MOSCOW (MRC) -- Following the launch of Neste MY Renewable Diesel on the Belgian market in July, Neste has now entered a partnership with Q8 to offer the product on seven Q8 stations during this year., said Hydrocarbonproceesing.
Neste MY Renewable Diesel is a premium diesel?made entirely from renewable raw materials. It helps reduce the greenhouse gas (GHG) emissions by up to 90%* when emissions over the fuel's life cycle are compared with fossil diesel. The renewable diesel is a “drop-in” fuel, fully compatible with all diesel engines, not requiring any modifications to the existing vehicles or fuel distribution infrastructures.
Neste MY Renewable Diesel is from available at Q8?Zaventem/Nossegem, Q8 Mechelen Brusselsesteenweg and Q8 Rotselaar. By the end of this yr, 3 more locations will be added: Q8 Lokeren, Q8 E34 Ranst direction Turnhout and Q8 E42 in Verlaine. "These locations were chosen strategically in order to support the development of the market," explains Sven Dochez, Director Supply & Innovation at Q8. "And our ambitions do not stop here. If this offer is successful, we will extend the implementation in our network."
Expanding the availability of Neste’s renewable diesel significantly strengthens the presence of Neste in Belgium. "We are delighted to extend the availability of our renewable products in the Belgian market. This expansion is an important step in the implementation of our global growth strategy,” says Peter Zonneveld, Vice President Sales Renewable Road Transportation at Neste.
Neste and Q8 are convinced that all solutions are needed to reduce mobility emissions as a contribution to the European goal of achieving carbon neutrality by 2050. "We can do that in an instant with our Neste MY Renewable Diesel. Neste is committed to supporting to reduce greenhouse gas emissions by at least 20 MM tons CO2 equivalent annually by 2030,” says Peter Zonneveld.
As per MRC, Neste Corporation has signed an agreement to sell its existing base oils business to Chevron Corporation, one of the world's leading integrated energy companies. The agreement covers a combination of share and asset deals forming Neste's entire global base oils business. As part of the divestment, the parties have also agreed on a long-term offtake for Neste’s base oils supply from Porvoo, Finland.
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 1,176,860 tonnes in the first half of 2021, up by 5% year on year. Shipments of exclusively low density polyethylene (LDPE) decreased. At the same time, PP shipments to the Russian market were 727,160 tonnes in the first six months of 2021, up by 31% year on year. Supply of homopolymer PP and block-copolymers of propylene (PP block copolymers) increased. Supply of statistical copolymers of propylene (PP random copolymers) subsided.
MRC