Neste expands its renewable diesel offering in Europe with the launch of Neste MY Renewable Diesel in Belgium

Neste expands its renewable diesel offering in Europe with the launch of Neste MY Renewable Diesel™ in Belgium

(PRESS RELEASE) ESPOO, 2-Jul-2021 — /EuropaWire/ — Neste, the world’s leading provider of renewable diesel and sustainable aviation fuel and the 4th most sustainable company in the world*, introduces its Neste MY Renewable Diesel™ in the Belgian market in collaboration with the channel partner EG Group. Neste MY Renewable Diesel, produced from 100% renewable raw materials, enables customers to reduce greenhouse gas emissions by up to 90%** over the fuel’s life cycle compared to fossil diesel.

“This expansion is another important step in the execution of our growth strategy globally. We are very excited to expand our renewable diesel offering in Europe and especially in Belgium, a country which is at the heart of Europe. We firmly believe that all solutions are needed to reduce transportation-related emissions and support the sector’s contribution to the EU-level target of reaching carbon-neutrality by 2050,” says Peter Vanacker, President and CEO at Neste.

“With the use of Neste MY Renewable Diesel, our customers can reduce their  greenhouse gas emissions in an instant. Neste MY Renewable Diesel is a sustainable alternative to fossil diesel, and its use does not require any modifications to existing engines, vehicles or fuel distribution infrastructure. We are committed to supporting our customers to reduce greenhouse gas emissions by at least 20 million tons annually by 2030,” adds Carl Nyberg, Executive Vice President for Neste’s Renewable Road Transportation business unit.

“We are excited to expand our cooperation with Neste. Since the joint launch of Neste MY Renewable Diesel in the Netherlands, we offer Neste MY Renewable Diesel B2B home base deliveries and to B2B and private customers via our fuel stations. Following the success in the Netherlands, we are looking forward to entering the Belgian market and supporting the customers to reduce their greenhouse gas emissions immediately,” says Jurgen Artz, EG Fuel Director – Europe from EG Group.

The launch follows the successful introduction of Neste MY Renewable Diesel on the Dutch market in October 2019. The fuel is currently available at more than 100 stations throughout the Netherlands and more than 500 locations worldwide.

Besides Belgium, Neste MY Renewable Diesel is available for customers in the Netherlands, Finland, Sweden, Estonia, Latvia, Lithuania and the United States in California and Oregon.

Growing availability of renewable diesel and sustainable aviation fuel

Neste’s Rotterdam refinery together with the company’s Singapore refinery, are the world’s biggest and most advanced renewable diesel and renewable products refineries. The total annual production capacity of Neste’s renewable diesel and other renewable products is currently 3.2 million tons, and by the first quarter of 2023 it will increase to close to 4.5 million tons.

*) According to the Corporate Knights 2020 Global 100 Most Sustainable Corporations list.

**) The method used to calculate life cycle emissions and emission reduction complies with the EU Renewable Energy Directive (2009/28/EC).

Media contacts:

Susanna Sieppi
Vice President, Communications

tel. +358 50 458 5076 / 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 renewable diesel and sustainable aviation fuel, developing chemical recycling to combat the plastic waste challenge. We aim at helping customers to reduce greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. As a technologically advanced refiner of high-quality oil products with a commitment to reach carbon-neutral production by 2035, we are also introducing renewable and recycled raw materials such as waste plastic as refinery raw materials. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2020, Neste’s revenue stood at EUR 11.8 billion, with 94% of the company’s comparable operating profit coming from renewable products. Read more: neste.com

EG Group in brief

EG Group is a leading global independent convenience retailer with a diversified portfolio of over 6,000 sites across ten countries in North America, Europe and Australia. Founded in 2001 by Co-CEOs Mohsin and Zuber Issa with the acquisition of a single site in the UK, the Group provides an innovative approach to forecourt trading and a best-in-class customer experience for Grocery & Merchandise, Foodservice and Fuel; providing excellent service and good value, quality products at well maintained, convenient locations. The group’s transformation has been built upon excellent relationships with a portfolio of international brand partners and strategic acquisitions, supported by 44,000 employees globally who continuously deliver the products and services to up to 24 million customers per week and support the local communities in which EG Group operates.

EG Fuel – a business unit of EG Group – focuses on the purchase, storage, distribution and sale of (alternative) fuels, lubricants and AdBlue. EG Fuel is uniquely positioned to capitalize on the opportunities presented by the transition to alternative fuel vehicles and appliances. The group operates the largest number of sites in its sector, allowing space for the inclusion of alternative fuels via its fuel terminals and sites.

SOURCE: Neste Corporation