The US EPA announced its proposal on renewable fue

Neste Corporation Press Release 6 July 2017 at 12.30 pm (EET)

The US EPA announced its proposal on renewable fuel volume requirements

The Environmental Protection Agency (EPA) in the USA finalized the renewable fuel volume requirements for 2018 under the Renewable Fuel Standard (RFS) program on 5 July 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 proposed a volume requirement for biomass-based diesel for 2019 to remain at the same level as in 2018. The EPA is expected to finalize the volume requirements for all biofuel categories later this year. The proposal is available on the EPA's website . "We appreciate the EPA's commitment to biofuels and continued support to Renewable Fuel Standard program," 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. We look forward to continued participation in the US market and the finalization of the volume requirements," continues Hietala.

Neste MY Renewable Diesel is being used by US fuel distributors, refiners, and blenders to meet their renewable fuel requirements. Additionally, the fuel is being used by US cities such as San Diego and Sacramento as well as corporations such as UPS.

Neste Corporation Kaisa Lipponen Director, Corporate Communications

Neste in brief

Neste (NESTE, Nasdaq Helsinki) builds sustainable solutions for the needs of transport, businesses and consumers. Our global range of products and services allows customers to reduce 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 appreciated worldwide. 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