Petrolimex launches Sustainable Aviation Fuel (SAF) to celebrate the Group's 70th anniversary

Ho Chi Minh City, August 15, 2025 - At Nha Be Petroleum Depot, Vietnam National Petroleum Group (Petrolimex/Group - stock code: PLX), Petrolimex Aviation Fuel Joint Stock Company (Petrolimex Aviation) officially announced the product Sustainable Aviation Fuel (SAF), and signed a cooperation agreement on the consumption of SAF Sustainable Aviation Fuel with Vietjet Aviation Joint Stock Company (Vietjet) and Associated Energy Group, LLC (AEG Fuels). This is one of the meaningful activities to celebrate the 70th anniversary of Petrolimex (January 12, 1956 - January 12, 2026).

The event was honored to welcome Mr. Hoang Vuong - Director of the Department of Industry, Government Office ; Mr. Uong Viet Dung - Director of the Civil Aviation Authority of Vietnam, Ministry of Construction; Mr. Phan Van Chinh - Deputy Director, Department of Domestic Market Management and Development, Ministry of Industry and Trade; Mr. Bui Ngoc Bao - Chairman of the Vietnam Petroleum Association.

On the Petrolimex side, there were Mr. Pham Van Thanh - Member of the Government Party Executive Committee, Party Secretary, Chairman of the Board of Directors; Mr. Tran Tuan Linh - Member of the Board of Directors; Mr. Nguyen Ngoc Tu - Deputy General Director, Mr. Vo Van Tan - Chairman of Petroleum Company Region II and leaders of the Group's professional departments, the Board of Directors of Construction Company Region II and Nha Be Petroleum Depot.

Also attending the event were partners and guests of Petrolimex and Petrolimex Aviation such as Vietjet , AEG Fuels, SGS Vietnam, Keppel Group and IATA Vietnam.

Petrolimex pioneers in blending and supplying SAF in Vietnam

SAF is an aviation fuel produced from renewable sources, replacing traditional fossil fuels. SAF has the potential to reduce CO₂ emissions by up to 80% compared to traditional aviation fuel. This is considered a key solution for the global aviation industry to reduce emissions, towards the goal of Net Zero - zero net emissions - by 2050.

Petrolimex is the first unit in Vietnam to import hydrocarbons synthesized from biological/renewable materials (synthetic blending components - SBC). Petrolimex is also the first unit in Vietnam to master the technology of blending SAF from SBC in compliance with strict international standards such as EI 1533, ASTM D7566, DEF STAN 91-091,... and Vietnamese Standard - TCVN 14414:2025. SAF products have been successfully supplied and refilled for domestic commercial flights by Petrolimex Aviation Fuel Joint Stock Company. With this special meaning, the Sustainable Aviation Fuel Blending System (SAF) at Nha Be Petroleum Depot was recognized by the Vietnam National Petroleum Group as one of the typical projects to celebrate the 70th anniversary of the establishment of the Vietnam National Petroleum Group (January 12, 1956 - January 12, 2026).

Plaque mounting ceremony to celebrate 70 years of Petrolimex establishment at Sustainable Aviation Fuel (SAF) Blending System

Speaking at the event, Member of the Government Party Committee, Party Secretary, Chairman of Petrolimex Board of Directors Pham Van Thanh said: “Petrolimex proactively invested, researched, and mastered SAF blending technology at Nha Be Petroleum Depot. Petrolimex is also the first unit in Vietnam to import SBC for blending SAF. This success demonstrates the Group's strong commitment to the green transformation journey, accompanying the Government, airlines, and the whole society towards sustainable development.”

Member of the Government Party Committee, Party Secretary, Chairman of the Board of Directors of Petrolimex Pham Van Thanh spoke at the event.

Director of the Civil Aviation Authority of Vietnam, Mr. Uong Viet Dung, highly appreciated the Vietnam National Petroleum Group and Petrolimex Aviation for taking the lead in implementing research, blending and supplying SAF. The leader of the Civil Aviation Authority of Vietnam emphasized: “The launch of the SAF product is not only of commercial significance but also of long-term strategic significance, creating a premise for building a sustainable domestic SAF supply chain; meeting the requirements of the international market; encouraging cooperation between airlines, fuel suppliers, management agencies and financial institutions to expand the scale of SAF use in Vietnam”.

Director of the Civil Aviation Authority of Vietnam, Mr. Uong Viet Dung, spoke at the event.

