In 2020, our customers were able to reduce greenhouse gas (GHG) emissions by a total of 10 million tons. Our renewable and circular products offer annual climate savings which are more than twice as large as the annual emissions from Neste’s fossil and renewable refineries’ operations and all logistics combined. We are investing EUR 1.4 billion to increase our renewable products production capacity in Singapore. This brings our total renewable product capacity close to 4.5 Mt annually in 2022.
We aim to achieve our climate targets with the portfolio of renewable, low-emission, and circular solutions for transportation, aviation, and marine uses, as well as for the plastics and chemicals industries. We have also established an operational excellence program, ensuring competitiveness across both renewable and oil businesses.
With the VTT Technical Research Centre of Finland and Lappeenranta University of Technology, we have been developing the world’s first science-based method for carbon handprint calculation and communication. It helps to calculate the beneficial (environmental) climate impacts of products and services, offering both scientific and practical guidelines.
Read about our carbon footprint.