Neste will modify its existing renewables production capacity in Rotterdam to enable production of Sustainable Aviation Fuel (SAF).
The modifications to the refinery, an investment of approximately €190 million, will enable Neste to optionally produce up to 500,000 tons of SAF per annum as part of the existing capacity.
Neste expects the project to be completed in the second half of 2023.
Together with the company’s ongoing Singapore refinery expansion, Neste will have the capacity to produce 1.5 million tons of SAF annually by the end of 2023. Currently Neste’s sustainable aviation fuel annual production capacity is 100,000 tons.
Peter Vanacker, president and CEO at Neste, said: “This SAF investment in Rotterdam is another important step for Neste in the execution of our growth strategy to become a global leader in renewable and circular solutions.
“We have made a commitment to support our customers to reduce greenhouse gas emissions by at least up to 20 million tons by 2030. And as the aviation industry is likely to resume on a growth trajectory after its recovery from the COVID-19 pandemic, there is a growing need and urgency to act on aviation-related emissions. Here sustainable aviation fuels offer considerable potential.”
“Aviation is at a turning point towards a more sustainable future,” added Thorsten Lange, executive vice president renewable aviation at Neste. “This extension of our SAF production capacity will support the aviation industry’s efforts to reduce its greenhouse gas emissions and the climate impact in the coming years.”
Popular News Stories
LATEST VIDEOHow sustainable aviation fuel (SAF) is making its way in the aviation sector