Neste Corporation, Press Release, 8 October 2019 at 2 p.m. (EET)
Image: Pharos image bank
Neste, the world’s leading provider of renewable diesel and the 3rd most sustainable company in the world*, takes a stronger foothold in the Netherlands. The company has opened a new office in Hoofddorp, in greater Amsterdam which will serve as the global hub for the growing Renewable Aviation business. Neste is now also launching Neste MY Renewable Diesel™ to climate-conscious fleet customers.
“The opening of our new office in the Netherlands marks an important step in the execution of our growth strategy for renewable aviation globally. We are determined to serve our customers and the entire aviation industry in reducing greenhouse gas emissions with our Neste MY Renewable Jet Fuel™. It has been tested in over 1,000 commercial flights and is already being sold and used in the market,” says Neste’s President and CEO Peter Vanacker.
The Netherlands is one of the leading countries for promoting the use of sustainable aviation fuels globally. By concentrating commercial operations of its renewable aviation business in the Amsterdam area, Neste strives to further accelerate business growth and support its strategic aim of becoming the leading partner for the aviation industry in supplying renewable jet fuel globally. The Renewable Aviation unit will be headed by Thorsten Lange, who will join Neste at latest in February 2020, as Executive Vice President and Member of Neste Executive Committee.
To meet the increasing global demand, Neste has already ramped up the capacity to produce up to 100,000 tons of renewable jet fuel annually. By 2022, Neste will have the capacity to produce over 1 million tonnes annually.
Neste launches Neste MY Renewable Diesel in the Netherlands
Neste is now launching Neste MY Renewable Diesel, produced from 100% renewable raw materials, in the Dutch market through distribution partners Future Fuels Wholesale B.V., EG Retail (Netherlands) B.V a member of the EG Group, Calpam SMD Olie B.V. and Tamoil Nederland B.V. The high-quality product will be available at more than 60 locations throughout the country by the end of 2019.
“The climate crisis is one of the biggest challenges of our times. With the use of Neste MY Renewable Diesel, our customers can reduce their greenhouse gas emissions by up to 90% compared to fossil diesel. We are excited to launch the fuel now also in the Netherlands. It is a sustainable alternative to fossil diesel and requires no modifications to existing engines or vehicles,” says Carl Nyberg, Executive Vice President for Neste’s Renewable Road Transportation business unit.
Besides the Netherlands, Neste MY Renewable Diesel is available for customers in the United States in California and Oregon, Finland, Sweden, Latvia and Lithuania.
Growing presence in the Netherlands
Neste has been active in the Netherlands since 2011 when the Rotterdam refinery for renewable products started its operations. The Rotterdam refinery, together with the company’s Singapore refinery, are the world’s biggest and most advanced renewable diesel refineries. The total production capacity of Neste’s renewable diesel and other renewable products is close to 3 million tonnes and by 2022 will increase close to 4.5 million tonnes annually.
*) According to the Corporate Knights 2019 Global 100 Most Sustainable Corporations list.
Vice President, Communications (act.)
For more information, please contact: Neste’s media service, tel. +358 50 458 5076 / email@example.com (weekdays between 8.30 a.m. and 4.00 p.m. EET)
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