Listed company Neste has signed a major agreement with FedEx to supply sustainable aviation fuel to Los Angeles Airport. This was announced in a press release.
In total, Neste will deliver 8,800 tons, equivalent to more than three million gallons, of its renewable jet fuel. This is the largest purchase of its kind by a US cargo airline at Los Angeles Airport to date.
The deal is a breakthrough for Neste in the US market and strengthens the company's position as a leading producer of sustainable fuels, according to the press release. FedEx will use the fuel for one year, starting this month, as part of its strategy to achieve carbon neutrality by 2040.
The fuel is made from renewable waste products such as used cooking oil and animal fat waste.
Neste Oyj specializes in oil product refining and distribution. Net sales break down by activity as follows:
- production of renewable fuels (41.1%): owns 3 refineries located in Finland, Singapore and the Netherlands;
- production and sale of oil products (36.4%): fuels, fuel oils, heavy fuel oils, lubricants, solvents, liquefied petroleum gases and bitumen;
- distribution of oil products to end-users (22.5%): owns, at the end of 2025, a network of 921 service stations located in Finland, Estonia, Latvia and Lithuania.
Net sales are distributed geographically as follows: Finland (25.5%), Nordic countries (12.2%), Baltic countries (10.7%), Europe (31.8%), the United States (17.3%) and other (2.5%).
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