Published on : Thursday, February 17, 2022
Neste and ITOCHU Corporation have expanded their partnership to grow the availability of sustainable aviation fuel (SAF) in Japan.
Neste, ITOCHU and All Nippon Airways started cooperating in 2020, establishing a SAF supply chain in Japan enabling Neste’s first SAF delivery into Asia to take place in Japan.
Tsuyoshi Matsumoto, ITOCHU’s general manager of Petroleum Trading Department said that the relationship between Neste and ITOCHU started in early 2010s when they collaborated on renewable diesel business in California, and they are very pleased to deepen the relationship further.
Now, the aviation industry is one of the frontrunners committed to reducing carbon footprint, and we are excited to contribute to their efforts by increasing availability of SAF in Japan in partnership with Neste.
This partnership is a major step forward in making our SAF available in the Japanese market. It underlines our commitment to working together with the aviation industry to achieve its emission reduction targets.
They will have a global SAF production capacity of 1.5 million tonnes per annum by the end of 2023.
That includes up to 1 million tonnes of SAF production capacity in our Singapore refinery, with the capacity expansion project scheduled for start-up by the end of the first quarter of 2023.
Sami Jauhiainen, Neste’s Vice President APAC, Renewable Aviation added that they are ready to support the Japanese and broader Asia-Pacific aviation markets in driving emission reductions.
Recently, the Ministry of Land, Infrastructure, Transport and Tourism of Japan submitted a roadmap to the Study Group on CO2 reduction from aircraft, recommending a target of replacing 10% of jet fuels consumed by Japanese airlines by 2030 with SAF.