- Memorandum of Understanding to supply Sustainable Aviation Fuel (SAF) from 2025
- Enables Wizz Air to purchase 36,000 tons of SAF from Neste to supply operations across Europe and the UK
- Co-operation reaffirms Wizz Air’s ambitious sustainability commitment
Wizz Air, Europe’s fastest growing and most environmentally sustainable airline globally*, has signed a Memorandum of Understanding (MoU) with Neste, for the supply of sustainable aviation fuel (SAF) from 2025. The MoU gives Wizz Air the opportunity to purchase 36,000 tons of SAF from Neste per annum for the supply across the airline’s route network in Europe and the UK. This co-operation ensures that Wizz Air can progress in accordance with its plan for the reduction of CO2 intensity per passenger kilometre.
Today’s announcement builds on Wizz Air’s position as the most sustainable choice of air travel and is a key part of the airline’s environmental strategy to reduce carbon emissions intensity by 25% by 2030 and reach net-zero by 2050. In 2022, Wizz Air achieved its lowest ever annual carbon intensity, which amounted to 55.2 grams per passenger/km. The airline has been continuously adding new Airbus A321neo aircraft to its fleet and replacing older aircraft, with the share of new “neo” technology aircraft within Wizz Air’s fleet planned to surpass 50% by the end of the 2023 financial year. The new Airbus A321neo aircraft incorporates the latest technology, offering significant environmental benefits and can currently fly with up to 50% SAF blend.
Neste MY Sustainable Aviation Fuel is produced from sustainably sourced, 100% renewable waste and residue raw materials, including used cooking oil and animal fat waste. SAF is blended with conventional jet fuel before use and works seamlessly with existing fueling infrastructure and aircraft engines. SAF delivers the performance of conventional jet fuel but with a significantly smaller carbon footprint on a life cycle basis. Using Neste MY Sustainable Aviation Fuel reduces greenhouse gas emissions by up to 80%** over the fuel’s life cycle compared to using fossil jet fuel.
Ian Malin, Executive Vice President and Group Chief Financial Officer at Wizz Air, said: “Wizz Air continues to invest in innovative technology and believes that SAF is a key part of the solution for the decarbonisation of the aviation industry. This partnership with Neste, the world's leading producer of SAF, reaffirms our commitment to reducing our carbon emissions intensity, which is already one of the lowest among airlines in the world. Working together with Neste, we will drive the adoption of SAF throughout our network, paving the way to a more sustainable future for aviation.”
Jonathan Wood, Vice President Europe, Renewable Aviation at Neste, said: “Neste is committed to helping the aviation industry move towards a more sustainable future. This agreement with Wizz Air, one of the industry’s sustainability leaders, shows how we are enabling airlines to use SAF across their route networks. We look forward to working together with Wizz Air on the reduction of their carbon emissions, as we increase our annual SAF production capacity to 1.5 million tons by the end of 2023.”
* - According to the CAPA – Centre for Aviation Awards for Excellence 2022
** - When used in neat form (i.e. unblended) and calculated with established life cycle assessment (LCA) methodologies, such as CORSIA methodology