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Neste's output snafu dents net-zero aviation goals
  + stars: | 2023-07-27 | by ( ) www.reuters.com   time to read: +2 min
Neste’s production woes are a big headache for Chief Executive Matti Lehmus but also for the aviation sector. That includes up to 1 million tons of sustainable aviation fuel (SAF), which is key to make planes greener as it cuts carbon emissions by up to 80%. Neste is now predicting that it will produce 230,000 tons less of renewable diesel and sustainable aviation fuel in the second half of 2023. Neste's production problems will further complicate the aviation race to net zero. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Matti Lehmus, Pamela Barbaglia, Lisa Jucca, Streisand Neto Organizations: Reuters, Twitter, Thales, Thomson Locations: Singapore, Neste
We are just starting up our expansion here in Singapore," Lehmus said. Neste produces renewable fuels, mainly from waste and residues such as used cooking oil and animal fat from food industry waste. If it goes ahead, production of the renewable fuel could start in 2026 and be primarily used in its refinery’s processes, replacing fuel produced from fossil feedstocks, the company said. "Longer term, if the availability of green hydrogen can be scaled up, it offers then the possibility to also further convert green hydrogen into fuels or chemicals," added Lehmus. The production of synthetic fuels from green hydrogen and carbon dioxide hasn't been commercialised and is costly.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLots of interest in using sustainable aviation fuel in Asia, says renewable diesel firmMatti Lehmus, president and CEO of Neste, cites Singapore, Japan, Malaysia and New Zealand as examples in the Asia-Pacific region.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur R&D center in Singapore will help us build our network in the region: Renewable diesel firmMatti Lehmus, Neste's president and CEO, tells CNBC's Christine Tan about the Finnish refiner's plans and the role its Asia-Pacific research and development center can play for the company.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNeste CEO: Sustainable aviation fuel aids supply chain efficiencyMatti Lehmus, president and CEO at Neste, discusses how the company is helping to make the aviation industry more environmentally friendly.
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