By 2020, Neste's renewable products have helped customers in various geographic markets reduce total greenhouse gas emissions by 10,0 million tons. * This amount equals the annual carbon footprint of 1,5 million average EU citizens (source: World Bank) or the removal of 3,7 million passenger cars from the road in a year.

“We are committed to helping our customers reduce greenhouse gas emissions by 2030 million tons per year from 20. We want to achieve this goal through our portfolio of renewable and circular solutions for road transport and aviation, as well as for the plastics and chemical industry. Thanks to a greenhouse gas reduction of 10,0 million tonnes, we are already halfway through achieving this. We are extremely proud to work with many pioneers and partners in reducing climate emissions, ”said Peter Vanacker, President and CEO of Neste.

“Innovative solutions from the entire bio-economy offer great opportunities for reducing emissions. In road transport, for example, the European Renewable Energy Directive is a powerful and successful tool to steer European transport in the direction of renewable energy. For example, the EU member states reported that in 2018 almost 90% of renewable energy sources in transport consisted of biofuels, ”continues Vanacker. **

For more than a decade, Neste has been gradually increasing the volume of its renewable products. Today, the company has the capacity to produce 3,2 million tonnes of renewable products annually at its refineries in Singapore, Rotterdam and Porvoo, Finland. To secure future growth, expands Next further expanding its global renewable energy raw material and production platform. With the expansion in Singapore, Neste will increase its total global capacity for renewable products to nearly 4,5 million tons per year by 2023, Neste reports on their website. 

“We need all available solutions to tackle the climate crisis. Our renewed brand promise, Change runs on renewables, underscores our commitment to continue to scale up in renewables, while developing new solutions that drive growth and transformation in our businesses, ”adds Vanacker.

*) The method used for calculating life cycle emissions and emission reduction complies with the EU Renewable Energy Directive (2009/28 / EC).

**) European Commission: Renewable Energy Progress Report, published 14-10-2020, COM (2020) 952 final.

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