ITOCHU Announces Commencement of Sustainable Aviation Fuel (SAF) Supply to Etihad Airways PJSC

October 27, 2022

ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Keita Ishii, President & COO; hereinafter “ITOCHU”) announced today that it has commenced the supply of sustainable aviation fuel (hereinafter "SAF") produced by Neste OYJ (headquartered in Finland; Matti Lehmus, President and CEO; hereinafter "Neste") to Etihad Airways PJSC (headquartered in UAE, Tony Douglas, President and CEO, hereinafter "ETIHAD Airways"), the national airline of United Arab Emirates (UAE). This is the first time in Japan that SAF supply to an overseas airline has been realized at a domestic airport.

ITOCHU and ETIHAD Airways mutually agreed in May 2022 on the supply of SAF to ETIHAD Airways at Narita International Airport on an into-plane basis. On October 25th 2022, the first SAF supply under the agreement took place on a flight from Narita to Abu Dhabi.

ITOCHU has already established a stable SAF supply chain at Haneda Airport and Narita International Airport in Japan, e.g., setting up a domestic supply chain ranging from SAF import and quality management to the SAF delivery up to airports, extending the supply chain up to aircrafts. ITOCHU plans to expand the SAF supply base to Chubu Centrair Airport Nagoya and Kansai International Airport and expand SAF supply to both domestic and overseas airlines.

Neste is expanding its SAF business globally as the world’s leading producer of renewable fuel. Following the completion of the Singapore refinery expansion and the Rotterdam refinery modification, its global annual production capacity will be over 1.5 million tons per year by the end of 2023 and 2.2 million tons per year by the end of 2026. ITOCHU has concluded a Branded Distribution Marketing Agreement with Neste in February 2022, and will work for the stable supply of SAF in Japan under the partnership.

ITOCHU has included “Enhancing Our Contribution to and Engagement with the SDGs through Business Activities” in the basic policies in its medium-term management plan. By increasing the market prevalence of renewable fuels in cooperation with leading partners, we will continue to contribute to the realization of a recycling-oriented society.