en.Wedoany.com Reported - Neste and World Fuel Services have signed a new five-year agreement to expand the supply of sustainable aviation fuel (SAF) in Europe. Under the renewed partnership, Neste will supply SAF to over 100 airports within World Fuel's network in the UK and across Europe. This collaboration enhances fuel supply security for commercial, business, and general aviation customers, and helps meet key regulatory requirements such as the ReFuelEU Aviation Regulation and the UK SAF mandate.
The agreement builds on the long-standing relationship between the two companies. By combining World Fuel's established distribution infrastructure with Neste's growing SAF production capacity, the partnership aims to provide the aviation industry with scalable and reliable low-carbon fuel solutions. Central to this supply strategy is Neste's renewable fuels refinery in Rotterdam, the Netherlands, which currently produces up to 500,000 metric tons of SAF annually. Neste is further expanding its global SAF capacity, planning to increase annual production from 1.5 million to 2.2 million metric tons by 2027, solidifying its position as a leading market supplier.
Duncan Storey, Senior Vice President for Europe, Middle East, and Africa at World Fuel, stated that as regulatory requirements increase across Europe, the expanded agreement strengthens the company's ability to provide a stable supply of SAF. Carl Nyberg, Senior Vice President of Commercial for Renewable Products at Neste, emphasized that such strategic collaborations are crucial for helping the aviation industry reduce greenhouse gas emissions and meet evolving SAF mandates. He noted that leveraging World Fuel's extensive airport network will enhance the availability and flexibility of SAF for airlines operating in the region.
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