Neste Corporation, Press Release, 8 December 2020 at 8 a.m. (EET)
Neste is the first in Finland to introduce fuel oil produced from 100% renewable raw materials. From the beginning of January 2021, Neste MY Non Road Diesel™, suitable for construction, forest machine contracting, agriculture and heating, will enable companies to reduce their own greenhouse gas emissions by up to 90%* over the product life cycle compared to fossil fuel oil. Renewable fuel oil is a significant new addition to the renewable diesel known in road transport. It contributes to Finland’s goal of becoming carbon neutral by 2035 and helps to achieve emission reductions in the machinery and heating sector.
“We are committed to reducing our customers’ greenhouse gas emissions by 20 million tons annually by 2030. Our renewable diesel has received a positive reaction in road transport, and several hundred companies in the transport and logistics sectors have chosen to use it. We also want to support companies in other sectors to reduce their own emissions by offering them a solution that can be adopted immediately. Therefore it is great that we can respond to our customer’s needs by introducing a sustainable fuel oil alternative to the Finnish market,” says Joni Pihlström, Vice President for B2B Sales in Finland, Marketing & Services, Neste.
Neste MY Non Road Diesel is comparable to Neste MY Renewable Diesel™ used in road transport, in terms of the raw material base and emissions reduction. In addition to a smaller carbon footprint, the use of renewable fuel oil reduces local emissions produced by older machines. As such, Neste MY Non Road Diesel is suitable for existing machine fleet, and can also be used in heating.
Climate work also requires heavy equipment
Finland has also set emission reduction targets for heavy equipment. Of the current 2.5 million tons of annual greenhouse gas emissions, 20% should be cut by 2030. A little less than half of the emission reductions will be achieved through a bio mandate.
At the beginning of 2021, the bio mandate for renewable fuels will be extended to fuel oil. The aim is to promote the use of biofuel oil to replace light fuel oil in heavy equipment, stationary motors and heating. This will contribute to achieving the climate objectives set by Finland and the EU.
“It is important that legislation in Finland supports not only low-emission mobility but also lower-emissions at construction sites and heating. As a result of the bio mandate, an even larger share of the production of fuel sold in Finland, and in the future also fuel oil, will be made more from sustainable raw materials instead of fossil feedstocks. All solutions are needed to achieve climate goals, but electrification of heavy equipment, for example, is in its early phase. Therefore, renewable fuel oil offers an immediate solution. In addition, we help our customers to monitor the emission reductions achieved with Neste MY Non Road Diesel and develop reporting”, says Pihlström.
In 2021, Neste MY Non Road Diesel will be available only with limited amounts and in some locations. Distribution is made through direct delivery from Neste’s Porvoo terminal.
*) The methodology for calculating life cycle emissions and emissions reduction is in line with the European Union’s Renewable Energy Directive (2009/28/EC).
Vice President, Communications
More information: Joni Pihlström, Vice President, B2B Sales, Marketing & Services, Neste. 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 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 renewable diesel and sustainable aviation fuel, developing chemical recycling to combat the plastic waste challenge. We aim at helping customers to reduce greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. As a technologically advanced refiner of high-quality oil products with a commitment to reach carbon-neutral production by 2035, we are also introducing renewable and recycled raw materials such as waste plastic as refinery raw materials. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2019, Neste's revenue stood at EUR 15.8 billion, with 82% of the company’s comparable operating profit coming from renewable products. Read more: neste.com