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Business Air News Bulletin
Business Air News Bulletin
The monthly news publication for aviation professionals.

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Avfuel and Neste ink extension of SAF supply agreement
Avfuel expects to exponentially grow its SAF offtake from Neste, and this agreement secures access to the supply chain over the next three years.
Avfuel will triple its offtake from Neste again in 2024.
Read this story in our April 2024 printed issue.

Avfuel Corporation and Neste have finalised a partnership extension, through to December 2027, continuing their work on enhancing access to Neste MY Sustainable Aviation Fuel for business aviators.

Since the inception of the partnership in 2021, Avfuel's uptake of SAF has tripled 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 years to come. The new agreement with Neste will accommodate this rapid growth, ensuring a stable, sustainable supply chain for Avfuel and its fuel-consuming customers.

Neste began supplying SAF out of its terminal capacity in Los Angeles earlier this month, and this new terminal location enhances access to the fuel in terms of both volume and geography across the western United States. Avfuel will source SAF from both of Neste's terminals in northern and southern California, expanding supply to new markets and states.

Keith Sawyer, Avfuel manager of alternative fuels, says: "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."

Alexander Kueper, vice president, renewable aviation at Neste, adds: "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."

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