Neste, ITOCHU expand partnership to grow the availability of SAF in Japan
Neste and ITOCHU Corporation have expanded their partnership to grow the availability of sustainable aviation fuel (SAF) in Japan. In the expanded partnership, ITOCHU acts as the branded distributor of Neste MY Sustainable Aviation Fuel in Japan making Neste MY Sustainable Aviation Fuel available first at the two largest Japanese international airports; Tokyo Haneda and Narita.
Already in 2020, Neste, ITOCHU and All Nippon Airways started cooperating, establishing a SAF supply chain in Japan enabling Neste’s first SAF delivery into Asia to take place in Japan. Through their expanded partnership, Neste and ITOCHU are able to support other domestic and international airlines as well as other fuel suppliers at Haneda and Narita International Airports, going forward.
"The relationship between Neste and ITOCHU started in early 2010s when we collaborated on (a) renewable diesel business in California, and we are very pleased to deepen the relationship further. Now, the aviation industry is one of the frontrunners committed to reducing carbon footprint, and we are excited to contribute to their efforts by increasing availability of SAF in Japan in partnership with Neste," said Tsuyoshi Matsumoto, ITOCHU’s General Manager of the Petroleum Trading Department.
“This partnership is a major step forward in making our SAF available in the Japanese market. It underlines our commitment to working together with the aviation industry to achieve its emission reduction targets. We will have a global SAF production capacity of 1.5 MMtpy by the end of 2023. That includes up to 1 MMt of SAF production capacity in our Singapore refinery, with the capacity expansion project scheduled for start-up by the end of the first quarter of 2023. We are ready to support the Japanese and broader Asia-Pacific aviation markets in driving emission reductions,” said Sami Jauhiainen, Neste’s Vice President APAC, Renewable Aviation.
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