Neste and American Airlines Collaborate to Explore Opportunities for Renewable Fuel Use
Neste, the world's leading producer of renewable diesel, and American Airlines, the world's largest airline, have entered into an agreement to explore opportunities to further reduce American's environmental footprint through the use of Neste's renewable fuels.
One goal of the cooperation will be complementary efforts to facilitate acceptance and commercialization of High Freeze Point HEFA (HFP-HEFA) renewable jet fuel which is currently under consideration for approval by ASTM International, a globally recognized leader in the development and delivery of voluntary consensus standards for a range of industries.
- Together, Neste and American Airlines are evaluating in-flight and on-the-ground opportunities for mutually beneficial cooperation and collaboration, says Kaisa Hietala, Neste's Executive Vice President of Renewable Products.
- We share a common view that innovative low-carbon solutions are needed to help the aviation industry meet its greenhouse gas emission reduction goals, and renewable jet fuel is an important part of the solution.
- We are excited about the continued progress in the renewable fuels industry, said Steve Johnson, American's Executive Vice President of Corporate Affairs, who announced the cooperation between Neste and American Airlines at the Airports Going Green conference this week in Dallas.
- We believe commercially viable renewable fuels have the potential to play an important role in helping American further reduce emissions beyond our significant investment in fuel efficient aircraft.
The aviation industry has set ambitious targets to mitigate greenhouse gas emissions from air transportation, including carbon-neutral growth from 2020 and beyond, and a 50 percent reduction of net aviation CO2 emissions by 2050. Currently, sustainable renewable jet fuel offers the only viable alternative to fossil liquid fuels for powering commercial aircraft.
American Airlines has already taken steps to reduce its carbon footprint with an unprecedented fleet renewal program. By the end of 2017, American will have invested more than $18 billion and introduced 496 new aircraft into its fleet since the merger, while retiring 469 older aircraft - giving American the youngest fleet of the U.S. network carriers.
Neste's renewable jet fuel technology is proven. Its quality standards, aircraft engine performance, and storage stability and integrity have been tested and followed in thousands of commercial flights. Neste MY Renewable Jet Fuel(TM) provides distinct advantages to its customers by decreasing their environmental footprint. The product is made from renewable and sustainable raw materials and significantly reduces life-cycle greenhouse gas emissions.
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