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

Neste Supports a Universal Climate Agreement

Matti Lievonen: We have to de-carbonize fuels for our roads, skies and seas

Helsinki, November 18, 2015: Neste encourages businesses to be proactive in order to protect the climate. In this regard Matti Lievonen, President & CEO of Neste Corporation, made the following statement:

Evidence of climate change and the role of human activity as its main cause is compelling. A universal agreement is needed to keep global warming below 2°C. We hope this goal will be achieved at the UN Climate Change Conference in Paris. This requires action from all of us and it is very clear that industries must do their part to decrease greenhouse gas emissions.

Fair pricing of greenhouse gas emissions through taxation or emission trading, as well as measures to promote renewable alternatives, should be put in place in order to mitigate the climate effects of growing emissions. These measures are opportunities that can trigger new waves of innovation and sustainable growth.

Businesses play an important role in reducing emissions. As a technology leader and the world’s largest producer of renewable diesel, Neste encourages governments and businesses to embrace the opportunity that sustainably produced advanced biofuels provide to de-carbonize fuels on our roads, skies and seas. The use of our NEXBTL renewable diesel has been found to result in 40–90% lower greenhouse gas emissions than fossil diesel. Through the use of our NEXBTL renewable diesel, companies such as UPS and cities such as Oakland in California are reducing their emissions. Renewable raw materials can also replace fossil oil in other applications, such as plastics, and we are also exploring new and exciting opportunities in these areas.

Decreasing our own emissions is also important for Neste and energy efficiency is key in the production of our high quality fuels. Yet our most significant contribution to reducing greenhouse gas emissions is offered by our renewable products business. The reductions of emissions which results from our customers using our renewable diesel more than makes up for our own emissions. For example, in 2014 the direct greenhouse gas emissions resulting from our operations were 3.2 million tons and the reduction in emissions achieved during the year through renewable diesel produced by us amounted to 5.6 million tons.

We are also combating climate change by improving the sustainability of our supply chain. Over 70% of our renewable raw materials are waste and residue. With regard to palm oil, our suppliers are committed to Neste’s No-Deforestation and Responsible Sourcing Guidelines, developed in collaboration with The Forest Trust (TFT), and we have begun to purchase crude palm oil that has undergone a methane capture process during production.

Policies and regulations are needed to set the direction and boost investments into renewable energy. The UN Climate Change Conference in Paris is an important step in this respect and we hope a universal agreement will be achieved. However, in addition, businesses must also proactively seek to promote renewable alternatives and Neste is committed to being part of this crucial journey of the 21st century.

Matti Lievonen, President & CEO Neste Corporation

Matti Lievonen, President & CEO Neste Corporation

And I also encourage our people at Neste to take action against climate change in their own personal lives by reducing their own carbon footprint. For example, residents of Finland can take part in the Climate Pledge campaign. Climate change concerns us all and we must all be part of the solution.

Matti Lievonen

President & CEO
Neste Corporation

Neste and Boeing Will Work Together

IASA: Nachhaltige Luftfahrt - Sustainable Aviation

Leading the industry on commercialization of renewable aviation fuels

Helsinki, November 4, 2015: Neste, the leading producer of renewable diesel and Boeing, the world’s largest aircraft manufacturer, will work together to promote and accelerate the commercialization of renewable aviation fuel. The companies will work toward American Society for Testing and Materials (ASTM) fuel standard approval allowing the commercial use of high freezing point renewable aviation fuel by airlines. The goal is also to gain widespread market acceptance for renewable aviation fuels, and to progress sustainability accreditation efforts.

Neste anticipates that its high-quality renewable aviation fuel could help the aviation industry to achieve its greenhouse gas saving targets:

  • carbon-neutral growth from 2020 and a
  • net reduction in carbon emissions of 50% by 2050 compared to 2005.

“Airlines and airplane manufacturers are undertaking several initiatives to lower the industry’s carbon footprint, and renewable aviation fuel will be a key part of their long-term environmental solution,” says Kaisa Hietala, Neste’s Executive Vice President of Renewable Products.  “We are very excited to work with Boeing, in order to help create a commercially viable market for renewable aviation fuels”.

Julie Felgar, Boeing Commercial Airplanes’ Managing Director of Environmental Strategy & Integration: “Boeing is proud to collaborate with Neste, a global leader in renewable fuel production, to meet our shared goals of expanding the supply and reducing the cost of sustainable aviation biofuel,” says Julie Felgar. “The aviation industry is committed to making air travel more sustainable.”

In 2014, Boeing successfully tested Neste’s renewable aviation fuel in a 15% blend with petroleum jet fuel in the Boeing ecoDemonstrator 787, a test airplane that assesses technologies that can reduce aviation’s environmental footprint. The 787 made an initial flight with this biofuel blend in one engine, followed by several flights with the biofuel blend in both engines. Based on its test flights, Boeing reported that “the airplane performed as designed with the renewable jet blend, just as it does with conventional jet fuel”.

Produced entirely from renewable and sustainable raw materials, Neste’s renewable aviation fuel will provide significant reduction in greenhouse gas emissions by up to 90%; in addition, the fuel is free of aromatics and sulfur, which should result in cleaner turbine exhaust emissions. Neste’s renewable aviation fuel is energy dense and has good thermal stability properties making it an excellent blending component.

Neste about Neste: Neste is a forerunner in oil refining and renewable solutions. We offer our customers cleaner traffic solutions and industrial products based on cutting-edge research. We are the leading producer of renewable diesel in the world, with an annual production volume of more than 2 million tons. We are also the world’s largest producer of renewable fuels from waste and residues. Our sustainable practices have received recognition in the Dow Jones Sustainability World Index and the Global 100 list of the world’s most sustainable companies. In 2014, our revenue amounted to EUR 15 billion. Neste shares are listed on NASDAQ Helsinki. Cleaner traffic, energy and life are moved forward by 5,000 professionals. Learn more at neste.com

Source: Neste Corporation

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