Neste sees SAF demand passing 12M tons annually by 2030

September 23, 2021 |

In Finland, Neste says sustainable aviation is a high growth and very attractive market as regulations and voluntary demand scale up, and it expects the global SAF demand to exceed 12 million ton/a by 2030. Neste plans to support market growth with 1.5 million tons/a planned capacity already available by the end of 2023 and aims to grow its capacity even further to be able to serve sustainability minded aviation customers.

In Renewable Polymers and Chemicals, Neste sees the size of the addressable market to be over 100 million tons/a in 2030. In Renewable Road Transportation, it sees the global renewable diesel demand has potential to exceed 30 million ton/a by 2030. 

Neste’s ambition is to make Porvoo the most sustainable refinery in Europe by 2030. That will be achieved by reducing the refinery’s GHG emissions by 50% by 2030 and reaching carbon neutral production by 2035. It also aims to increase the share of renewable and circular feedstock to over 10% of the refinery feed by 2030.

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Category: Fuels

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