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04-08-2022

Neste and HELLENIC PETROLEUM Group to supply sustainable aviation fuel in Greece and to Aegean Airlines

Neste and HELLENIC PETROLEUM Group have entered into an agreement for the commercial distribution of Neste MY Sustainable Aviation Fuel on flights by Aegean Airlines, the leading air carrier in Greece. 

HELLENIC PETROLEUM Group, through its subsidiary EKO, will ensure the supply of Neste-produced sustainable aviation fuel (SAF) on AEGEAN flights departing from its Thessaloniki Airport “Makedonia” hub. Flights from Athens International Airport are expected to follow soon. 

This agreement brings together HELLENIC PETROLEUM Group’s expertise in the supply and distribution of jet fuel with Neste’s expertise in the production and supply of SAF to provide safe and reliable supply in Greece. SAF is recognized globally as the most feasible option to reduce the aviation sector’s carbon emissions in the near term. 

The agreement is in line with HELLENIC PETROLEUM Group’s strategic goal to become a provider of low-carbon energy solutions and to reduce its carbon footprint by 50% by 2030, while facilitating airlines and airports to align in a proactive manner with the upcoming European Union SAF targets by 2025.

Neste MY Sustainable Aviation Fuel is produced 100% from sustainably-sourced, renewable waste and residue raw materials, such as used cooking oil and animal fat waste. In its neat form and over the life cycle, Neste MY Sustainable Aviation Fuel reduces greenhouse gas emissions by up to 80%* compared to fossil jet fuel use.

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