Neste launches Neste MY Renewable Diesel to the Swedish transport market

Neste launches Neste MY Renewable Diesel to the Swedish transport market

ESPOO, 12-Nov-2018 — /EuropaWire/ — Neste is launching Neste MY Renewable Diesel for the Swedish transport market. It is made from 100% renewable raw materials and emits up to 90% less greenhouse gas emissions compared to conventional fossil diesel.

With 2.7 million tons, Neste is responsible for the majority of total renewable diesel production globally. Neste MY Renewable Diesel reduced climate emissions by 8.3 million tonnes of CO2 in 2017. This is equivalent to taking more than 3 million fossil-fuel cars off the roads or making a city the size of Stockholm car-free for 8 years. Neste is targeting to produce about 4 million tons of renewable fuels by 2022. In 2017 renewable fuels accounted for 21.4% of the total transportation fuel usage in Sweden, and  consumption of renewable fuels is growing rapidly, by 19% in 2018 compared to 2015 and the most of this increase is due the use of HVO (Hydrotreated Vegetable Oil) such as Neste MY Renewable Diesel.

“Sweden has incredibly ambitious climate targets, not least that the country should be fossil-free by 2045. We and other companies which produce renewable fuels need clear policies and predictable forecasts, if we are to secure new investment and increase production, which is required to significantly reduce emissions from the transport sector and achieve our climate goals”, says Carl Nyberg, Neste’s Vice President in Sales Scandinavia.

Neste MY Renewable Diesel can be used in all diesel engines and existing fuel distribution systems. The fuel is being launched in Sweden under the motto “Five minutes to fossil-free”.

Neste MY Renewable Diesel sales in Sweden is aimed initially at the transport industry and other business customers and is sold via the distributors Swea Energi, Biofuel Express, Ecobränsle, Colabitoil and Energifabriken. But the fuel works just as well in private cars and can easily replace traditional diesel here as well.

Neste MY Renewable Diesel is produced from 100% renewable raw materials. A large number of different waste fats are used in the production, including waste and residues from meat, fish and vegetable oil industry. Neste MY Renewable Diesel has the same chemical composition as fossil diesel and easily replaces conventional diesel or can be blended in any proportion.

Neste Corporation

Kaisa Lipponen

Director, Corporate Communications and Brand Marketing

Additional information: Carl Nyberg, Vice President, Sales, Scandinavia, +358 50 458 4274

Neste in brief

Neste (NESTE, Nasdaq Helsinki) creates sustainable solutions for transport, business, and consumer needs. Our wide range of renewable products enable our customers to reduce climate emissions. We are the world’s largest producer of renewable diesel refined from waste and residues, introducing  renewable solutions also to the aviation and plastics industries. We are also a technologically advanced refiner of high-quality oil products. We want to be a reliable partner with widely valued expertise, research, and sustainable operations. In 2017, Neste’s revenue stood at EUR 13.2 billion. In 2018, Neste placed 2nd on the Global 100 list of the most sustainable companies in the world. Read more: neste.com

SOURCE: Neste