Neste is launching Neste MY Renewable Diesel for the Swedish transport market. The fuel is being launched in Sweden under the motto “Five minutes to fossil-free”.
“Sweden has incredibly ambitious climate targets, not least that the country should be fossil-free by 2045. We and other companies which produce renewable fuels need clear policies and predictable forecasts if we are to secure new investment and increase production, which is required to significantly reduce emissions from the transport sector and achieve our climate goals,” says Carl Nyberg, Neste’s vice president of Sales Scandinavia.
Neste MY Renewable Diesel sales in Sweden is aimed initially at the transport industry and other business customers and is sold via the distributors Swea Energi, Biofuel Express, Ecobränsle, Colabitoil and Energifabriken. The company said the fuel works just as well in private cars and can easily replace traditional diesel fuel in Sweden.
Neste MY Renewable Diesel is produced from 100% renewable raw materials and emits up to 90% less greenhouse gas emissions compared to conventional fossil diesel. A large number of different waste fats are used in the production, including waste and residues from meat, fish and vegetable oil. Neste MY Renewable Diesel has the same chemical composition as fossil diesel and easily replaces conventional diesel as a “drop-in” fuel or can be blended in any proportion. Neste MY Renewable Diesel is compatible with existing fuel distribution systems.
With 2.7 million tons, Neste is responsible for the majority of total renewable diesel production globally. In 2017, Neste MY Renewable Diesel reduced climate emissions by 8.3 million tonnes, which is equivalent to taking more than three million fossil-fuel cars off the roads or making a city the size of Stockholm car-free for eight years.
Neste is targeting to produce about 4 million tons of renewable fuels by 2022. In 2017 renewable fuels accounted for 21.4% of the total transportation fuel usage in Sweden, and consumption of renewable fuels is growing rapidly, by 19% in 2018 compared to 2015. Most of this increase is due to the use of HVO (Hydrotreated Vegetable Oil), such as Neste MY Renewable Diesel.