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World Fuel, Neste Strike Sustainable Aviation Fuel Supply Deal
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With Neste incresing its SAF output, World Fuel Services has signed a new agreement giving it a larger supply to distribute.
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With Neste incresing its SAF output, World Fuel Services has signed a new agreement giving it a larger supply to distribute.
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With the availability of sustainable aviation fuel (SAF) in Europe a chokepoint in its widespread adoption, World Fuel Services (WFS) and Neste have signed an agreement that will increase the former’s supply of SAF available to distribute. “We are excited to expand our collaboration with World Fuel as we increase our annual [SAF] production capacity to 1.5 million tons per annum by the end of 2023,” said Alexander Kueper, Neste’s v-p for the EMEA region in the company’s renewable aviation business unit.

Under the agreement, WFS predicts a 20-fold increase in the volume of SAF it will deliver this year versus 2022 as it expands the number of European airports where it can now supply SAF from 13 to more than 40. Further leveraging of WFS’s distribution network could pave the way to providing accessibility of SAF at the more than 100 locations in its European network, it added.

“We...have created a framework that enables us to more reliably provide our customers across Europe with SAF in a timely and expedient manner,” explained Duncan Storey, WFS’s v-p of European aviation supply. “We are confident this agreement and deeper collaboration with Neste will serve to accelerate our ability to support customers in their decarbonization ambitions across the globe.”

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