Neste and Valtra Partnership: Driving Global Sustainability with Renewable Diesel

Neste and Valtra Partnership: Driving Global Sustainability with Renewable Diesel

(IN BRIEF) In a significant stride towards sustainability, Finnish tractor manufacturer Valtra, a division of AGCO Corporation, proudly announces the utilization of 5 million liters of Neste MY Renewable Diesel™ at its Suolahti factory in Finland. Collaborating with Neste since 2017, Valtra has been at the forefront, pioneering the use of renewable diesel in its tractors, thereby curbing over 15,000 tons of greenhouse gas emissions. By opting for Neste’s renewable diesel, Valtra showcases its commitment to environmental stewardship while demonstrating the viability of renewable alternatives in the agricultural sector. Mikko Lehikoinen, Managing Director of Valtra EME, underscores the company’s dedication to sustainability initiatives and the positive impact of Neste MY Renewable Diesel on emissions reduction. Joni Pihlström, Vice President of Marketing & Services at Neste, lauds the partnership’s role in advancing emission reduction targets and emphasizes the importance of collaborative efforts in combating climate change. Neste MY Renewable Diesel, derived from 100% renewable raw materials, powers Valtra tractors exported globally, reinforcing the message of sustainability across 75 countries.

(PRESS RELEASE) ESPOO, 5-June-2024 — /EuropaWire/ — In a significant achievement for both Finnish Valtra, a global tractor manufacturer under AGCO Corporation, and Neste (HEL: NESTE), the world’s leading producer of sustainable aviation fuel and renewable diesel, the companies celebrate the milestone of utilizing 5 million liters of Neste MY Renewable Diesel™ at Valtra’s Suolahti factory in Finland. This renewable diesel has been employed not only as a factory-fill fuel but also in testing and in the factory’s forklift trucks. By making this switch from fossil fuels, Valtra has successfully prevented over 15,000 tons of greenhouse gas emissions, an amount equivalent to emissions produced by a Valtra T Series tractor running continuously for 390,000 hours under specific conditions.

The partnership between Neste and Valtra dates back to 2017 when Valtra became the pioneering tractor factory globally to introduce Neste MY Renewable Diesel in its new tractors. This innovative fuel has the potential to reduce greenhouse gas emissions by up to 75% or even up to 95% over the fuel’s life cycle compared to traditional fossil diesel.

Neste MY Renewable Diesel is manufactured entirely from renewable raw materials like used cooking oil and animal fat sourced from food industry waste, making it a sustainable solution. These new Valtra tractors, powered by Neste MY Renewable Diesel, are exported from Finland to more than 75 countries worldwide.

Mikko Lehikoinen, Managing Director of Valtra EME, emphasizes Valtra’s dedication to sustainability, highlighting their various initiatives focused on emission reduction, energy consumption, waste management, and resource efficiency. Lehikoinen notes that the decision to transition to Neste MY Renewable Diesel as the primary fuel demonstrates their commitment to reducing emissions and sets an example for tens of thousands of farmers globally, showcasing that their tractors can operate efficiently on renewable diesel.

Joni Pihlström, Vice President of Marketing & Services at Neste, expresses pride in the longstanding partnership with Valtra and the positive impact of Neste MY Renewable Diesel in supporting Valtra’s emission reduction targets. Pihlström also underlines the importance of expanding collaborations, such as joining the Finnish Future Farm project, to further promote lower-emission solutions and combat climate change effectively.

Neste in brief

Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. The company refines waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials.

As the world’s leading producer of sustainable aviation fuel and renewable diesel and a forerunner in developing renewable and circular feedstock solutions for polymers and chemicals, Neste helps its customers to reduce their greenhouse gas emissions by at least 20 million tons annually by 2030.

The company’s ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe. Neste is committed to reaching carbon-neutral production by 2035, and will reduce the carbon emission intensity of sold products by 50% by 2040. Neste has also set high standards for biodiversity, human rights and the supply chain. The company has consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2023, Neste’s revenue stood at EUR 22.9 billion. Read more: neste.com

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SOURCE: Neste