ENOC Group Partners with Neste for MENA Sustainable Aviation Fuel
ENOC Group, based in Dubai, has inked an MoU with Finnish Sustainable Aviation Fuel (SAF) producer Neste to explore the supply and purchase of SAF in the MENA region. This marks the first step in ENOC’s plan to supply blended SAF to all customers by 2030, aiming to cut carbon emissions by 80% compared to traditional aviation fuel. Leveraging Neste’s leading SAF production and ENOC’s role as the key jet fuel supplier in MENA, the collaboration seeks to accelerate the region’s aviation sector shift to lower-emission fuels. The MoU follows Neste and ENOC’s support for Emirates’ 100% SAF demo flights in 2023.
As the global SAF market eyes growth from $1.1 billion in 2023 to $16.8 billion by 2030, key drivers include climate change awareness, carbon reduction imperatives, and regulatory initiatives. The unmanned aerial vehicles (UAVs) segment is expected to see a higher CAGR in the SAF market due to the increasing adoption of drones. The Middle East, focusing on sustainable development and substantial investments in renewable energy, is anticipated to lead in SAF market growth, fueled by abundant sunlight and government support for innovation and infrastructure.