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Aviation Fuel Supply Agreement

Neste Corporation, press release, September 23, 2020, at 11 .m. (EET) In a step that airlines are increasingly anticipating emission reductions, Neste and Shell Aviation have entered into a Sustainable Aviation Fuel Delivery Agreement (FAS). This agreement significantly increases the supply and availability of SAF for the aviation industry from October 2020. It combines Neste`s know-how in the production and supply of renewable diesel and SAF with shell Aviations leading references in the supply and management of fuels all over the world. Neste (NESTE, Nasdaq Helsinki) develops sustainable solutions for transportation, business and consumer needs. Our wide range of renewable products enables our customers to reduce climate emissions. We are the world`s largest producer of renewable diesel, refined from waste and residues, which also introduces renewable solutions for the aviation and plastics industry. We are also a technologically advanced demirest of high-quality petroleum products. We want to be a reliable partner with expertise, research and sustainable exploitation. In 2019, Neste`s turnover was 15.8 billion euros. In 2020, Neste finished 3rd in the World Ranking of 100 Most Sustainable Companies in the World. Read also: “To combat climate change and achieve net zero emissions, the aviation industry must act quickly. Shell Aviation aims to reduce the carbon intensity of the fuels we sell, including the sale of less carbon fuels such as sustainable aviation fuel over time.

Today`s agreement with Neste will help Shell`s aviation customers reduce their emissions and show the progress we can make in collaboration with others,” said Anna Mascolo, President, Shell Aviation. “The aviation industry is essential to global activity, which generates growth and facilitates economic recovery. It also allows people to travel and transport goods around the world quickly. But if we want to tackle air transport emissions, we need to use all available solutions. Saf offers the only viable alternative to liquid fossil fuels for the supply of electricity to commercial aircraft, with the immediate potential to reduce aviation greenhouse gas emissions. We are committed to supporting the aviation industry, its customers and businesses in their emissions reduction goals,” said Thorsten Lange, Executive Vice President Renewable Aviation at Neste. Susanna Sieppi Vice President, Communication (Act.) Please contact Neste`s media service, phone 358 50 458 5076 / (working days between 8.30am .m and 4pm .m EET).