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Neste says to work with Geneva Airport on renewable jet fuel mix

London (Platts)--13 Sep 2017 758 am EDT/1158 GMT


Finland-based refiner Neste Wednesday said it is to work with Geneva Airport on introduce renewable jet fuel for at least 1% of the annual jet fuel consumption from late 2018 onward.

The International Civil Aviation Organization has set a target that from 2020 onward the growth in aviation should be carbon-neutral.

Currently, the only viable alternative to fossil liquid fuels for powering commercial aircraft is sustainable renewable jet fuel, which is one the most efficient means of cutting greenhouse gas emissions, Neste said in the press release.

Geneva airport had 16.5 million passengers in 2016, and so represents a large potential for the renewable jet mix.

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"Neste MY Renewable Jet Fuel is Neste's sustainable solution for reducing CO2 emissions in aviation," Executive Vice President in the Renewable Product business area in Neste Kaisa Hietale said.

"We both share the common view that decreasing CO2 emissions in aviation is crucial to combating climate change," she added.

Previously the use of biofuels in aviation had been a talking point of the market, but a lack of mandates, and the increased cost left many market participants wary of this avenue.

This decision to incorporate renewable fuel in the jet fuel mix follows the RED II (Renewable Energy Directive) plans, set out by the European Commission in 2016 for the future of biofuels after 2020, state that all biofuels used as advanced aviation fuels will have their energy status counted at 1.2 times the normal level, to support their use.

At this point, these rules are merely a proposal and are expected to be finessed in 2018, market sources said.

The EU has had a bilateral agreement with Switzerland on air traffic, which was signed in 1999, and came into force on June 1, 2002.

--George Griffiths, george.griffiths@spglobal.com

--Edited by Jonathan Dart, jonathan.dart@spglobal.com



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