FedEx “demonstrating how this industry can leverage available lower-emission solutions like SAF”
Neste and FedEx have agreed on the supply of 8,800 metric tons (more than three million gallons) of blended Neste MY Sustainable Aviation Fuel™ to FedEx at Los Angeles International Airport (LAX).It is the largest SAF purchase by a U.S. cargo airline at LAX to-date. The fuel blend purchase will account for roughly a fifth of all jet fuel consumed annually by FedEx at LAX*.This fuel purchase by FedEx marks the first major U.S. SAF deployment by FedEx and builds upon years of the company’s efforts to co-create innovative sustainable aviation technologies with other industry leaders. Through this agreement, FedEx has purchased blended fuel from Neste that includes a minimum of 30% neat, i.e. unblended Neste MY Sustainable Aviation Fuel. Delivery of the fuel began in May 2025 and will continue for one year.“Procuring SAF is an important component of our aviation emissions reduction strategy in the coming years, and we are pleased to have executed a deal with Neste to begin using this fuel in our air operations,” said Karen Blanks Ellis, Chief Sustainability Officer and Vice President of Environmental Affairs, FedEx. “Our aviation network represents the largest amount of FedEx fuel use globally and, as a result, is our biggest opportunity to drive down emissions. As we work toward our goal of carbon-neural operations by 2040, we need the SAF market to continue to grow to meet industry demand.”“Neste is excited to work with FedEx and support their ambitious goal of reaching carbon-neutral operations by 2040 with our SAF. Recognizing the important role of air cargo in the global economy, FedEx is demonstrating how this industry can leverage available lower-emission solutions like SAF to reduce its environmental impact. We look forward to further strengthening our cooperation,” says Carl Nyberg, Senior Vice President, Commercial, Renewable Products at Neste.Sustainable aviation fuelSustainable 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 100% renewable waste and residue raw materials, such as used cooking oil and animal fat waste. SAF is certified for commercial use and can currently be blended up to 50% with conventional jet fuel before use and works seamlessly with existing aircraft engines and fueling infrastructure. Today, Neste’s global SAF production capability is 1.5 million tons (around 515 million gallons) per annum.Weiter zum vollständigen Artikel bei Post&Parcel
Quelle: Post&Parcel
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Datum | Rating | Analyst | |
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19.12.2024 | FedEx Market-Perform | Bernstein Research | |
26.06.2024 | FedEx Equal-weight | Morgan Stanley | |
22.03.2024 | FedEx Neutral | JP Morgan Chase & Co. | |
21.12.2023 | FedEx Neutral | JP Morgan Chase & Co. | |
20.12.2023 | FedEx Neutral | JP Morgan Chase & Co. |
Datum | Rating | Analyst | |
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25.06.2021 | FedEx Verkaufen | DZ BANK | |
18.12.2020 | FedEx Verkaufen | DZ BANK | |
18.09.2019 | FedEx Verkaufen | DZ BANK | |
10.12.2008 | FedEx Downgrade | Merrill Lynch & Co., Inc. |
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