Renewable diesel and SAF continue play key role in transport sector

Carl Nyberg, Senior Vice President Commercial, Renewable Products at Neste, reveals his biofuel outlook for the year ahead. Last year was a dynamic one especially for the biofuels industry with production capacity outpacing demand growth. This could be seen in the market for renewable diesel as well as in the sustainable aviation fuel (SAF) market. With the current volatility, predicting market development is hard. One thing is clear, however, the need for climate action has never been more urgent. The latest reports show that limiting global warming to 1.5C is creeping out of reach with 2024 setting a new record as the first year above 1.5C. The role of renewable fuels We need to fully embrace the solutions we have available today to defossilise and reduce emissions, while working on the solutions for tomorrow. Renewable fuels such as renewable diesel and SAF offer an available pathway to support the decarbonisation of the transportation sector, but ramping up production capacity remains...