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Neste launches fuel, produced from 100% renewable raw materials in Belgium

July 13/2021

MOSCOW (MRC) -- Neste launched Neste MY Renewable Diesel, in the Belgian market. The fuel, produced from 100% renewable raw materials, is brought to the Belgian market in collaboration with the channel partner EG Group, said Hydrocarbonprocessing.

Neste MY Renewable Diesel enables customers to reduce greenhouse gas emissions by up to 90% over the fuels life cycle compared to fossil diesel. This expansion is another important step in the execution of our growth strategy globally. We are very excited to expand our renewable diesel offering in Europe and especially in Belgium, a country which is at the heart of Europe. We firmly believe that all solutions are needed to reduce transportation-related emissions and support the sectors contribution to the EU-level target of reaching carbon-neutrality by 2050, says Peter Vanacker, President and CEO at Neste.

With the use of Neste MY Renewable Diesel, our customers can reduce their greenhouse gas emissions in an instant. Neste MY Renewable Diesel is a sustainable alternative to fossil diesel, and its use does not require any modifications to existing engines, vehicles or fuel distribution infrastructure. We are committed to supporting our customers to reduce greenhouse gas emissions by at least 20 million tons annually by 2030, adds Carl Nyberg, Executive Vice President for Nestes Renewable Road Transportation business unit.

We are excited to expand our cooperation with Neste. Since the joint launch of Neste MY Renewable Diesel in the Netherlands, we offer Neste MY Renewable Diesel B2B home base deliveries and to B2B and private customers via our fuel stations. Following the success in the Netherlands, we are looking forward to entering the Belgian market and supporting the customers to reduce their greenhouse gas emissions immediately, says Jurgen Artz, EG Fuel Director - Europe from EG Group.

The launch follows the successful introduction of Neste MY Renewable Diesel on the Dutch market in October 2019. The fuel is currently available at more than 100 stations throughout the Netherlands and more than 500 locations worldwide. Besides Belgium, Neste MY Renewable Diesel is available for customers in the Netherlands, Finland, Sweden, Estonia, Latvia, Lithuania and the United States in California and Oregon.

Growing availability of renewable diesel and sustainable aviation fuel Nestes Rotterdam refinery together with the companys Singapore refinery, are the worlds biggest and most advanced renewable diesel and renewable products refineries. The total annual production capacity of Nestes renewable diesel and other renewable products is currently 3.2 million tons, and by the first quarter of 2023 it will increase to close to 4.5 million tons.

As per MRC, Neste is committed to reaching carbon neutrality in its production by 2035. As part of this effort, Neste aims for 100% renewable electricity use globally by 2023. In order to proceed with this target, Neste will increase the use of renewable electricity at its Porvoo refinery and has signed a new wind power agreement with a wind power company Ilmata. Renewable electricity produced by wind power is one of the key ways to reduce greenhouse gas emissions* related to the electricity purchases of production facilities.

As MRC reported earlier, in May 2021, Neste, Mitsui Chemicals, Inc. and Toyota Tsusho Corp. announced they are joining forces to enable Japans first industrial-scale production of renewable plastics and chemicals from 100% bio-based hydrocarbons. In this collaboration, Mitsui Chemicals will use Neste RE, 100% bio-based hydrocarbons produced by Neste, to replace a part of the fossil feedstock in the production of a variety of plastics and chemicals at its crackers within Osaka Works during 2021.

Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 744,130 tonnes in the first four month of 2021, up by 4% year on year. Shipments of all PE grades increased. At the same time, PP deliveries to the Russian market were 523,900 tonnes in January-April 2021, up by 55% year on year. Supply of homopolymer PP and PP block copolymers increased, whereas shipments of PP random copolymers decreased.


mrcplast.com
Author:Anna Larionova
Tags:petroleum products, crude oil, PP, PE, neftegaz, petrochemistry, Neste oil.
Category:General News
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