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.