Neste Corporation, News, 15 August 2023
Photo: Neste Marine™ 0.1 Co-processed is a marine fuel enabling the marine sector, including shipping companies, cargo owners and charterers, to reduce greenhouse gas emissions. Source: Neste.
Neste and ScanOcean have brought Neste’s marine fuel enabling lower greenhouse gas (GHG) emissions to the Swedish market. The first shipment of nearly 600,000 liters (500 metric tons) is now available at the Södertälje terminal for vessels bunkering in the Stockholm area as well as those in transit to Lake Mälaren.
Neste Marine™ 0.1 Co-processed helps the marine sector start reducing its dependency on fossil fuels as the fuel produced by Neste consist also of renewable content. In the production of the fuel, crude oil is partly replaced with renewable raw materials.
“I am proud that we now have solutions to reduce greenhouse gas emissions also in Neste’s marine fuel portfolio. We are very pleased that our long-term partner ScanOcean is offering our lower-emission marine fuel to shipping companies bunkering in Sweden,” says Sveta Ukkonen, Head of Marine Fuels & Services at Neste.
“We already have several interested clients, and we look forward to start delivering the co-processed DMA* in which crude oil is partly replaced with renewable raw materials. This is one of many key steps in ScanOceans journey to build a portfolio of sustainable products and services. The new lower-emission DMA is an extremely attractive fuel in this respect,” comments Jonatan Karlström, Managing Director at ScanOcean.
Towards more sustainable shipping with lower-emission solutions
Neste Marine™ 0.1 Co-processed is a lower-emission marine fuel, or DMA, for the marine sector, including shipping companies, cargo owners and charterers. In the production of the fuel, crude oil is partly replaced with renewable raw materials, making up a marine fuel that consist of both fossil and renewable content. The renewable part of the co-processed marine fuel enables up to 80%** lower greenhouse gas (GHG) emissions over the fuel’s life cycle compared to fossil fuel. It is an ISO 8217 compliant and ISCC PLUS certified*** marine fuel.
In addition to the Swedish market, Neste Marine™ 0.1 Co-processed fuel is available in Denmark and Finland. The composition and performance of Neste Marine™ 0.1 Co-processed marine fuel is similar to conventional marine fuel.
*) Neste Marine™ 0.1 is a range of low-sulphur marine fuels (Neste MGO DMA and Neste MDO DMB) with a sulphur concentration of less than 0.1%.
**) Emission reduction of the bio-based share of the product over the fuel’s life cycle compared to fossil fuel. The method used to calculate life cycle emissions and emission reduction is guided by the EU Renewable Energy Directive II (EU)2018/2001.
***) The sustainability characteristics of the marine fuel co-processed with renewable materials are certified with International Sustainability and Carbon Certification (ISCC PLUS and as of 2025 with ISCC EU) with a mass balance approach.
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Neste in brief
Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. We are the world’s leading producer of sustainable aviation fuel and renewable diesel and developing chemical recycling to combat the plastic waste challenge. We aim at helping customers to reduce their greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. Our ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe by 2030. We are introducing renewable and recycled raw materials such as liquefied waste plastic as refinery raw materials. We are committed to reaching carbon-neutral production by 2035, and we will reduce the carbon emission intensity of sold products by 50% by 2040. We have also set high standards for biodiversity, human rights and supply chain. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2022, Neste's revenue stood at EUR 25.7 billion. Read more: neste.com
ScanOcean in brief
ScanOcean is an international marine fuels company functioning as both a bunker trader and a physical supplier in Sweden. The company distributes various marine fuels by truck, ex-pipe and barge. The company’s office is located in Stockholm, Sweden and consists of an experienced team with first-class connections in the global energy sector. ScanOcean AB was established in 2013 but the roots of the company date much longer back, functioning as a purchasing organization of marine fuels for several Scandinavian ship-owners. For more information please visit www.scanocean.se.