World Fuel Services and Neste Sign Supply Agreement for Sustainable Aviation Fuel (SAF) USA - English USA - English

~ Global companies World Fuel Services (World Fuel) and Neste have recently signed an agreement to increase the accessibility of Sustainable Aviation Fuel (SAF) in Europe. This agreement will provide World Fuel with greater access to the limited supply of SAF available for European commercial, business, and general aviation customers.

The new supply agreement extends the already strong collaboration between the two companies, which brings together Neste's production capabilities with World Fuel's global distribution network and large customer base. With greater committed volumes of SAF from Neste under the new agreement, World Fuel has increased the number of European airports they can supply with SAF from 13 to over 40. This collaboration also paves the way for expanding the accessibility of SAF at more than 100 airport locations presently in World Fuel's European network.

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"Neste is fully committed to supporting the aviation industry to achieve its net zero carbon emissions goal," said Alexander Kueper, vice president EMEA from Neste's Renewable Aviation business unit. "Working closely with partners like World Fuel Services is crucial as it will help us accelerate the supply and usage of sustainable aviation fuel across World Fuel's extensive global network of airports."

Duncan Storey, vice president, Supply Aviation Europe at World Fuel Services commented: "We are excited to have created a framework that enables us to more reliably provide our customers across Europe with SAF in a timely and expedient manner. We are confident this agreement and deeper collaboration with Neste will serve to accelerate our ability to support customers in their decarbonization ambitions across the globe."

Since 2015, World Fuel has delivered nearly 40 million gallons of SAF to business and commercial aviation customers worldwide. The agreement with Neste will significantly impact the availability of SAF in Europe as it increases their annual production capability up to 1.5 million tons per annum by 2023. This initiative is another example of how World Fuel is working towards bringing renewable fuels and sustainable practices to a wider audience.
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