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Neste's newly-commissioned terminal capacity in Houston, Texas expands availability of Neste's sustainable aviation fuel at airports in the central and eastern parts of the U.S.

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Neste has commissioned terminal capacity at ONEOK's terminal in Houston, Texas for blending and storing Neste MY Sustainable Aviation Fuel™. This expansion provides storage capacity of up to 100,000 tons (around 33.5 million gallons) and is directly connected to the energy pipeline infrastructure in the eastern U.S. The move aims to expand SAF availability to airlines operating from airports east of the Rocky Mountains to the East Coast.

This development follows Neste's previous demonstrations of SAF supply capabilities, including to New York's LaGuardia Airport in 2021 and expanded capabilities on the West Coast in 2023. Neste's SAF reduces greenhouse gas emissions by up to 80% over its life cycle compared to conventional jet fuel and is made from sustainably sourced, 100% renewable waste and residue raw materials.

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Positive

  • Expansion of SAF supply capabilities to central and eastern U.S. airports
  • New storage capacity of up to 100,000 tons (33.5 million gallons) at ONEOK's Houston terminal
  • Direct connection to eastern U.S. energy pipeline infrastructure
  • Neste's SAF reduces greenhouse gas emissions by up to 80% compared to conventional jet fuel

Negative

  • None.

News Market Reaction 1 Alert

+2.36% News Effect

On the day this news was published, NTOIY gained 2.36%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Neste Corporation, News, 24 July 2024

ESPOO, Finland, July 24, 2024 /PRNewswire/ -- Neste has commissioned terminal capacity at ONEOK's terminal in Houston, Texas for blending and storing Neste MY Sustainable Aviation Fuel™. This is a major step in further expanding the availability of Neste's SAF to airlines also operating from airports east of the Rocky Mountains all the way to the East Coast.

The new capacity at ONEOK's terminal in Houston provides Neste with storage capacity of up to 100,000 tons (around 33.5 million gallons) and is directly connected to the energy pipeline infrastructure in the eastern part of the U.S. Already in 2021, Neste demonstrated its ability to supply SAF to New York's LaGuardia Airport using existing fuel distribution infrastructure. In September 2023, Neste also expanded its capability to supply renewable fuels to customers on the West Coast, commissioning terminal capacity in Los Angeles, California.

"Neste is fully committed to supporting the U.S. aviation industry in its efforts to decarbonize. This expansion of our SAF supply capabilities working together with partners such as ONEOK along the fuel supply chain, underlines this commitment. It provides a reliable basis for supplying SAF to domestic and visiting airlines at airports across the eastern part of the country as well as a solid base for supporting policies on state, federal, and local levels in the U.S.," says Alexander Kueper, Vice President, Renewable Aviation Business at Neste.

"ONEOK is excited to deliver the energy products the world needs today, while innovating for tomorrow. As a valued partner providing critical energy to the aviation industry, we're proud to utilize our extensive infrastructure platform to facilitate growth within the sustainable fuels markets," said Greg Lusardi, senior vice president, corporate development at ONEOK, one of the largest diversified energy infrastructure companies in the U.S.

Sustainable Aviation Fuel
Sustainable aviation fuel is a renewable aviation fuel providing a more sustainable alternative to conventional, fossil-based jet fuel. Using Neste MY Sustainable Aviation Fuel™ reduces greenhouse gas emissions by up to 80%* over the fuel's life cycle, compared to using conventional jet fuel. Neste's SAF is made from sustainably sourced, 100% renewable waste and residue raw materials, such as used cooking oil and animal fat waste. SAF is blended with conventional jet fuel before use and works seamlessly with existing aircraft engines and fueling infrastructure. 

*) When used in neat form (i.e. unblended) and calculated with established life cycle assessment (LCA) methodologies, such as CORSIA methodology

Further information: 

Neste: Please contact Neste's media service, tel. +358 800 94025 / media@neste.com (weekdays from 8.30 a.m. to 4.00 p.m. EET). Please subscribe to Neste's releases at https://www.neste.com/for-media/releases-and-news/subscribe.

ONEOK: Please contact ONEOK's media service, media@ONEOK.com.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/neste/r/neste-s-newly-commissioned-terminal-capacity-in-houston--texas-expands-availability-of-neste-s-susta,c4018252

The following files are available for download:

https://news.cision.com/neste/i/oneok-galena-park-terminal-houston---photo-courtesy-of-oneok,c3321449

ONEOK Galena Park Terminal Houston - Photo courtesy of ONEOK

Cision View original content:https://www.prnewswire.com/news-releases/nestes-newly-commissioned-terminal-capacity-in-houston-texas-expands-availability-of-nestes-sustainable-aviation-fuel-at-airports-in-the-central-and-eastern-parts-of-the-us-302205492.html

SOURCE Neste

FAQ

What is the new storage capacity for Neste's SAF at ONEOK's Houston terminal?

Neste has commissioned storage capacity of up to 100,000 tons (approximately 33.5 million gallons) for its Sustainable Aviation Fuel at ONEOK's terminal in Houston, Texas.

How does Neste's SAF impact greenhouse gas emissions compared to conventional jet fuel?

Neste MY Sustainable Aviation Fuel™ reduces greenhouse gas emissions by up to 80% over the fuel's life cycle when compared to using conventional jet fuel.

What raw materials are used to produce Neste's Sustainable Aviation Fuel?

Neste's SAF is made from sustainably sourced, 100% renewable waste and residue raw materials, such as used cooking oil and animal fat waste.

How will the new terminal capacity in Houston affect Neste's SAF distribution in the U.S.?

The new capacity will expand the availability of Neste's SAF to airlines operating from airports in the central and eastern parts of the U.S., from the Rocky Mountains to the East Coast.
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