MOSCOW (MRC) -- Neste is committed to lowering its carbon footprint in production ahead of the EU’s climate and energy targets. One concrete example of Neste’s climate work is its new long-term agreement on wind power with a leading clean-energy company Fortum, said Hydrocarbonprocessing.
“We are in the business of reducing emissions and accelerating circularity in society. As part of our strategy, we have set two ambitious climate targets. In addition to offering renewable and circular solutions to our customers, we are also committed to reducing the carbon footprint of our own production. Investments in renewable energy are one part of this. We have been collaborating with Fortum for years and this first wind power agreement will only deepen our partnership,” says Neste’s President and CEO Peter Vanacker.
Neste is to purchase approximately 70% of production at the Kalax wind farm, currently under construction in Narpes, Ostrobothnia, with a 12 year contract. The total capacity of the agreement is more than 60 MW, and the energy produced will correspond to around 20% of the electricity consumption at the Neste Porvoo and Naantali sites. The wind power deliveries are expected to begin in early 2021.
Wind power does not generate emissions to air, land or water. The shift to wind power will reduce the indirect carbon dioxide emissions of electricity purchases at Neste’s production sites annually by approximately 40 kilotons.
As MRC informed earlier, Neste Oyj and Borealis Polymers Oy, in co-operation with the energy companies Fortum Power and Heat Oy, Helen Oy, Vantaan Energia Oy and Porvoon Energia Oy - Borga Energi Ab, will conduct a preliminary study on recovering and utilizing excess heat generated at the Neste and Borealis industrial manufacturing facilities in Kilpilahti.
As MRC wrote before, in March 2018, Borealis and United Chemical Company LLP (UCC) signed a Joint Development Agreement (JDA) for the development of a world-scale polyethylene project, integrated with an ethane cracker, in the Republic of Kazakhstan.
In October 2019, Borealis AG lifted a force majeure declared early last month at its production site in Kallo, the company has confirmed to PNE. On 2 Sep, the company declared force majeure on refinery grade propylene and propane from its production site in Kallo, Belgium, as a consequence of “unforeseen technical issues."
Borealis produces polypropylene at the Burghausen site.
According to MRC's ScanPlast report, the estimated PP consumption in the Russian market was 796,120 tonnes in January-July 2019, up by 11% year on year. Shipments of PP block copolymer and homopolymer PP increased.
Neste (NESTE, Nasdaq Helsinki) creates sustainable solutions for transport, business, and consumer needs. The company's wide range of renewable products enable our customers to reduce climate emissions. The company is the world's largest producer of renewable diesel refined from waste and residues, introducing renewable solutions also to the aviation and plastics industries. It is also a technologically advanced refiner of high-quality oil products.
MRC