Neste supplies sustainable aviation fuel to Hotelplan Group via the Neste Impact emission reduction solution
Neste Corporation, News, 2 July 2024
Source: Neste
Neste will supply sustainable aviation fuel (SAF) to Hotelplan Group, a globally active Swiss travel group in the leisure and business travel sector, to enable Hotelplan to expand the use of SAF across the whole group. Hotelplan purchases unblended, i.e. “neat”, sustainable aviation fuel for a total value of 300,000 Swiss Francs (CHF) via Neste Impact, a solution that enables companies to credibly reduce the carbon footprint of air travel activities.
The purchase of Neste’s SAF is a next step in Hotelplan Group’s broader sustainability strategy, that includes promoting the use of SAF and the removal of CO2 from the atmosphere via innovative technologies such as direct air capture. Flights taken by Hotelplan Group’s customers are the main source of its greenhouse gas (CO2e) emissions, accounting for 87% of such emissions. The SAF purchase from Neste will help Hotelplan Group expand the availability of SAF to its customers as part of booking trips with flights to enable them to choose to travel more sustainably. Hotelplan Group also uses SAF for some of its own business trips.
“We don’t yet have all the answers to the issues related to more sustainable development of tourism. But we are adopting a proactive approach to develop our sustainability strategy, focusing on innovative solutions and actively seeking ways to assume responsibility. SAF is currently only available in limited quantities and is more expensive to produce than conventional jet fuel. By purchasing for the entire Hotelplan Group, we can secure larger volumes of SAF and make it available to our customers. This will also allow us to support the ongoing development and scaling of this innovative technology,” said Laura Meyer, CEO of Hotelplan Group.
“We are excited Hotelplan Group is purchasing SAF via our Neste Impact solution, enabling them to reduce the greenhouse gas emissions from their aviation activities and to offer their customers a lower-emission alternative for traveling for business or leisure. Neste Impact provides Hotelplan a solution ensuring emissions are credibly reduced, which is important considering the ever-increasing reporting requirements and public demand for transparency,” said Kimmo Salminen, Vice President, Market Development & Strategy at Neste’s Renewable Products business.
Neste Impact
Neste Impact offers businesses a solution to reduce their aviation emissions by purchasing Neste MY Sustainable Aviation Fuel™. Neste Impact follows a book and claim approach and ensures the SAF purchased is used in the aviation sector to replace fossil jet fuel. Using Neste MY SAF reduces greenhouse gas emissions (GHG) by up to 80%* over the fuel’s life cycle compared to using fossil jet fuel. It is made from used cooking oil and animal fat waste, 100% renewable waste and residue raw materials that are sustainably sourced. The emission reduction achieved by using SAF is third-party verified and further validated through the ISCC SAF credit registry, enabling businesses to credibly report the achieved reductions towards their science based targets or similar sustainability targets.
*) 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.
Hotelplan: Please contact Muriel Wolf Landau, Head of Communication, tel. +41 43 211 85 12 / muriel.wolf@hotelplan.com
Neste in brief
Neste (NESTE, Nasdaq Helsinki) uses science and innovative technology to transform waste and other resources into renewable fuels and circular raw materials. The company creates solutions for combating climate change and accelerating a shift to a circular economy. Being the world’s leading producer of sustainable aviation fuel (SAF) and renewable diesel and a forerunner in developing renewable and circular feedstock solutions for polymers and chemicals, the company aims to help its customers to reduce their greenhouse gas emissions by at least 20 million tons annually by 2030.
The company’s ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe. Neste is committed to reaching carbon-neutral production by 2035, and will reduce the carbon emission intensity of sold products by 50% by 2040. Neste has also set high standards for biodiversity, human rights and the supply chain. The company has consistently been included in the CDP and the Global 100 lists of the world’s most sustainable companies. In 2023, Neste's revenue stood at EUR 22.9 billion. Read more: neste.com
Hotelplan in brief
Hotelplan Group is an internationally active Swiss travel group with annual sales of CHF 1,730.7 million (2023). In five business units, around 2,500 travel-loving employees in 18 countries work every day to create exceptional travel experiences for customers – with a focus on outstanding customer experience and sustainability. The international brand portfolio in the leisure travel segment includes the city break and beach holiday brands Hotelplan, Migros Ferien, vtours, the specialist brands travelhouse, tourisme pour tous, Inghams, Inntravel, Santa's Lapland, Explore Worldwide and the holiday rental brand Interhome. In the business travel sector, Hotelplan Group is represented by the two business travel specialists bta first travel and Finass Reisen. The Hotelplan Group is wholly owned by the Migros Genossenschafts-Bund, Switzerland's largest retail organization.
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