Petrolimex Aviation’s aviation fuel supply and filling system has achieved international certifications of ISCC EU and ISCC CORSIA – leading standards for sustainability and carbon emission reduction, recognized in more than 130 countries. Mr. Nguyen Van Hoc – General Director of Petrolimex Aviation shared that being granted the above prestigious international certification is a testament to Petrolimex’s capacity and professionalism in implementing SAF. Petrolimex Aviation is ready to accompany domestic and foreign partners towards a green, safe and sustainable aviation industry.

Petrolimex Aviation Chairman Pham Huy Thong and Petrolimex Aviation General Director Nguyen Van Hoc received ISCC (International Sustainability and Carbon Certification) certification from SGS Assessment Organization

Signing of SAF consumption cooperation agreement with Vietjet and AEG Fuels

At the event, Petrolimex Aviation signed a cooperation agreement on SAF consumption with Vietjet Aviation Joint Stock Company (Vietjet). According to the agreement, Petrolimex Aviation will refill the first 1,200 m³ of SAF blended in Vietnam for Vietjet flights, and transfer the Proof of Sustainability (PoS) according to ISCC EU standards. This is an important milestone, affirming the commitment of both parties to reduce carbon emissions and develop a green aviation industry in Vietnam.

Mr. To Viet Thang - Vietjet's Standing Deputy General Director said: "Today's SAF consumption cooperation agreement between Vietjet and Petrolimex Aviation demonstrates the commitment of the two businesses and the aviation industry towards green and sustainable development goals. With a total of 576 modern aircraft ordered, Vietjet's green fleet using SAF will contribute to significantly reducing emissions, protecting the environment, pioneering the use of clean fuel, contributing to realizing the country's development and growth aspirations in the era of global integration."

Signing of SAF consumption cooperation agreement between Petrolimex Aviation and Vietjet

Also within the framework of the event, Petrolimex Aviation signed a cooperation agreement with AEG Fuels – a leading international strategic partner in the field of SAF supply. This cooperation expands Petrolimex Aviation’s network to the global market, creating a premise for SAF produced in Vietnam to reach international customers and promote the green transformation of the aviation industry.

Signing of SAF consumption cooperation agreement between Petrolimex Aviation and AEG Fuels

Information about Petrolimex

Vietnam National Petroleum Group (Petrolimex) is an economic group playing a leading role in the domestic petroleum market, with a distribution system of over 5,000 petroleum stations, accounting for about 50% of the market share, and reserving 70% of the total national reserves. Petrolimex owns the largest system of storage tanks, petroleum pipelines, supply chains, and logistics in the country. In addition to its core petroleum business, Petrolimex also operates effectively in the fields of insurance, petrochemicals, gas, petroleum transportation, aviation fuel, design, construction, mechanics, petroleum equipment, and telecommunications...
Information about Petrolimex Aviation

Petrolimex Aviation Fuel Joint Stock Company (Petrolimex Aviation) is a member of the Vietnam National Petroleum Group, specializing in providing aviation fuel to domestic and international airlines. Petrolimex Aviation currently operates a supply network at most major civil airports in Vietnam, with a system of modern storage tanks and filling facilities, meeting strict international standards on safety and quality. In addition to traditional aviation fuel supply activities, the company is a pioneer in deploying sustainable aviation fuel (SAF), affirming its role as a reliable partner in the aviation supply chain, accompanying the industry towards the goal of green and sustainable development.

Information about Vietjet

Vietjet Aviation Joint Stock Company (Vietjet) is an official member of the International Air Transport Association (IATA) and holds the IOSA Operational Safety Audit (OSA) certificate. Vietjet is rated 7 stars - the highest in the world for aviation safety by the prestigious organization Airline Ratings, top 50 best airlines in the world for operations and financial health by Air Finance Journal, continuously receiving the award for best low-cost airline by prestigious organizations such as Skytrax, CAPA, Airline Ratings... With its outstanding ability to manage costs, exploit and operate, Vietjet brings the opportunity to fly at economical and flexible costs, providing diverse services, meeting all consumer needs of customers.

Information about AEG Fuels

Associated Energy Group, LLC (AEG Fuels) is a US-based energy company with global operations in the supply of aviation fuel and related logistics services. AEG Fuels serves customers at more than 3,000 airports worldwide, including commercial and private airlines. With its SAF implementation experience and extensive network of partners, AEG Fuels acts as a market connector, bringing sustainable aviation fuel solutions to international customers, contributing to the green transformation of the global aviation industry.

Source: https://www.petrolimex.com.vn/ndi/thong-cao-bao-chi/petrolimex-ra-mat-nhien-lieu-hang-khong-ben-vung-saf-chao-mung-70-nam-thanh-lap-tap-doan-1755241616-1063517408.html