In a move of great significance, which is tightly connected to its strategy to reduce emissions, HELLENIC PETROLEUM Group has entered an agreement with Neste for the commercial distribution of Neste Sustainable Aviation Fuel (SAF) on flights by AEGEAN, the leading air carrier in Greece.
HELLENIC PETROLEUM Group, through its subsidiary EKO, will ensure the supply of SAF on AEGEAN flights departing from its Thessaloniki Airport “Makedonia” hub. Flights from Athens International Airport are expected to follow soon.
This important agreement brings together HELLENIC PETROLEUM Group’s expertise in the supply and distribution of jet fuel with Neste’s expertise in the production and supply of sustainable aviation fuel to provide safe and reliable SAF supply in Greece. SAF is recognized globally as the most feasible option to reduce aviation emissions in the near term.
The agreement is in line with HELLENIC PETROLEUM Group’s strategic goal to become a provider of low carbon energy solutions and to reduce its carbon footprint by 50% until 2030, while facilitating airlines and airports to align in a proactive manner with the upcoming European Union SAF targets by 2025.
Konstantinos Panas, Hellenic Petroleum RSSOPP Supply & Sales General Manager commented: “Our cooperation with Neste, a global leader in renewable and sustainable fuels, is a significant part in the implementation of our strategic plan ‘Vision 2025’ for the energy transformation of our Group. This initiative is one of others to follow for the gradual increased use of sustainable fuels and we are proud to partner with Neste to help AEGEAN and the Greek aviation industry to reduce its carbon footprint.”
Jonathan Wood, Vice President Europe, Renewable Aviation at Neste commented: “We are delighted to be working together with HELLENIC PETROLEUM to make our Neste MY Sustainable Aviation Fuel available in Greece and to AEGEAN. We share the ambition to contribute to reducing the carbon footprint of aviation and are committed to working together to achieve this. Neste is playing its part by increasing SAF production capacity to 1.5 million tons by the end of 2023 – more than the entire aviation pre-Covid fuel demand in Greece. We need to act now – SAF is a key and proven solution with clear climate benefits, and is already available today.”
Neste MY Sustainable Aviation Fuel is produced from sustainably-sourced, 100% renewable waste and residue raw materials, such as used cooking oil and animal fat waste. In its neat form, and over the life cycle, Neste MY Sustainable Aviation Fuel reduces greenhouse gas emissions by up to 80%* compared to fossil jet fuel use.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
DBRS Says Greek Banks ‘Shielded’ from ECB Rate Cuts
The agency explains that fund disbursements through the banking sector will help offset pressures anticipated on interest margins beginning in 2025, due to expected rate cuts by the European Central Bank (ECB).
Meta Cuts Facebook and Instagram Subscription Fees by 40%
The social media giant also revealed that it will continue to offer free access to Facebook and Instagram for EU users, provided they agree to see ads based on a limited set of user data.
Skyrocketing Use of Debit, Credit Cards
The total value of the transactions conducted with debit and credit cards in the country in the first half of 2024 rose 2% on the corresponding period of 2023
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.
Greece Plans to Link Golden Visa to Startup Investments
The Greek government wants to decouple the Golden Visa Program from Real Estate investments
![Σερβία: Σκληρή μάχη με γεωπολιτικές και περιβαλλοντικές προεκτάσεις για το μεγαλύτερο ορυχείο λιθίου στην Ευρώπη [γράφημα]](https://www.ot.gr/wp-content/uploads/2024/11/lithium-600x364.png)
