Neste and Boston Consulting Group (BCG) have signed a new agreement for the purchase of Neste MY Sustainable Aviation Fuel™, to be delivered to airlines SAS and Finnair, covering the volume of all the flights with these carriers taken by BCG employees in the Nordics. Through this new partnership, BCG expects to significantly reduce greenhouse gas emissions on flights with these airlines.
Until now, there have been no commercial drop-in solutions for replacing fossil gasoline to reduce high amounts of greenhouse gas emissions from conventional petrol cars, without investing into new vehicles or modifying the old ones.
Neste, the world’s leading producer of renewable diesel and sustainable aviation fuel (SAF), may be the first to have developed a renewable gasoline for such commercial use in the existing fleet. The final phase of testing is now beginning with the target to complete commercial tests of the fuel, and thereby enabling significant reductions of greenhouse gas emissions from gasoline and hybrid cars.
Neste and Kesko Group launched a pilot project that enhances recycling practices. The Finnish retailer will install recycling stations at its sites including a box for used cooking oil, which will be used to produce renewable diesel. The sorting facilities will be significantly increased as they aim to raise the recycling rate of waste generated at the station to almost 80%.
Finnish biofuel producer and oil refiner Neste has chosen the Dutch port of Rotterdam as the location for its next renewable products refinery. Neste said the new plant will be around the same size as the 1.5 billion euro ($1.79 billion) refinery expansion it is currently building in Singapore, which the company described as its biggest investment so far.
Neste and Avfuel Corporation joined forces to create an efficient, continuous supply of sustainable aviation fuel (SAF) in the United States. Neste will provide Avfuel with SAF in volumes able to meet the growing demands of Avfuel’s customers, including fixed base operators (FBOs), airports, flight departments, original equipment manufacturers (OEMs) and commercial operators. Avfuel will be a branded SAF distributor for Neste, and will sell it under the brand name Neste MY Sustainable Aviation Fuel.
ECBF Management GmbH yesterday announced a second closing of the European Circular Bioeconomy Fund (ECBF). Reaching €175 million, ECBF has more than doubled its fund-size within two months after starting its operations. ECBF is the first venture fund exclusively focussed on the bioeconomy and circular bioeconomy in Europe. With a targeted fund-size of €250 million, it will be an important financial instrument contributing to the European Green Deal making Europe climate neutral by 2050.
“We are very committed to our purpose of creating a healthier planet for our children, working towards our climate goal of helping our customers around the world to reduce greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons every year by 2030.” Mercedes Alonso, Executive Vice President, Renewable Polymers and Chemicals at Neste, talks to Il Bioeconomista. In this long exclusive interview, she talks about Neste, the circular bioeconomy and the green recovery after the Covid19.
Interview by Mario Bonaccorso
AGCO Power, a Finnish engine manufacturer will start using Neste MY Renewable Diesel at its plant in Nokia, Finland. The fuel will replace fossil fuels in all internal logistics vehicles before the end of 2020. Neste and AGCO Power will also work on a joint research project to develop an automatic fuel identification system.
Neste, the world’s largest producer of renewable diesel and sustainable aviation fuel (SAF) produced from waste and residue raw materials, has delivered its first batch of sustainable aviation fuel to San Francisco International Airport (SFO) via pipeline, where it will be used by major airlines committed to reducing carbon emissions.
Neste and Jokey, a leading international manufacturer of rigid plastic packaging, started collaborating with a target to develop the market for rigid packaging from sustainable renewable and recycled materials for food and non-food applications.