Neste Corporation, Press Release, 31 May 2019 at 9 am. (EET)
According to new data gathered by the California Air Resources Board’s (CARB) Low Carbon Fuel Standard program, bio-based diesel fuels like Neste MY Renewable Diesel™ deliver the state’s biggest reduction in carbon emissions for the transportation sector.
In 2018, the use of these bio-based fuels reduced 4.3 million tons of carbon dioxide in California. This amount surpassed the reduction from ethanol for the first time since the program started in 2011. In that time renewable diesel and biodiesel have reduced CO2 emissions by over 18 million tons.
Neste MY Renewable Diesel is a low-carbon fuel produced from 100% renewable and sustainable raw materials, primarily wastes and residues. The fuel cuts greenhouse gas emissions by up to 80%* and reduces local engine-out emissions, all while enhancing fleet performance. Neste MY Renewable Diesel is a drop-in alternative to fossil diesel. It is fully compatible with current fuel distribution infrastructures and suitable for all diesel engines.
“This study from CARB is a welcome confirmation: renewable diesel can significantly reduce greenhouse gas emissions and make an immediate contribution to the reduction of California's carbon footprint all while using existing infrastructure and without further investments,” says Jeremy Baines, Vice President, Neste US Inc.
“Transportation is currently the leading cause of carbon emissions in the US, and as such is a conspicuous starting point for change. As this study demonstrates, diesel operators can reduce their lifecycle greenhouse gas emissions already today, simply by switching to renewable diesel. At Neste, we believe strongly in renewables, and we have made a significant investment to increase our renewable products production capacity by 2022,” Baines continues.
Neste is the world’s largest producer of renewable diesel refined from waste and residues, and the largest supplier of renewable diesel to the state of California.
*) Using Californian LCFS carbon intensity calculation methodology.
Director, Corporate Communications
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