Neste, the renewable and circular solutions provider, reduced its customers’ greenhouse gas emissions by 10.9 million tonnes in 2021.
This figure represents the average annual carbon footprint of 1.7 million EU citizens, the equivalent of taking 4.2 million cars off the road in one year.
Peter Vanacker, CEO of Neste, said: “Reducing greenhouse gas emissions by 10.9 million tonnes means we are more than halfway to our commitment. We want to help our customers reduce emissions through our renewable and circular economy solutions by at least 20 million tonnes of CO2 equivalent per year by 2030.”
Greenhouse gas emissions
Reducing greenhouse gas emissions and replacing crude oil-based products with renewable and circular economy solutions are at the heart of Neste’s strategy.
Neste calculates the carbon footprint of its energy products throughout their life cycle, from the production of raw materials to the end use of the end product.
The group’s products reduce greenhouse gas emissions and help customers reduce their carbon footprint, or the carbon footprint of their products.
Neste’s refineries in Finland, the Netherlands and Singapore produce renewable products entirely from renewable raw materials.
The total production capacity of these refineries is currently around 3.3 million tonnes per year.
Vanacker added, “We are constantly increasing our capacity to produce renewable products as demand for renewable products increases significantly due to tougher climate goals and the regulations that support them. The annual production capacity of our renewable products will increase to 4.5 million tonnes when the expansion of our refinery in Singapore is commissioned at the end of the first quarter of 2023.”
“With the Rotterdam Renewable Aviation Fuel Production Project, we aim to achieve an annual production capacity of 1.5 million tonnes of renewable aviation fuel by the end of 2023,”
© 2022 European supermarket magazine – your source for the latest A-Brands news. Article by Conor Farrelly. Click on subscribe register for ESM: European Supermarket Magazine.