Renewable products reduce global emissions 9.6 million

Peter Vanacker, President and CEO of Neste, said: “Neste’s business is focused on helping our customers in the transport sector and cities, as well as in the aviation, polymers and chemical industries to make their business more sustainable. We are extremely proud to work together with our customers and partners in reducing their greenhouse gas emissions with our renewable products, such as Neste MY Renewable Diesel and Neste MY Renewable Jet Fuel. These are high-quality renewable and readily available solutions to reduce transportation or aviation-related emissions.

“Last year, we made two ambitious climate promises. The first one is reducing our customers’ greenhouse gas emissions with renewable and circular solutions by at least 20 million tonnes CO2eq annually by 2030. Going from 7.9 million tons in 2018 to 9.6 million tonnes of reduced greenhouse gas emission in 2019 was a great start here. The second promise is to reduce the carbon footprint of Neste’s production ahead of EU’s climate and energy targets. One concrete example of this is our long-term agreement on wind power at our production sites in Finland.”

Neste’s aspiration is also to expand its global waste and residue raw material platform. In 2019, the renewable waste and residue raw materials accounted for 80% of Neste’s annual usage of renewable raw materials. The company also invests in the search of new scalable future raw materials and required technologies, looking beyond the present raw material sources. 

“We believe that collaboration is the key to success. By working together we are able to drive the industry forward, reduce emissions and help tackle the climate crisis,” added Vanacker. 

For more than ten years, Neste has steadily increased the volume of its renewable products. Today, the company has the capacity to produce three million tonnes of renewable products annually at its refineries in Finland, the Netherlands and Singapore. Of these three million tonnes, Neste’s annual renewable jet fuel capacity is currently 100,000 tons. Following the Singapore expansion in 2022, Neste will have the total renewable product capacity close to 4.5 million tonnes annually. Of the total capacity in 2022, the capacity share for renewable jet fuel will be over one million tonnes annually.