Neste, ITOCHU, GS Caltex Launch Sustainable Aviation Fuel in Japan

Neste, ITOCHU, GS Caltex Launch Sustainable Aviation Fuel in Japan

20 Sep, 2024

Neste, ITOCHU, GS Caltex Launch Sustainable Aviation Fuel in Japan

Neste, ITOCHU, and GS Caltex have made a significant advancement in sustainable aviation fuel (SAF) availability in Japan. They announced the first batch of CORSIA-eligible ISCC-certified SAF for purchase at Narita International Airport. This marks a pivotal moment, as it is the first instance of CORSIA-certified SAF being made available for airlines to buy at a commercial scale ahead of the mandatory phase starting in 2027.

Neste supplied over 1,000 tons of neat CORSIA-eligible SAF, which was blended with conventional jet fuel at GS Caltex’s refinery in Yeosu, South Korea. This collaboration not only establishes a local blending process but also facilitates transportation to Japan for use at Narita. The initial batch is intended for All Nippon Airlines (ANA) and Japan Airlines (JAL).

The introduction of SAF is crucial for reducing greenhouse gas emissions in aviation. With the support of local governments, this initiative aims to strengthen supply chains for SAF in the Asia-Pacific region. As the industry progresses towards decarbonization, partnerships like this are essential for ensuring a stable supply of sustainable fuels, ultimately contributing to the aviation sector's net-zero carbon emissions goal.

 


Related News

Biden's Steel Decision Sparks Concerns Within Japan's Business Community

08 Jan, 2025

The U.S. government’s decision to block Nippon Steel Corp.'s acquisition…
Read More
Ukraine, Japan Business Federation Strengthen Ties, Aim for Expanded Cooperation

17 Dec, 2024

For the first time in five years, the Ministry of…
Read More
Teva Announces Agreement to Divest Teva-Takeda Business Venture in Japan

06 Dec, 2024

Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) has entered…
Read More
IndiGo and Japan Airlines to Launch Codeshare Partnership Next Month

28 Nov, 2024

Japan Airlines and IndiGo are gearing up to launch their…
Read More
IBK Industrial Bank Partners with Japan's Mizuho Bank for Growth

21 Nov, 2024

 IBK Industrial Bank has entered into a significant business agreement…
Read More
Japanese Businesses Express Growing Pessimism Over China's Economic Prospects.

20 Nov, 2024

Japanese firms operating in China are growing increasingly pessimistic about…
Read More

© 2025 Business International News. All rights reserved | Powered by Cred Matters.