Neste: Record Greenhouse Gas Reductions
Emission reductions from renewable fuel of Neste corresponds to greenhouse gas emissions of about 1.3 million cars
Keilaranta, Finland, March 8, 2016: Neste’s record-breaking year in 2015 was also record-breaking from an environmental excellence viewpoint. Globally, Neste renewable diesel reduced greenhouse gas emissions by about 6.4 million metric tons. This corresponds to the greenhouse gas emissions of about 1.3 million cars, or over 50% of the greenhouse gas emissions of Finnish road traffic. Compared to 2014, the reduction increased by about one million metric tons, especially due to more extensive use of waste and residue raw materials.
“Our vision is to create responsible choices every day, and that really is what we do, as we provide customers and society with solutions for reducing greenhouse gas emissions. We are the world’s largest company that produces renewable fuel from waste and residue raw materials, and our goal is to further increase their use because they result in the highest greenhouse gas emission reductions”, says Kaisa Hietala, Executive Vice President, Renewable Products at Neste.
The amount of waste and residue used in Neste renewable fuel refining increased to almost 2 million metric tons in 2015. They were used for refining almost 2 billion liters of Neste Renewable Diesel, which is enough to power about 2 million cars for 12 months if used as 100% blend.
Using Neste Renewable Diesel results in 40-90% lower greenhouse gas emissions compared to fossil diesel. Using waste and residues as raw material the greenhouse gas emissions can be up to 90% lower than those of fossil diesel.
In practice, Neste is capable of refining renewable diesel from almost any fat-containing raw material. Suitable waste and residues are created as the by-products of the food and vegetable oil industry, for example. Neste has substantially increased its waste and residue use in recent years. In 2015, they accounted for 68% of the raw materials of renewable diesel produced by Neste. The share of crude palm oil has decreased to 32%.
The goal of Neste is to annually reduce greenhouse gas emissions by a total of 7 million metric tons with renewable fuels by 2017.
Utilizing fat-containing waste of an increasingly lower quality is a main priority for research conducted by Neste. The company also performs research to find totally new raw materials for renewable fuel production, such as wood-based raw material and algal oil. About 1,000 of Neste’s 5,000 employees work with R&D and engineering.
Source: Neste Corporation