Neste's Renewable Fuels Reduced Global Climate Emissions by 8.3 Million Tons In 2017

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Feb 21, 2018, 08:00 ET

HOUSTON, Feb. 21, 2018 /PRNewswire/ -- Replacing fossil fuels with Neste's renewable fuels reduced global climate emissions altogether by a staggering 8.3 million metric tons or 8.3 billion kilograms in 2017. This is equal to removing 3 million passenger cars from the roads for a full year – almost half the amount of cars in the city of Los Angeles, CA, for example.

Neste's Renewable Fuels Reduced Global Climate Emissions by 8.3 Million Tons In 2017

The amount of greenhouse gas emissions saved with Neste's renewable fuels, primarily Neste MY Renewable Diesel, increased by 1.6 million tons from 2016 thanks to increased production at Neste's renewable fuels refineries in Finland, the Netherlands, and Singapore.

"Seeing these impressive numbers is very encouraging for us," said Jeremy Baines, vice president of sales, Neste US, Inc. "Everything we do at Neste is in service of making our customers' lives easier, healthier, and more sustainable. Seeing our goals accomplished in such a tangible way is immensely fulfilling."

Neste's greatest climate contribution

The emission reduction is calculated by comparing the life cycle greenhouse gas emissions of the renewable fuels that Neste produces in a year to the life cycle emissions of the equivalent amount of conventional diesel. This highlights Neste's positive climate contributions.

Replacing fossil diesel with Neste MY Renewable Diesel provides the greatest benefit to end users. Refined from waste and residue raw materials, such as meat processing wastes, used cooking oils, and residues from vegetable oil processing, Neste MY Renewable Diesel provides up to 80% reduction in carbon emissions. Waste and residues account for the vast majority of Neste's renewable raw material usage.

In addition to significantly reducing global climate emissions, replacing conventional diesel with Neste MY Renewable Diesel can improve local air quality by reducing local exhaust emissions, nitrogen oxides, particulates, and carbon monoxide. The clearer, emission-cutting benefits Neste My Renewable Diesel can offer are strongest in older and less developed engines.

Neste MY Renewable Diesel is already available to fleets in California.

Neste Corporation

Neste (NESTE, Nasdaq Helsinki) creates sustainable solutions for transport, business, and consumer needs. Our wide range of renewable products enable our customers to reduce climate emissions. We are the world's largest producer of renewable diesel refined from waste and residues, introducing renewable solutions to the aviation and plastics industries. We are also a technologically advanced refiner of high-quality oil products. We want to be a reliable partner with widely valued expertise, research, and sustainable operations. In 2017, Neste's revenue was $16.2 billion. In 2018, Neste placed 2nd on the Global 100 list of the most sustainable companies in the world. Read more: nesteMY.com.

Media Contact:
Helen Deian
Neste US, Inc.
713-407-4400
[email protected]

SOURCE Neste