Neste Reaching the Climate ‘A List’ of CDP

IASA: Nachhaltige Luftfahrt - Sustainable Aviation

Recognized as world leader for corporate action on climate change

Keilaranta, Finland, October 25, 2016: For the first time, Neste has reached the Carbon Disclosure Project’s (CDP) highest Climate A List. This recognition is due to Neste’s work in combating climate change. Of the thousands of companies involved in the climate change program, only 193 made it onto the list. Only five of all companies awarded a position on the ‘A List’ represent the energy sector, which highlights Neste’s exceptional role and actions within its industry on climate change. Of the energy sector players, Neste is the only company from the Nordics included in the A-list.

The ‘A List’ recognizes companies that were considered to have most effectively tackled climate change, and adapted to it. Companies had to achieve over 75 percent of the total score in all the areas evaluated, including “Leadership”. The reporting of ‘A List’ companies on climate emissions also had to be public and sufficiently comprehensive, as well as for the most part certified by an independent third party, in accordance with an approved certification standard.

Building a low-carbon society

Neste is the world’s leading developer of low-carbon solutions for road and air traffic, as well as the chemical and plastics industries worldwide. “We support the Paris Agreement by operating more efficiently. But our major impact in climate change mitigation is achieved through offering our top-quality, drop-in solutions for a low-carbon society,” says Neste’s Senior Sustainability Advisor Pekka Tuovinen. “By refining high-quality renewable fuels, last year we helped our customers cut their greenhouse gas emissions by as much as 6.4 million tons. Our aim is to increase this figure to 9.0 million tons,” says Tuovinen.

“We congratulate the 193 A List companies that are leading the change towards our low carbon future. Companies are key actors in enabling the global economy to achieve its new climate goals, and the leadership of this group points the way for others to take bold action and capitalize on the many opportunities that await,” says CDP’s Chief Executive Officer Paul Simpson.

Carbon Disclosure Project (CDP)

The Carbon Disclosure Project is an international non-profit organization that supports sustainable economic development. Thousands of companies take part in CDP’s annual Climate evaluation. Neste is among the nine percent selected on CDP’s Climate A List. Based on the previous year’s emission reporting, the list includes 14 Nordic companies. Six (including Neste) are from Finland, four from Sweden, three from Denmark and one from Norway. The list is available on the CDP website.

Source: Neste

EBACE: Gulfstream G450 and G550 Cross Atlantic on Renewable Jetfuel

Savannah, Georgia, May 23, 2016: Gulfstream Aerospace Corp. today announced that the Gulfstream corporate jets G450 and G550 flew from Savannah to Geneva on a renewable fuel blend to join Gulfstream’s static display at the 2016 European Business Aviation Convention & Exhibition (EBACE).

In addition to the G450 and G550 flights to EBACE, all of Gulfstream’s Savannah-based demonstration aircraft and the G500 flight-test fleet have flown on the renewable fuel blend. “At Gulfstream, the foundation of our business is delivering on our promises and setting new standards for the industry,” said Mark Burns, president, Gulfstream. “In 2011, the G450 was the first business jet to cross the Atlantic using biofuels. The G450 and G550 flights to Geneva are the first transatlantic flights made using our own renewable fuel supply and mark an important milestone in our mission to practice sustainability throughout every aspect of our business.”

Gulfstream established a three-year agreement with its fuel supplier, World Fuel Services, in 2015 for a consistent supply of renewable fuels for daily flight operations in Savannah. The fuel, produced by AltAir, is a blend of low-carbon, drop-in renewable fuel and Jet-A. It provides the same performance as conventional, petroleum-based jet fuel and requires no changes to factory-standard engines or aircraft. Each gallon of renewable fuel burned is expected to achieve a more-than-50-percent reduction in greenhouse gas emissions, relative to petroleum-based jet fuel, on a lifecycle basis.

Gulfstream Cross Atlantic on Renewable Jetfuel

Gulfstream’s supply of low-carbon, drop-in replacement fuel provided by AltAir and World Fuel Services is derived from agricultural waste and is certified to meet the same industry specifications as petroleum Jet-A.

