uncategorized · 6/10/2015

Neste satisfied with the Finnish government's decision to significantly increase the share of renewable fuels

8 June 2015

According to the Government Programme published at the end of May, Finland aims to increase the share of renewable fuels in traffic to 40 per cent by 2030. Neste considers the increase in the share of renewable fuels a bold and positive statement by the new Government. With its policy, the Government shows global leadership based on its vision of the importance of bioeconomy to Finland.

"The world's leading biofuel cluster has emerged in Finland, and it needs long-term and stable regulation similar to the Government policy.  Finland is an important market area for Neste, and the policy presented in the Government Programme provides operations with long-term predictability," says Ilkka Räsänen, Senior Vice President, Sustainability and Public Affairs at Neste.

According to Neste's view, increasing the use of renewable fuels requires as diverse a feedstock portfolio as possible. In its own operations, Neste has already increased the share of waste and residual feedstocks to over 60% in the production of renewable fuels. Moreover, new feedstocks play an important role in Neste's R&D activities, and the majority of the company's R&D expenditure goes to research in new feedstocks, such as algae oil and wood-based feedstocks. In the future, domestic wood-based raw materials, for example, are possible feedstocks for renewable fuels. Neste is already using tall oil pitch at its Naantali refinery.

More information:

Ilkka Räsänen, Director, Public Affairs, Neste, tel. +358 50 458 5123