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According to a recent industry report by UnivDatos, the “North America Sustainable Aviation Fuel Market” is projected to reach USD 13,794.21 million by 2032, growing at a CAGR of 32.8% from 2024 to 2032.
While the entire aviation industry worldwide struggles to find ways to decrease greenhouse gas emissions and combat climate change, sustainable aviation fuel (SAF) has become a promising answer. Renewable energy and circular economy expert Neste are well positioned within this evolving paradigm shift and plays a leading role in advancing the development of SAF.
“THE POWER OF SUSTAINABLE AVIATION FUEL”
Sustainable Aviation Fuel is a biofuel that is approved for usage in aviation and is blended with traditional jet fuel as it is produced from waste and residue feedstocks, including used cooking oil, animal fats, and vegetable oils. SAF is produced by Neste and defines a set of biofuels that specifically reduce GHG emissions with the possible outcome of 80% less emissions than conventional jet fuel. Thus, it is an essential instrument in the aviation industry's fight against climate change.
“NESTE'S SAF PORTFOLIO”
Neste's SAF solutions are designed to meet the diverse needs of the aviation industry:
Neste MY Sustainable Aviation Fuel: Neste's flagship SAF product is a high-quality, low-carbon fuel that meets the stringent standards of the aviation industry.
Renewable Diesel: Neste's renewable diesel is a drop-in solution for existing aircraft engines, providing a seamless transition to a more sustainable fuel option.
“NESTE'S SAF INITIATIVES AND INVESTMENTS”
Neste has been at the forefront of the SAF revolution, continuously expanding its production capacity and forging strategic partnerships to make sustainable aviation fuel more accessible and widely adopted.
Access sample report (including graphs, charts, and figures) - https://univdatos.com/reports/north-america-sustainable-aviation-fuel-market?popup=report-enquiry
Capacity Expansion: In 2022, Neste revealed its aim to bring SAF production capacity up to 1 million. It aims to produce 5 million tons per annum by 2025, a great stretch from its current production of one hundred and thousand (100000) tons per year. This expansion will be crucial in SAF’s capacity to deliver on the increased calls for carbon reduction measures from airline companies and governments within the aviation industry.
Renewable Feedstock Investments: Neste has placed great emphasis on sourcing renewable feedstocks to build an energy portfolio as it extends its SAF production. In 2021, the company bought Bunge’s oilseed processing point in the Netherlands, which would provide it with access to sustainable raw materials.
Renewable Diesel Expansion (2022): Neste announced plans to increase its renewable diesel production capacity to 3.3 million tons annually by 2025, further strengthening its position as a global leader in renewable fuel solutions.
Collaborations and Partnerships: Neste has fostered numerous strategic partnerships with airlines, fuel suppliers, and industry organizations to accelerate the adoption of SAF. These collaborations have resulted in successful SAF-powered flights, pilot projects, and the expansion of SAF infrastructure at airports across the globe. For instance, in 2023, Neste and United Airlines announced that the airline’s departure from San Francisco International Airport (SFO) will be fueled by a blend of Neste MY Sustainable Aviation Fuel™. Neste will supply 1.5 million gallons (4,500 metric tons) of sustainable aviation fuel (SAF) to United in the U.S., building on the announcement last year of providing 2.5 million gallons (7,500 metric tons) of SAF to the airline at Amsterdam Airport in the Netherlands.
In 2024, Avfuel Corporation and Neste 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 sustainable space. The agreement extends the companies’ partnership in 2024. It sets the framework for December 2027, continuing their work on enhancing access to Neste MY Sustainable Aviation FuelTM for business aviators, from corporate flight departments and FBOs to major OEMs.
“CONCLUSION”
Sustainability in the context of aviation remains a concern due to the ever-evolving increased carbon footprint and other negative effects on the natural environment, and proof of innovative sustainability as displayed by Neste through the Sustainable Aviation Fuel can go a long way in revolutionizing sustainable practices in the expanding innovative field of aviation. Neste has already demonstrated its commitment to the aviation industry and its preparedness to advance the implementation of sustainable change with record capacity expansions, strategic investments in aviation renewable biofuels, and effective collaborations with key industry players. With the steady burgeoning of the environment-friendly aviation, incorporating SAF in air travel, therefore, is a fundamental key toward shaping a low-carbon aviation industry by enlarging solutions by Neste.
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