Source: Gulfstream

Neste: Reducing Greenhouse Gas Emissions from Traffic

IASA: Nachhaltige Luftfahrt - Sustainable Aviation

‘Smart & Clean’ project in the Helsinki capital region

Keilaranta, Finland, May 26, 2016: Neste is a founding member of the Smart & Clean foundation for the Helsinki capital region, established by the Finnish Innovation Fund Sitra. The purpose of the foundation is to develop the Helsinki capital region Area and Lahti into a world-class testing area for solutions that mitigate climate change.

The foundation focuses on producing and assembling projects to seek low-carbon solutions for traffic, food, housing and energy, among other applications. The aim is for the Helsinki capital region to function as a testing platform for low-carbon products and services for residents’ and companies’ everyday lives. At the same time, the region is a showcase for Finnish and international companies by introducing the best solutions to the challenges faced by cities. The region is hoped to attract investments, create jobs and support the emergence of new low-carbon business.

“Of the foundation’s spearhead themes, traffic and moving are particularly close to Neste. We can, for example, support the aim of public transport in the Helsinki region not to produce any CO2 emissions in the future,” says Simo Honkanen, SVP, Sustainability and Public Affairs at Neste and member of the Board of the Smart & Clean foundation.

“Our solutions already reduce greenhouse gas emissions from traffic by over six million tons a year around the world. In the United States, the cities of San Francisco and Oakland, for example, have considerably reduced their carbon footprint with our products. With the Smart & Clean cooperation, we will also support the cities in our home market in their own climate projects,” says Matti Lievonen, President and CEO of Neste.

The partners in the foundation include the Helsinki capital region cities Helsinki, Espoo, Kauniainen and Vantaa, as well as the City of Lahti and the Helsinki-Uusimaa Regional Council. Other companies besides Neste include Caverion, Fortum, Gasum, Helen, Kone, St1, Vaisala and YIT, the research and educational institutions Aalto University, University of Helsinki, Lappeenranta University of Technology, VTT and Sitra, as well as the State of Finland. The foundation will operate for five years, and its activities are funded through donations and grants.

Neste is a pioneer in oil refining and renewable solutions and the world’s leading producer of renewable diesel with an annual production capacity of more than 2 million tons.

Source: Neste Corporation

EPA’s higher than expected renewable fuel volume requirements

IASA: Nachhaltige Luftfahrt - Sustainable Aviation

Neste welcomes US EPA’s higher than expected renewable fuel volume requirements

Keilaranta, Finland, December 1, 2015: The Environmental Protection Agency (EPA) in the US published the final ruling covering renewable fuel volume requirements retrospectively for 2014 and prospectively for 2015 and 2016 on 30 November 2015. EPA also finalized the volume requirement for biomass-based diesel for 2017.

Volume requirements are set separately for different types of biofuels. Neste’s NEXBTL renewable diesel meets the requirements of an advanced biofuel in the biomass-based diesel category (D4). Volume requirements for biomass-based diesel for 2015, 2016, and 2017 are higher than the ones proposed by the EPA in May 2015.  More information on the volume requirements is available at EPA’s website.

“We are pleased to see EPA taking steps towards a more forward-looking rulemaking in setting renewable fuel volume requirements. This provides important predictability and stability for our business”, says Kaisa Hietala, Executive Vice President of Neste’s Renewable Products business area.

“The US continues to be an important market for Neste and our NEXBTL renewable diesel. The increase in requirement for advanced biofuels is in line with our expectations. We agree that growing volume requirement on the advanced biofuels is the right way to go as they provide greater greenhouse gas reductions and are a very effective way to reach carbon emission reduction targets”, continues Hietala.

Neste’s NEXBTL renewable diesel is an ideal low-carbon fuel for US refiners, blenders, and fuel distributors to meet their renewable fuel standard obligations, as it is fully compatible with existing fuel distribution systems. NEXBTL renewable diesel is also increasingly being used by US cities (e.g. City of Oakland and City of Walnut Creek) and corporations (e.g. UPS and Google) to reduce their carbon footprint.

Source: Neste Corporation