million tons of SAF production capacity in our Singapore refinery, with the capacity expansion project scheduled for start-up by the end of the first quarter of 2023. We are ready to support the Japanese and broader Asia-Pacific aviation markets in driving emission reductions.”
Recently, the Ministry of Land, Infrastructure, Transport and Tourism of Japan submitted a roadmap to the study group on CO2 reduction from aircraft, recommending a target of replacing 10 percent of jet fuels consumed by Japanese airlines by 2030 with SAF.