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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 and DHL have signed a landmark agreement for Neste to supply approximately 105 million gallons of Sustainable Aviation Fuel (SAF) to DHL over the next five years, marking Neste's largest SAF contract to date.
  • This deal strengthens an ongoing partnership, aiming to significantly reduce aviation emissions and contribute to the industry's long-term goals of achieving net-zero emissions by 2050.
  • Neste is a leading producer of "drop-in" SAF from waste materials, which can reduce greenhouse gas emissions by up to 80% and requires no modifications to existing aircraft engines, with the company expanding its production capacity to meet rising demand.
  • Industry leaders are advocating for increased government support and favorable policies globally to accelerate the production and market adoption of SAF.
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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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