Neste to divest its fuel retail business in Russia and sell it to PJSC Tafneft

Neste’s headquarter in Espoo, Finland

Neste Corporation signed an agreement to sell its fuel retail business consisting of 75 fuel stations and a terminal in St. Petersburg region to PJSC Tatneft, one of the leading integrated oil and gas companies in Russia. “The divestment – Finnish company stated – has no impact on Neste’s Marketing & Services’ operations in Finland and the Baltic countries”.

Continue reading

LyondellBasell and Neste started the first parallel production of bio-based polypropylene

The Maasvlakte, Netherlands, plant is one of three facilities that LyondellBasell operates in the Rotterdam port area. It is the largest PO/SM plant in the world where propylene oxide (PO) and styrene monomer (SM) are produced based on the company’s unique PO/SM technology.

LyondellBasell, one of the largest plastics, chemicals and refining companies in the world, and Neste, the world’s largest producer of renewable diesel from waste and residues,  jointly started the first parallel production of bio-based polypropylene and bio-based low-density polyethylene at a commercial scale.

Continue reading

Neste’s Zero Island project cuts emissions in Lidö in the Swedish archipelago by 78%

Neste’s headquarter in Espoo, Finland

Sweden is aiming to become climate neutral by 2045. However, it has been estimated by the UN Intergovernmental Panel on Climate Change (IPCC) that we may have as little as twelve years to tackle climate change. To examine what it takes to reduce CO2 emissions as fast as possible, Neste and its partners set to turn the island of Lidö in the Swedish archipelago into a climate neutral Zero Island in just twelve months. As a result of the project, the island’s emissions were brought down by an impressive 78 percent from their previous levels.

Continue reading

California goes green with Neste

Neste’s headquarter in Espoo, Finland

Renewable diesel fuel is soon to be much more accessible to fleet drivers looking to fuel up in northern and central California, thanks to cardlock locations that will be offering Neste MY Renewable Diesel™. This is the very first time vehicles can be fueled with this high performance low-carbon fuel directly at a station.

Continue reading

Sweden will introduce a greenhouse gas reduction mandate for aviation fuel

Finnair Flight

Sweden has an ambitious target of being fossil-free by 2045. As a part of the initiative, a proposal for decarbonizing aviation in Sweden was announced ten days ago. The proposal suggests that Sweden would introduce a greenhouse gas reduction mandate for aviation fuel sold in Sweden. The reduction level would be 0.8% in 2021, and gradually increase to 27% in 2030. The reduction levels are estimated to be equivalent of 1% (11.000 tons) sustainable aviation fuel in 2021, 5% (56.000 tons) in 2025 and 30% (340 000 tons) in 2030. This makes Sweden an undisputed leader in decarbonizing aviation.

Continue reading

Neste will boost its biofuel production capacity in Singapore

Neste’s headquarter in Espoo, Finland

Finnish biofuel producer and oil refiner Neste said on Wednesday  it will boost its biofuel production capacity in Singapore with a bigger-than-expected investment of €1.4 billion (S$2.2 billion).

Continue reading

A new partnership in the bioeconomy: Neste and Clariant signed an agreement

Neste’s headquarter in Espoo, Finland

Neste, the Espoo-based world’s leading provider of sustainable renewable diesel and an expert in delivering drop-in renewable chemical solutions, and Clariant, a world leader in specialty chemicals, signed an agreement for a new partnership to join forces in developing and making new sustainable material solutions accessible to a variety of industries.

Continue reading

Neste and Air BP joined forces to support aviation industry’s carbon reduction targets

Source: Neste

Neste, the world’s leading renewable products producer headquartered in Espoo (Finland), and Air BP, the international aviation fuel products and services supplier, entered into an agreement to explore opportunities to increase the supply and availability of sustainable aviation fuel for airline customers.

Continue reading

Neste, ReNew ELP and Licella joined forces to explore the potential of mixed waste plastic

Neste’s headquarter in Espoo, Finland

Neste, the world’s leading producer of renewable diesel headquartered in Espoo, Finland, UK-based chemical recycling company ReNew ELP, and Australian technology developer Licella are joining forces in a development project to explore the potential of using mixed waste plastic as a raw material for fuels, chemicals, and new plastics. In addition to studying liquefied waste plastic feasibility and sustainability as refinery raw material, the companies are also collaborating with the aim to facilitate regulatory acceptance for chemical recycling.

Continue reading

Neste explores ways to introduce liquefied waste plastic as a raw material for fossil refining

Neste’s headquarter in Espoo, Finland

Neste, the world’s leading producer of renewable diesel based in Espoo, Finland, is now exploring ways to introduce liquefied waste plastic as a future raw material for fossil refining. The aim of the development project is to proceed to industrial scale trial during 2019. The company’s target is to process annually more than one million tons of waste plastic by 2030.

Continue reading