Finnish consumers have reduced emissions by an amount

Neste Corporation
Press Release
31 May 2017 at 9.00 am. (EET)

Finnish consumers have reduced emissions by an amount equaling 560 flights around the world using Neste MY Renewable Diesel

At the beginning of the year, Neste launched Neste MY Renewable Diesel, produced 100% from waste and residues, in the Finnish diesel market. It has helped Finnish consumers to reduce greenhouse gas emissions by more than 1.5 million kg. This figure corresponds with emissions caused by 560 round-the-world charter flights for one person or the annual emissions of more than 500 private cars.

"We are very happy that Finnish consumers have accepted Neste MY Renewable Diesel with so much enthusiasm. Currently, consumers are more environmentally conscious and demand cleaner fuel options. Neste MY Renewable Diesel allows consumers and our corporate customers to use fully renewable fuels," says Sam Holmberg, Vice President responsible for Neste's Marketing and Services business area in Finland.

Consumers value renewable raw materials in fuel production

The results of a survey* conducted by Neste also indicate that consumers are environmentally conscious. Of all respondents, as many as four out of five find it very important to reduce transportation-induced greenhouse gas emissions. What is especially significant is that almost half (45%) of the respondents feel that they can only have little impact on emissions. However, a total of nearly 90% of all respondents find it very or fairly important that renewable raw materials are used in fuel and energy production as much as possible.

The production of Neste MY Renewable Diesel is based on Neste's proprietary NEXBTL technology, which serves to produce high-quality renewable diesel and other renewable products from nearly any waste fat or vegetable oil. The raw material base that Neste uses to produce its renewable diesel includes already more than 10 raw materials. The company is engaged in continuous development to further expand the raw material base. Compared to conventional fossil diesel, Neste MY Renewable Diesel has up to 90% lower greenhouse gas emissions during the lifecycle of the fuel.

The use of Neste MY Renewable Diesel does not require any modifications to vehicles. It is fully compatible with current diesel grades, and it can be added to the fuel tank at any point, even when there is some traditional diesel left in the tank. In terms of all of its properties, Neste MY Renewable Diesel is better than or at least as good as the world's leading fossil diesels, and it is much more environmentally sound. Its leading properties ensure cleaner combustion and reduce engine noise and local emissions.

* Neste's survey was responded to by 295 members of Neste's motorist panel (total number of members: 1,960; response rate: 15%) on November 4-11, 2016.

Neste Corporation

Kaisa Lipponen
Director, Corporate Communications

More information: Sam Holmberg, Vice President, Marketing & Services, Finland, Neste, tel. +358 50 458 4078

Neste MY Renewable Diesel in brief

Neste MY Renewable Diesel is classified as Hydrotreated Vegetable Oil (HVO) and it should not be confused with traditional biodiesel (FAME). Neste MY Renewable Diesel is a premium-quality product and it can be used in any blending ratio or as such in all diesel engines. Read more about the difference between renewable diesel and traditional biodiesel.

Neste in brief

Neste (NESTE, Nasdaq Helsinki) builds sustainable solutions for the needs of transport, businesses and consumers. Our global range of products and services allows customers to lower their carbon footprint by combining high-quality and low-emission renewable products and oil products to tailor-made service solutions. We are the world's largest producer of renewable diesel refined from waste and residues, and we are also bringing renewable solutions to the aviation and plastics industries. We want to be a reliable partner whose expertise, research and sustainable practices are appreciated worldwide. In 2016, Neste's net sales stood at EUR 11.7 billion, and we were on the Global 100 list of the most sustainable companies in the world. Read more: neste.com