Neste in Brief
Neste (NESTE, Nasdaq Helsinki) creates sustainable choices for transportation businesses and consumers. Our global range of products and services allows customers to lower their carbon footprint by combining high-quality renewable products and oil products to tailor-made service solutions. Neste is the world's largest producer of renewable diesel from waste and residues. Neste is also bringing renewable solutions to the aviation and plastics industries. They strive to be a reliable partner, whose expertise, R&D and sustainable practices are widely respected. In 2016, Neste's net sales stood at 12.6 billion, and they were on The Global 100 list of the most sustainable companies in the world.
Neste is the global leader in the renewable diesel market, and they want to develop their business in non-traffic renewable product markets by the end of the decade.
Neste has developed unique competitive advantages in flexible feedstock supply, global supply chain, and drop-in solutions offered for customers. It continues to drive additional margin increases through feedstock flexibility, including the achieved capability to use 100% waste and residue feedstock.
Neste sees great potential in many new application areas such as bio-based distillates, chemicals, and plastics. Neste has already announced a partnership in bio-based solvents and fluids. They intend to continue their way forward philosophy with some of the leading global brands to create unique bio-plastics for a more sustainable future.
Neste’s goal is to have 20% of its renewable business sales volume from non-traffic applications by 2020.
Neste My Renewable Diesel is a low carbon drop-in fuel made of 100% renewable and sustainable raw materials. Neste developed Neste MY Renewable Diesel, a low-carbon biofuel, in order to help its customers reduce their carbon footprint. Neste MY Renewable Diesel offers an easy way to lower traffic emissions and increase the proportion of renewable energy used in transportation.
Neste is the leading producer of renewable diesel in the world, with an annual production volume of more than 2.6 million tons. They are also the world's largest producer of renewable fuels from waste and residues.
Neste MY Renewable Diesel meets the toughest requirements set by automotive manufacturers. It is fully compatible with all modern diesel engines in cars, buses, trucks and non-road machinery. In addition, Neste MY Renewable Diesel is seamlessly compatible with the existing distribution infrastructure.
The renewable diesel they refine is hydrotreated vegetable oil (HVO), while the conventional biodiesel (FAME) has been made using the esterification method. The quality of Neste MY Renewable Diesel is superior compared to traditional biodiesels. Unlike conventional biodiesel, the quality of Neste MY Renewable Diesel remains even when the raw materials change. As a byproduct, our technology can be utilized to make; renewable gasoline, and biobropane.
With Neste MY Renewable Diesel it is possible to reduce greenhouse gas emissions by up to 80% compared to conventional crude oil based diesel. The fuel also offers a cost-effective
solution for reducing traffic-related emissions and improving local air quality in cities. Neste MY Renewable Diesel has:
In 2016, Neste's renewable diesel reduced greenhouse gas emissions by 6.7 million tons. This corresponds to greenhouse gas emissions of 2.4 million passenger cars annually.
Production of Neste MY Renewable Diesel
Neste’s renewable products are produced at Singapore, Porvoo, Rotterdam, and The Netherlands. Production with minimal environmental harm is of prime importance.
All of Neste's renewable product refineries are International Sustainability & Carbon Certification (ISCC) certified or approved by the U.S. Environmental Protection Agency (EPA). In addition, the Porvoo, Rotterdam and Singapore refineries have ISO 14001 environment certification.
Research and Development
Neste strives to create added value for their customers, and to be the preferred partner for cleaner traffic fuel solutions. Their R&D operations aim to further improve their competitiveness as a manufacturer of traffic fuel by seeking flexibility and growth in other solutions.
At Neste’s engine laboratory, they test and study the quality of their products to confirm that they function both reliably and at optimal performance levels. Testing is also done to ensure that there is minimal wear and build up in engines.
For decades, Neste have been known as a provider of innovative fuel solutions, from sulfur-free petrol to renewable diesel, refined from waste and residue. The current key focus of their research work is feedstock flexibility and the expansion of the renewable product family.
The majority of their R&D efforts have focused on research and testing of renewable raw materials. Neste wants to improve flexibility in feedstock sourcing, in particular by utilizing waste and residue from non-food materials. They choose feedstocks based on their suitability, price, and availability.
Sustainability is at the core of Neste’s strategy for cleaner traffic. Being a global pioneer in renewable products, both in traffic and other areas, is another strategic goal.
Sustainability is one of their four values that form a basis for everything they do.
Neste has invested approximately 1.6 billion in the production of renewable fuels, as they offer business growth and are an efficient way of combating climate change.