Neste Corporation 27 June 2018 at 3.30 pm. (EET)
The Environmental Protection Agency (EPA) in the US announced its proposal covering the renewable fuel volume requirements for 2019 under the Renewable Fuel Standard (RFS) program on 26 June 2018.
The proposal calls for an almost 600 million gallon increase in the advanced biofuel category in 2019, from the current 4.29 billion gallons to 4.88 billion gallons in 2019. The biomass-based diesel standard for 2019 was already set in 2017. However, the EPA proposes an over 15% increase in the biomass-based diesel category in 2020 from 2.1 billion gallons to 2.43 billion gallons.
Neste MY Renewable Diesel™ meets the requirements of an advanced biofuel in the biomass-based diesel category and is able to compete for the proposed additional almost 600 million gallons of advanced biofuel volume.
“We appreciate the EPA's commitment to advanced biofuels. Neste MY Renewable Diesel is an ideal low-carbon fuel to meet the US renewable fuel standards, as it is fully compatible with existing fuel distribution systems. Our renewable diesel cuts greenhouse gas emissions by up to 80% and enables reductions in engine-out emissions, all the while enhancing performance”, says Kaisa Hietala, Executive Vice President of Neste's Renewable Products business area.
Neste MY Renewable Diesel is being used by US fuel distributors, refiners, and blenders to meet their renewable fuel requirements. Additionally, the fuel is being used by US city fleets such as San Diego and Sacramento to meet their sustainability and emission reduction targets.
The proposal is available on the EPA's website.
Director, Corporate Communications
More information: Kaisa Hietala, Executive Vice President, Renewable Products, 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