Neste Corporation, News, 8.7.2022
Sharing a common vision where biofuels have a key role to play in reducing the greenhouse gas emissions in transportation – Neste, MAN and Altens have signed a partnership contract aimed at promoting biofuels in France. France is a strong market for biodiesel and FAME, but many OEMs would like to see more renewable diesel, also known as HVO100, on the market.
The objective of this partnership is to promote the common vision of Neste, MAN and Altens of the crucial role that biofuels can and must play in the sustainability transformation of the transportation of goods and people.
“This partnership with Neste, a world leader in producing renewable diesel, and Altens, a multi-biofuel supplier in France reinforces MAN's multi-biofuel approach," says Jean-Yves Kerbrat, Managing Director of MAN Truck & Bus France. “MAN advocates sustainable biofuels as opposed to fossil fuels because they allow significant reductions in CO2 emissions and are easy to implement solutions in the short term,” Jean-Yves continues.
MAN Truck and Bus France as an industrial vehicle manufacturer offering several biofuel solutions (HVO100, B100 and biogas) is convinced that biofuels is a solution that is available here and now, reducing greenhouse gas emissions in the already existing vehicle fleets and engine technologies, not requiring any additional investments into these.
“Neste MY Renewable Diesel™ is a high-quality, high-performance fuel, a more sustainable alternative to fossil diesel, helping its users reduce greenhouse gas emissions by up to 90%* when emissions over the fuel's life cycle are compared with fossil diesel. With Neste MY Renewable Diesel, companies can reduce their climate emissions significantly in an instant by just changing the fuel,'' says Peter Zonneveld, Vice President Sales, Europe and APAC, Renewable Road Transportation at Neste. “We are committed to supporting our customers to reduce their greenhouse gas emissions by at least 20 million tons annually by 2030,” Peter Zonneveld continues.
Switching to renewable diesel from Neste enables a significant reduction in greenhouse gas emissions
Neste MY Renewable Diesel is produced from 100% renewable raw materials. It is a drop-in fuel, fully compatible with all diesel engines, not requiring any modifications to the existing vehicles or fuel distribution infrastructures.
Growing availability of renewable diesel and other renewable products
Neste currently has a renewable products global production capacity of 3.3 million tons annually. Neste’s ongoing Singapore expansion project and the joint venture with Marathon in Martinez, CA, that is still pending for closing, will increase the total production capacity of renewable products to 5.5 million tons by the end of 2023, and make Neste the only global provider of renewable fuels and renewable feedstock for polymers and chemicals with a production footprint on three continents. When completed, the Rotterdam refinery expansion project will further increase the company’s total production capacity of renewable products to 6.8 million tons by the end of 2026.
*) The methodology for calculating life cycle emissions and emissions reduction complies with the European Union’s Renewable Energy Directive II (2018/2001/EU)
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 have committed to reaching carbon-neutral production by 2035, and we will reduce the carbon emission intensity of sold products by 50% by 2040. We also have 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 2021, Neste's revenue stood at EUR 15.1 billion. Read more: neste.com