Preem and SAS in Cooperation on Renewable Aviation Fuel

Preem and SAS have today signed a letter of intent to produce renewable aviation fuel, known as biojet / biofuel. SAS has the ambition to replace today's fuel volume for domestic airplanes with biojet / biofuel by 2030.

The letter of intent means that SAS and Preem will collaborate to jointly ensure the production of biojet / biofuel in connection with Preem's planned capacity expansion of the Gothenburg refinery. Preliminary estimated startup is 2022 and the total ethylene capacity for biofuels is estimated at over one million cubic meters, of which a subset can be Biojet / biofuel for aviation.

SAS has a clear strategy to reduce its climate-impact emissions on a long-term basis and intends to be among the leading airlines in the transition to lower climate impact. One of SAS's goals is to use biojet / biofuel corresponding to all domestic production biofuel by 2030.

"Preem's vision is to be a leader in the transition to a sustainable society, and we are actively working to develop our production of Swedish biofuels. We look forward to working with SAS to expand our production to include in a large scale biojet", says Sören Eriksson, development engineer at Preem.

"SAS's sustainability and restructuring work is about investing in more environmentally efficient aircraft, flying in an environmentally friendly manner, and using fuel based on renewable sources. This statement of intent is an important puzzle in our work towards a long-term more sustainable flight", says Lars Andersen Resare, SAS Sustainability Manager.

Preem has a product strategy to develop biofuels from residues from Swedish forests, but also from residues from society as a whole. Preem's goal is to produce three million cubic meters of biofuels by 2030.

By September 2018, the parties will meet a binding and more detailed cooperation agreement. If the continued work goes well, SAS and Preem intend to also agree on future long-term supply contracts for biojet / biofuel.

For further information, please contact:
Sören Eriksson, Development Engineer Preem, +46 70 450 11 05
Preem's Press Office, +46 70 450 10 01, press@preem.se
Lars Andersen Travel, SAS Sustainability Manager, +46 70 97 23 46
SAS Press Contact, + 46 8 797 29 44

Preem is the largest fuel company in Sweden. Our vision is to lead the transformation towards a sustainable society. Our two refineries are among the most modern and environmentally adapted in Europe, with a refining capacity of more than 18 million cubic meters of crude oil per year. Our business encompasses production, sales, distribution, trading and goods supply. We refine and sell petrol, diesel, heating oil and renewable fuels to companies and consumers in Sweden and Norway. Around two-thirds of our production is exported. We also have a nationwide service network with some 570 fuel stations for private and commercial traffic. Preem employs around 1,400 people, of which 950 work at the refineries. Preem had a turnover of SEK 69 billion in 2017. Read more at www.preem.se.

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Preem is the largest fuel company in Sweden. Our vision is to lead the transformation towards a sustainable society. Our two refineries are among the most modern and environmentally adapted in Europe, with a refining capacity of more than 18 million cubic meters of crude oil per year. Our business encompasses production, sales, distribution, trading and goods supply. We refine and sell petrol, diesel, heating oil and renewable fuels to companies and consumers in Sweden and Norway. Around two-thirds of our production is exported. We also have a nationwide service network with some 570 fuel stations for private and commercial traffic. Preem employs around 1,400 people, of which 950 work at the refineries. Preem had a turnover of SEK 69 billion in 2017. Read more at www.preem.com.

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Quotes

Preem's vision is to be a leader in the transition to a sustainable society, and we are actively working to develop our production of Swedish biofuels. We look forward to working with SAS to expand our production to include in a large scale biojet
Sören Eriksson, development engineer at Preem
SAS's sustainability and restructuring work is about investing in more environmentally efficient aircraft, flying in an environmentally friendly manner, and using fuel based on renewable sources. This statement of intent is an important puzzle in our work towards a long-term more sustainable flight
Lars Andersen Resare, SAS Sustainability Manager