Neste Corporation, Press Release, 22 October 2019 at 9 a.m. (EET)
Neste is committed to lowering its carbon footprint in production ahead of the EU’s climate and energy targets. One concrete example of Neste’s climate work is its new long-term agreement on wind power with a leading clean-energy company Fortum.
“We are in the business of reducing emissions and accelerating circularity in society. As part of our strategy, we have set two ambitious climate targets. In addition to offering renewable and circular solutions to our customers, we are also committed to reducing the carbon footprint of our own production. Investments in renewable energy are one part of this. We have been collaborating with Fortum for years and this first wind power agreement will only deepen our partnership,” says Neste’s President and CEO Peter Vanacker.
Neste is to purchase approximately 70% of production at the Kalax wind farm, currently under construction in Närpes, Ostrobothnia, with a 12 year contract. The total capacity of the agreement is more than 60 MW, and the energy produced will correspond to around 20% of the electricity consumption at the Neste Porvoo and Naantali sites. The wind power deliveries are expected to begin in early 2021.
Wind power does not generate emissions to air, land or water. The shift to wind power will reduce the indirect carbon dioxide emissions of electricity purchases at Neste’s production sites annually by approximately 40 kilotons.
Vice President, Communications (act.)
Further information: Jussi Hintikka, Head of Utility Management, Oil Products. Please contact Neste’s media service, tel. +358 50 458 5076 / firstname.lastname@example.org (weekdays from 8.30 a.m. to 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