19 July 2017 Releases and news

Neste welcomes California's continued commitment to reduce climate emissions

Neste Corporation
Press Release
19 July 2017 at 2:00 pm (EET)

Neste welcomes California's continued commitment to reduce climate emissions

California lawmakers voted on 17th July to extend the State's cap and trade program until 2030 reaffirming the State's commitment to reduce greenhouse gas emissions. Lawmakers confirmed the state's Low Carbon Fuel Standard - a program to reduce the carbon intensity of transportation fuel - would continue unaffected by the extension as one of the complementary strategies to address climate change.

"We congratulate California on its strong climate leadership supporting the transition to clean energy and look forward to Neste's renewable products continuing to support the State's targets at curbing carbon emissions," says Executive Vice President of Renewable Products at Neste, Kaisa Hietala.

Neste MY Renewable Diesel™ is being used by California fuel distributors, refiners, and public and private fleets to meet California's low carbon fuel requirements as a drop-in replacement used without changes to existing fuel distribution systems.

Neste Corporation

Kaisa Lipponen
Director, Corporate Communications

Neste in brief

Neste (NESTE, Nasdaq Helsinki) builds sustainable solutions for the needs of transport, businesses and consumers. Our global range of products and services allows customers to reduce their carbon footprint by combining high-quality and low-emission renewable products and oil products to tailor-made service solutions. We are the world's largest producer of renewable diesel refined from waste and residues, and we are also bringing renewable solutions to the aviation and plastics industries. We want to be a reliable partner whose expertise, research and sustainable practices are appreciated worldwide. In 2016, Neste's net sales stood at EUR 11.7 billion, and we were on the Global 100 list of the most sustainable companies in the world. Read more: neste.com