Neste Oyj : enables Signature Aviation transition to offering only blended sustainable aviation fuel for all business aviation customers at its Los Angeles International Airport terminal

Neste Corporation, News, 14 May 2024

Photo: Signature Aviation

Enabled by its partnership with Neste, Signature Aviation, who operates the world's largest network of business aviation terminals, is now providing only blended Neste MY Sustainable Aviation Fuel™ to all aircraft refueling at its terminal at Los Angeles International Airport (LAX).

Since April 1, Signature's LAX terminal has become the second business aviation terminal worldwide, joining Signature's terminal at San Francisco International Airport, to offer only blended SAF to business aviation customers. The blended fuel provided by Signature to their customers at LAX consists of 30% SAF and 70% conventional jet fuel. This enables customers using the blended fuel to achieve up to a 24%* reduction in greenhouse gas (GHG) emissions from their air travel compared to flights powered by conventional fossil jet fuel.

"We are proud to continue to expand our collaboration with committed partners like Signature Aviation, who recognize the key role sustainable aviation fuel can play in reducing GHG emissions from air travel. Offering blended Neste MY Sustainable Aviation Fuel to all of its customers at LAX is a shining example of how the business aviation community can work together with fuel producers to accelerate SAF adoption and emission reductions," says Carrie Song, Senior Vice President Commercial, Renewable Products at Neste.

"This is a transformative time for Signature, and our partnership with Neste is helping us take another significant step towards net zero by providing a 100% supply of blended SAF at our Los Angeles location," said Derek DeCross, Chief Commercial Officer at Signature Aviation. "This collaboration exemplifies how we're working together with both our guests and our partners to accelerate the adoption of environmentally friendly practices and paving the way for a more sustainable future in aviation."

Today's announcement builds on the partnership between Signature and Neste to accelerate SAF adoption that dates back to 2020. In October 2022, Signature expanded the availability of Neste MY SAF to all of its locations in California enabled by Neste's growing SAF production and supply capabilities. Neste will increase its global SAF production capability to 515 million gallons of SAF (1.5 million metric tons) per annum in 2024 and has been working with industry partners to expand the availability of its renewable products. In 2023, Neste commissioned terminal capacity at Vopak's Los Angeles terminal in California for storing SAF and renewable diesel, enabling GHG emission reductions in the transportation sector and supporting the energy transition in the region.

Sustainable Aviation Fuel
Sustainable aviation fuel is a renewable aviation fuel providing a more sustainable alternative to conventional, fossil-based jet fuel. Neste's SAF is made from sustainably sourced, 100% renewable waste and residue raw materials, such as used cooking oil and animal fat waste. Using Neste MY Sustainable Aviation Fuel reduces greenhouse gas emissions by up to 80%* over the fuel's life cycle, compared to using conventional jet fuel. SAF is currently approved for use blended up to 50% with conventional jet fuel. It is blended with conventional jet fuel before use and works seamlessly with existing aircraft engines and fueling infrastructure.

*) Estimated based on an up to 80% emission reduction for the SAF when used in neat form (i.e. unblended). It is calculated with established life cycle assessment (LCA) methodologies, such as CORSIA methodology.

Further information: Please contact Neste's media service, tel. [phone] / [e-mail] (weekdays from 8.30 a.m. to 4.00 p.m. EET). Please subscribe to Neste's releases at https://www.neste.com/for-media/releases-and-news/subscribe.

Neste in brief

Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. The company refines waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials.

As the world's leading producer of sustainable aviation fuel and renewable diesel and a forerunner in developing renewable and circular feedstock solutions for polymers and chemicals, Neste helps its customers to reduce their greenhouse gas emissions by at least 20 million tons annually by 2030.

The company's ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe. Neste is committed to reaching carbon-neutral production by 2035, and will reduce the carbon emission intensity of sold products by 50% by 2040. Neste has also set high standards for biodiversity, human rights and the supply chain. The company has consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world's most sustainable companies. In 2023, Neste's revenue stood at EUR 22.9 billion. Read more: neste.com

About Signature Aviation

Signature Aviation is the world's preeminent aviation hospitality company, offering exceptional experiences and essential support services to business and private aviation guests. The company's large-scale infrastructure footprint enables travel, fosters human connection and is a critical global economic driver. Signature operates an industry-leading network of private aviation terminals, with over 200 locations covering key destinations in 27 countries across five continents and is the largest distributor of sustainable aviation fuel (SAF). The company also offers nearly 15 million square feet of carbon neutral multiuse office and hangar real estate globally, providing unique networkwide benefits and advantages to guests who base their aircraft at a Signature location. For more information, please visit www.signatureaviation.com.