Neste and the University of Helsinki to support a groundbreaking research on the link between the state of the seas and climate change

Neste and the University of Helsinki to support a groundbreaking research on the link between the state of the seas and climate change

(PRESS RELEASE) ESPOO, 2-Sep-2022 — /EuropaWire/ — Neste (HEL: NESTE), the world’s leading provider of renewable diesel and sustainable aviation fuel and the 4th most sustainable company in the world, has announced a new five-year cooperation with the University of Helsinki, the oldest and largest institution of academic education in Finland, aimed at supporting a groundbreaking research on the link between the state of the seas and climate change. The research will be carried out at the new CoastClim research center (Centre for Coastal Ecosystem and Climate Change Research) part of the University of Helsinki.

Combating climate change is at the heart of both CoastClim’s activities and Neste’s strategy. Supporting the research center will provide new opportunities for Neste to promote sustainable development.

“Neste’s research and innovation work provides wide-ranging support for changes in the business and technological development, and it is key to finding new growth platforms for renewable and circular economy solutions. Tackling climate change will require comprehensive research and large-scale cooperation between various companies and organizations. We are pleased to be able to contribute to the achievement of our common goals through this collaboration,” says Lars Peter Lindfors, Senior Vice President, Innovation at Neste.

“We are delighted that more and more actors are getting involved in creating a framework for climate research. A research center of this scale and the accumulation of new knowledge cannot come about without broad support. The collaboration with Neste will enable meaningful basic research over the next five years and produce ground-breaking new data on the role of coastal habitats in mitigating climate change,” says Alf Norkko, Professor of Baltic Sea studies at the University of Helsinki.

The new multidisciplinary CoastClim center for coastal ecosystem and climate change research started operations in 2021. It is a collaborative project between the University of Helsinki and Stockholm University. CoastClim operates in connection with the Tvärminne Zoological Station in Hanko, Finland. The Tvärminne Zoological Station was founded in 1902 and is celebrating its 120th anniversary this year.

Read more:
Centre for Coastal Ecosystem and Climate Change Research: https://www.coastclim.org/

Further information: Please contact Neste’s media service, tel. +358 800 94025 / media@neste.com (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 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

SOURCE: Neste Corporation