Finnish Neste is focusing its raw materials research on waste plastics as a substitute for crude oil in the manufacture of oil products. The idea of “one’s waste is a valuable raw material to another” is central to the circular economy, and, for over a decade, it has inspired Neste’s development and production of renewable fuels. The company headquartered in Espoo already produces enough Neste MY Renewable Diesel, produced of waste and residues, to power more than two million cars for a year. This will enable Neste’s customers to reduce their greenhouse gas emissions by almost 7 million tons this year. Underpinning this progress is the company’s patented NEXBTL technology for refining low-quality waste fats into high-quality, fully renewable fuel. The same technology can be used to produce other renewable products also, such as renewable aviation fuel and raw material for bioplastics.
Finnish oil refining and marketing company Neste and Fazer Bakery, the leading bakery company in Finland and Russia’s major markets of St Petersburg and Moscow, are joining forces with their “Doughnut Trick campaign”. The oil that was used to fry Fazer Bakery’s May Day doughnuts will be recycled by refining it to produce Neste MY renewable diesel. The value of the fuel will be donated to the Finnish chapter of the charity SOS Children’s Village International. The amount of diesel that’s made from the oil used to fry every three doughnuts is enough to drive a distance of about one kilometer.
Finnish oil refiner Neste is considering investing in U.S. production of biofuels in a move seen as a response to possible policy changes by U.S. President Donald Trump’s administration.
The Traveling Sauna was inaugurated in Minneapolis on January 14, 2017. The sauna will be Finland’s centennial mascot in the United States. During the next twelve months it will travel all across the continent, driving altogether over 10,000 miles. At the inauguration ceremony Ambassador Kirsti Kauppi revealed the name of the sauna: it will be called Sisu.
Neste and Ikea of Sweden yesterday announced partnership to deliver renewable, bio-based plastics. The two Scandinavian companies have joined forces to take leadership in renewable, bio-based materials, and invite other companies to join the initiative.
