Neste invests in AFS fuel storage company to enable supply of Sustainable Aviation Fuel at Amsterdam Airport Schiphol
Neste, the world’s leading provider of renewable diesel and sustainable aviation fuel, has acquired a minority stake in Aircraft Fuel Supply B.V. (AFS). AFS is the owner and operator of the Amsterdam Airport Schiphol fuel storage company.
Through its share in AFS, Neste is able to offer to airlines operating at Amsterdam Airport Schiphol in the Netherlands ongoing supply of Neste MY Sustainable Aviation Fuel with immediate effect. Neste’s SAF is made from sustainably sourced, renewable waste and residue raw materials. Typically, in its neat form and over the life cycle, its use can reduce up to 80%* of greenhouse gas emissions compared to fossil jet fuel use.
Neste MY Sustainable Aviation Fuel gives an immediate solution for reducing the direct greenhouse gas emissions of flying. It can be used as a drop-in fuel with existing aircraft engines and airport infrastructure, requiring no extra investment. Prior to use, Neste MY Sustainable Aviation Fuel is blended with fossil jet fuel and is then certified to meet ASTM jet fuel specifications.
Neste and Amsterdam Airport Schiphol are both contributors to the Clean Skies for Tomorrow Initiative: A joint policy proposal to accelerate the deployment of sustainable aviation fuels in Europe, in collaboration with the Energy Transitions Commission and World Economic Forum.
Neste’s sustainable aviation fuel annual capacity is currently 100,000 tons. With Neste’s Singapore refinery expansion on the way, and with possible additional investment into the Rotterdam refinery, Neste will have the capacity to produce some 1.5 million tons of sustainable aviation fuel annually by 2023.
The fuel is already available, used in the market and supplied to various commercial airlines, business aviation customers and at various airports in Europe and North America.