19 March 2018 at 9 am (EET)
Neste delivers first batch of 100% renewable propane to European market
Neste has started up the world's first large-scale renewable propane production facility in Rotterdam in the Netherlands. The first cargo of renewable propane has been delivered to SHV Energy, who will market and sell the product to its customers across Europe as BioLPG. Neste's new facility has a production capacity of 40,000 tonnes per year and SHV Energy will be the exclusive distributor, supplying 160,000 tonnes over four years.
BioLPG will enable users of existing fossil fuels to reduce their carbon footprint, without any modifications to existing gas applications technology. BioLPG can be used within a full range of existing LPG applications, from transport and commercial heating to retail leisure cylinders.
"Start-up of the new production facility means that SHV Energy's customers in Europe will be able to use this new renewable product and enjoy its environmental benefits combined with ease of use in already familiar applications", says Ms Kaisa Hietala, Executive Vice President of Renewable Products at Neste.
"For us it also represents an important step in implementing our growth strategy for Renewable Products", continues Hietala.
"SHV Energy is proud to be part of this unique renewable energy project and congratulates Neste on a fantastic engineering achievement. In use, BioLPG will be very low carbon and extremely clean. The biggest environmental contribution that it can make is when it replaces existing high carbon solid and liquid fuels in homes and businesses located beyond the natural gas grid. The mission of all SHV Energy companies is, Advancing Energy Together and this is exactly what BioLPG will mean for the thousands of customers over seven European countries who will start to enjoy the benefits of this new product very soon", says Fulco van Lede, CEO of SHV Energy.
Neste's Rotterdam refinery primarily produces premium-quality Neste MY Renewable Diesel from various waste and residues as well as vegetable oils. The new unit will purify and separate renewable propane from the sidestream gases produced by the refinery.
Director, Corporate Communications
Further information: Kaisa Hietala, Executive Vice President, Renewable Products, Neste, tel. +358 50 458 4128
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 2017, Neste's revenue stood at EUR 13.2 billion. In 2018, Neste placed 2nd on the Global 100 list of the most sustainable companies in the world. Read more: neste.com