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Neste to Provide DHL with 105 Million Gallons of Sustainable Aviation Fuel

Oil refining company Neste will provide logistics provider DHL with approximately 105 million gallons of Neste's MY Sustainable Aviation Fuel during the next five years under an agreement announced Monday. 

In 2020, DHL Express became the first cargo operator to use Neste's SAF on flights departing from San Francisco International Airport and Amsterdam Airport. [Courtesy: DHL]
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Key Takeaways:

  • Neste has signed its largest Sustainable Aviation Fuel (SAF) contract to date, agreeing to provide DHL with approximately 105 million gallons of SAF over the next five years, expanding an existing partnership.
  • This landmark deal highlights the aviation industry's commitment to reducing emissions, with Neste's SAF being a critical "drop-in" solution made from waste materials that can cut greenhouse gas emissions by up to 80%.
  • Both companies emphasize that SAF is a cornerstone for the aviation industry to achieve net-zero emissions by 2050, despite the current supply challenges and the need for further expansion of production capacity by companies like Neste.
  • Industry leaders are urging governments worldwide to implement policies and frameworks, such as tax incentives, to accelerate the production and widespread adoption of SAF and address the existing supply gap.
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Oil refining company Neste (OTCMKTS: NTOIY) will provide logistics provider DHL (OTCMKTS: DPSGY) with approximately 105 million gallons of Neste’s MY Sustainable Aviation Fuel during the next five years under an agreement announced Monday. 

This is Neste’s largest sustainable aviation fuel (SAF) contract and one of the largest in the aviation industry. 

Michael Wildes

Michael Wildes holds a master’s degree in Logistics & Supply Chain Management, and a bachelor’s degree in Aeronautical Science, both from Embry-Riddle Aeronautical University. Previously, he worked at the university’s flight department as a Flight Check Airman, Assistant Training Manager, and Quality Assurance Mentor. He holds MEI, CFI & CFII ratings. Follow Michael on Twitter @Captainwildes.

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