Neste Corporation Press Release 9 January 2017 at 10.00 am. (EET)
Neste has launched a renewable diesel made entirely from waste and residues under the brand name Neste MY Renewable Diesel at select service stations in the Helsinki region today, 9 January 2017. The product enables up to 90% lower greenhouse gas emissions throughout the life cycle of the fuel compared to conventional fossil diesel.
"The launch of Neste MY is a long-expected opener in the Finnish diesel market. We want to offer this premium product to environmentally conscious consumers and corporate customers, as well as give them the chance to migrate to entirely renewable fuels. The launch of the product is also one of the ways in which Neste takes part in the centennial of Finland's independence in 2017," says Neste's President & CEO, Matti Lievonen.
Sales of Neste MY will begin at Neste service stations in Finland, namely Espoo Piispanmäki, Vantaa Ilmakehä, Helsinki Konala, Espoo Otaniemi, Espoo Olari and Vantaa Varisto. The product is priced somewhat higher than Neste Pro Diesel, containing at least 15% of renewable diesel. During January, sales of Neste MY will also expand to select Neste Truck stations for heavy traffic in Finland.
"Our corporate customers have been hoping for a completely renewable fuel at our Neste Truck stations. We are extremely pleased that we will now be able to respond to this wish. We will introduce Neste MY at nine Neste Truck stations and aim to expand its availability during the year," Lievonen adds.
The use of Neste MY Renewable Diesel does not require any modifications to vehicles. It is fully compatible with existing diesel fuels so it can be refueled in any blending ratio. The properties of Neste MY Renewable Diesel are better or identical to the world's best fossil diesel fuels, and have a smaller environmental load. Thanks to its top qualities, the fuel ensures a clean combustion as well as reduces noise and local emissions. Its properties are well suited for Finnish weather conditions and therefore the motorist does not have to fear that the car may break down on the road, even in the coldest winter temperatures.
Production of Neste MY Renewable Diesel is based on Neste's proprietary NEXBTL technology which can be used for producing premium-quality renewable diesel and other renewable products from almost any waste fat or vegetable oil. The feedstock selection available for Neste's renewable diesel has been successfully expanded to more than 10 raw materials. The company is engaged in continuous development work to further expand the raw material base.
Solutions to customers
Neste's renewable diesel is already extensively used in California, among others, where it helps cities and counties to reduce greenhouse gas emissions from traffic. Customers that use Neste's renewable diesel include San Diego , San Francisco , Oakland , Walnut Creek , Carlsbad and the county of Sacramento .
Companiessuch as Google and UPS in the United States and DB Schenker and Lassila & Tikanoja in Finland have also decided to reduce their carbon footprint with Neste MY Renewable Diesel. In Finland, Neste MY was used for producing low-emission energy for the Flow festival and Weekend Festival in summer 2016.
Neste Corporation
Kaisa Lipponen Director, Corporate Communications
Read more:
Neste MY Renewable Diesel campaign site (in Finnish) Contact information for Neste stations on the station search site (in Finnish) Benefits of Neste Renewable Diesel
More information: Sam Holmberg, Vice President, Oil Retail in 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 options 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 widely appreciated. In 2015, Neste's net sales stood at EUR 11 billion, and we were on the Global 100 list of the 100 most sustainable companies in the world. Read more: www.neste.com/en
Attachments:A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/Attachm...16d1ef29db
