Neste’s renewable products helped customers in several geographic markets to reduce greenhouse gas emissions by 10 million tonnes altogether last year.
According to the company, this amounted to the annual carbon footprint of 1.5 million average EU citizens or the removal of 3.7 million passenger cars from the roads for a full year.
“We are committed to help customers reduce greenhouse gas emissions by 20 million tonnes annually by 2030. We aim to achieve this commitment with our portfolio of renewable and circular solutions for road transportation and aviation, as well as for the plastics and chemicals industries. By achieving a greenhouse gas reduction of 10 million tonnes, we are already halfway through to fulfilling this. We are extremely proud to be working together with many forerunner customers and partners in reducing climate emissions,” said Peter Vanacker, President and CEO of Neste.
He added: “Innovative solutions from across the bioeconomy offer great potential for reducing emissions. For example in road transportation, the Renewable Energy Directive has been a powerful and successful tool to turn European transportation towards renewable energy. The EU Member States have for example reported that in 2018, almost 90% of renewables in transportation were biofuels.”
Neste has steadily increased the volume of its renewable products for more than 10 years. Today, the company has the capacity to produce 3.2 million tonnes of renewable products annually at its refineries in Singapore, Rotterdam and Porvoo, Finland.
To secure future growth, Neste is expanding its global feedstock and production platform for renewables. With its expansion in Singapore, Neste is bringing the total global renewable product capacity close to 4.5 million t/a in 2023.
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