New European fuel standard will support the sales of Neste Renewable Diesel
Neste Corporation
Press release
May 31, 2016 at 2.30 pm (EET)
New European fuel standard will support the sales of Neste Renewable Diesel
CEN (European Committee for Standardization) has approved the EN 15940 standard for paraffinic diesel, specifying the quality and properties of advanced diesel which is either synthetic or produced from renewable raw materials through hydrotreatment.
The new standard emerged as a consequence of increasing demand for alternative, cleaner traffic fuels such as Neste Renewable Diesel. Prepared by fuel producers, vehicle manufacturers and other stakeholders in cooperation, the standard on paraffinic diesel makes these products easier to sell, as it specifies the quality of paraffinic diesel sold as such. Until now, paraffinic diesel has mainly been sold to end users in Europe as a component in fuel blends.
The EN 15940 standard guarantees the fuel quality, which makes it easier for vehicle manufacturers to authorize the use of 100% paraffinic fuel, offer it warranty and exhaust gas approval.
"The new standard makes it possible to sell Neste Renewable Diesel to end users as such all over Europe by the end of 2016. Using 100% Neste Renewable Diesel instead of fuel blends with low concentrations of paraffinic fuel provides companies and cities, for example, a much more efficient way to reduce their carbon footprint and lower their polluting local emissions. Using Neste Renewable Diesel as such reduces greenhouse gas emissions by up to 90% compared to conventional fossil diesel," says Kaisa Hietala, EVP, Renewable Products at Neste.
Paraffinic diesel, such as Neste Renewable Diesel, is a top quality cleanly burning fuel that does not contain sulfur or aromatic compounds. Diesel fuels that comply with the standard can be used in existing engines either as such or as before, as blend components in conventional diesel.
The standard will come into effect in Europe during the second half of 2016.
Neste Corporation
Kaisa Lipponen
Director, Corporate Communications
More information: Seppo Mikkonen, Fellow, Neste, tel. +358 50 458 3473
Neste in brief
Neste is a pioneer in oil refining and renewable solutions. We provide our customers with premium-quality products for cleaner traffic and industrial products based on world-class research. We are the world's leading producer of renewable diesel, and our annual production capacity is more than 2 million tons. We also are the world's largest company providing renewable fuel from waste and residues. Our sustainable operations have received recognition in the Dow Jones Sustainability World Index and the Global 100 list of the world's most sustainable companies, among others. Our net sales for 2015 amounted to approximately EUR 11 billion, and our shares are listed on NASDAQ Helsinki. Cleaner traffic, energy and life are moved forward by about 5,000 professionals. More information: neste.com