Neste Corporation, Press Release, 6 June 2019, at 1pm (EET)
Neste, the leading renewable fuels producer, and the Port Authority of New York & New Jersey (PANYNJ), have signed a Memorandum of Understanding (MOU) on its joint sustainable fuel initiative.
The partners will be working together to facilitate the use of sustainable transportation fuels at Port Authority facilities and in its fleet vehicles and equipment, including renewable aviation fuel, renewable diesel, renewable propane and other sustainable fuel products.
“As the first U.S. transportation agency to embrace the Paris Climate Agreement, the Port Authority is committed to reducing its carbon footprint by supporting the use of sustainable fuels across our facilities - especially in operations where electrification is not yet viable,” said Christine Weydig, director of the Port Authority’s Office of Environmental and Energy Programs. “One of the key elements of that commitment is working closely with partners who can help us enact an aggressive sustainability agenda. So we are excited to collaborate with Neste to identify ways to develop the regional market for cleaner liquid fuel, as we work towards our goal of reducing the agency’s emissions 80 percent by 2050.”
“We are truly happy to partner with Port Authority of New York and New Jersey, a key transportation facilitator in the area. Over the years we have built a solid track record in decarbonizing transportation with our Neste MY Renewable Diesel™, and we are in the process of increasing our production capacity of Renewable Jet Fuel to meet the growing demand,” says Neste’s President and CEO Peter Vanacker.
“Decarbonizing transportation requires partnering, sharing the same goal, and working side by side. We are extremely excited to share our expertise in low-carbon renewable fuels to find solutions for the Port Authority of New York & New Jersey to reach their greenhouse gas emission reduction targets,” continues Vanacker.
About The Port Authority & New York and New Jersey
The Port Authority conceives, builds, operates and maintains airport, port, rail and other transportation infrastructure critical to the New York/New Jersey region’s trade and transportation network. The facilities include America’s busiest airport system, marine terminals and ports, the PATH rail system, six tunnels and bridges between New York and New Jersey, the Port Authority Bus Terminal in Manhattan, and the World Trade Center.
Neste in brief
Neste (NESTE, Nasdaq Helsinki) creates sustainable solutions for transport, business, and consumer needs. Our wide range of renewable products enable our customers to reduce climate emissions. We are the world's largest producer of renewable diesel refined from waste and residues, introducing renewable solutions also to the aviation and plastics industries. We are also a technologically advanced refiner of high-quality oil products. We want to be a reliable partner with widely valued expertise, research, and sustainable operations. In 2018, Neste's revenue stood at EUR 14.9 billion. In 2019, Neste placed 3rd on the Global 100 list of the most sustainable companies in the world. Read more: neste.com