Neste's Taking Action on Climate Change

“Engine standards are evolving, and the automotive industry is committed to important measures to achieve significantly lower tailpipe emissions. One of the ways to further reduce the heavy traffic emissions is to choose 100% biofuels, such as Neste MY Renewable Diesel,” says Lievonen. In Europe, demand for diesel and other fuels that are classified as middle distillates is expected to grow by more than 10 million tons by 2025. One part of this growth is being driven by the increase in demand for heavy transportation and air traffic. About 70 percent of diesel use is accounted for by heavy transportation. In the coming years, demand for middle distillates, like diesel, will also increase significantly in shipping, where the IMO’s (International Maritime Organization) global sulfur regulation, which comes into force in 2020, will limit the sulfur content in marine fuels to below 0.5 percent. This means that much of the shipping industry will switch from heavy fuel oil to low-sulfur marine fuels. Neste offers ship owners low-sulfur marine fuels that meet the new emission limits. Renewable solutions for air traffic are on the way The aviation industry, which consumes rapidly growing volumes of fuel, is also opening up to renewable fuels. Legislation to support this change is being developed in several regions, including the EU, Norway, and California. “Renewable fuels are seen as an important solution for reducing emissions from air transport. Solutions are needed because at the same time as the aviation industry is committed to reducing its carbon dioxide emissions, demand for aviation fuel is projected to grow globally by 100 million tons over the next ten years,” says Lievonen. Neste is a global pioneer in renewable air transport solutions, as the Neste Green Hub solution that the company has developed promotes the use of renewable aviation fuel with the aid of airport cooperation. The first example of this is the recently announced cooperation with Geneva Airport, and discussions are also ongoing on ten other cooperation projects. First commercial delivery of bioplastics in 2018 Neste is also developing new business operations from bioplastics, the raw materials for which are the renewable products manufactured by Neste. The bioplastics market is expected to grow by more than 40 percent by 2021. About 80 percent of this growth is expected to come from durable biobased plastics, such as Neste’s bioplastics solution, the demand for which is growing faster than for biodegradable plastics. Neste’s bioplastic solution is easy to use, because the properties of the plastics produced are exactly the same in production, use and recycling. “Our renewable products have already been used in bioplastics production, and our goal is to make the first commercial delivery in the first half of 2018. We are working closely with our customers and plastic manufacturers, and discussions are underway with ten global brands,” says Lievonen. By 2020, Neste targets to have 20% of its renewable business sales volume from renewable jet fuel, renewable chemicals and bio-based plastics. [caption id="attachment_34006" align="alignleft" width="177"] CREATOR: gd-jpeg v1.0 (using IJG JPEG v62), quality = 90[/caption] Source / More: Neste Corporation oilandgasOil and Gas News Undiluted !!! “The squeaky wheel gets the oil” Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook]]>