Neste Corporation
Press release
30 November 2017 at 6.30 pm (EET)
Increasing Biomass-Based Diesel Volumes included in US EPA's 2018 renewable volume final rule
The Environmental Protection Agency (EPA) in the US published the final ruling covering renewable fuel volume requirements for 2018 under the Renewable Fuel Standard (RFS) program on 30 November 2017.
Neste MY Renewable Diesel meets the requirements of an advanced biofuel in the biomass-based diesel category. The final ruling increases requirements for advanced biofuels in the biomass-based diesel category from the current 2.0 billion gallons to 2.1 billion gallons in 2018. The EPA also finalized a volume requirement for biomass-based diesel for 2019 to remain at the same level as in 2018. The final ruling is available on the EPA's website.
"We appreciate the EPA's commitment to advanced biofuels and getting the Renewable Fuels Standard program back on predictable track," says Kaisa Hietala, Executive Vice President of Neste's Renewable Products business area.
"Neste MY Renewable Diesel is an ideal low-carbon fuel to meet the US renewable fuel standards, as it is fully compatible with existing fuel distribution systems," continues Hietala.
Many public and private fleets in California use Neste MY Renewable Diesel to meet their greenhouse gas emission reduction targets. Additionally, US refiners, and blenders use Neste MY Renewable diesel to meet their renewable fuel requirements.
Neste Corporation
Kaisa Lipponen
Director, Corporate Communications
Further information: Kaisa Hietala, Executive Vice President, Renewable Products, tel. +358 50 458 4128
Neste in brief
Neste (NESTE, Nasdaq Helsinki) builds sustainable options for transport, business and consumer needs. 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 with 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 with widely valued expertise, research and responsible practices. 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