Neste Corporation, News, 1 July 2024
Neste welcomes the French government's decision to approve the sales of transport fuels from 100% renewable raw materials, such as renewable diesel (also known as “HVO100”), at fuel stations. So far, the sales have been limited to logistics companies with dedicated fuel supply networks. HVO100 has therefore not been available to the general public. The decision by the government allows HVO100 fuels, such as Neste’s renewable diesel, to be sold and used unblended in all user segments in France.
"We are very pleased that the French government has decided to approve the sales of transport fuels from 100% renewable raw materials, allowing also renewable diesel to be sold at all fuel stations. This is a significant step in the fight against climate change and means that in the near future, also privately operated vehicle fleets and consumers will be able to use this product and instantly reduce their greenhouse gas emissions," says Claudia Stuckmann-Invernizzi, Vice President, Public Affairs.
Neste's commitment to help reducing the transport sector’s emissions was illustrated in November 2023 with the signing of agreements with two fuel distributors to sell Neste MY Renewable Diesel in the French market. Fuels such as Neste MY Renewable Diesel™, produced from 100% renewable raw materials, are a ready-to-go solution for emission reductions. They are widely available and their use helps reduce emissions from the existing fleet of both light-duty and heavy-duty vehicles in Europe and elsewhere. They are an essential piece of the sustainable mobility puzzle.
By using Neste MY Renewable Diesel greenhouse gas emissions (GHG) can be reduced by up to 75 or up to 95%* over the life cycle of the fuel compared to fossil diesel. Neste MY Renewable Diesel is fully compatible with all diesel engines and the existing fuel distribution infrastructure.
Neste MY Renewable Diesel has a similar chemical composition to fossil diesel, making it a drop-in replacement to this fossil fuel. It can be used unblended (100% concentration) without the need for any changes in the diesel-powered vehicles or their engines. The use of 100% renewable diesel is widely approved by vehicle and engine manufacturers.
*) The GHG emission reduction varies depending on the region-specific legislation that provides the methodology for the calculations (e.g. EU RED II 2018/2001/EU for Europe and US California LCFS for the US), and the raw material mix used to manufacture the product for each market.
Further information: Please contact Neste's media service, tel. +358 800 94025 / media@neste.com (weekdays from 8.30 a.m. to 4.00 p.m. EET). Please subscribe to Neste’s releases at https://www.neste.com/for-media/releases-and-news/subscribe.
Neste in brief
Neste (NESTE, Nasdaq Helsinki) uses science and innovative technology to transform waste and other resources into renewable fuels and circular raw materials. The company creates solutions for combating climate change and accelerating a shift to a circular economy. Being the world’s leading producer of sustainable aviation fuel (SAF) and renewable diesel and a forerunner in developing renewable and circular feedstock solutions for polymers and chemicals, the company aims to help its customers to reduce their greenhouse gas emissions by at least 20 million tons annually by 2030.
The company’s ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe. Neste is committed to reaching carbon-neutral production by 2035, and will reduce the carbon emission intensity of sold products by 50% by 2040. Neste has also set high standards for biodiversity, human rights and the supply chain. The company has consistently been included in the CDP and the Global 100 lists of the world’s most sustainable companies. In 2023, Neste's revenue stood at EUR 22.9 billion. Read more: neste.com...
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