Neste welcomes the Swedish government's draft law proposals for the emission reduction mandate for traffic fuels and the continued tax exemption for high-blend biofuels.
Long-term perspective and ambitious targets provide a much needed basis for innovation and investments in the biofuels sector, while ensuring the necessary carbon emission reductions in transportation.
"Sweden is showing worldwide leadership with its ambitious goal to reduce carbon emissions from its transport sector by 70% by 2030. A growing Nordic market for biofuels is emerging, as also Norway and Finland have recently set very high biofuel targets.
The large resources of forest-based raw materials in these countries are expected to play a big role in reaching these targets," says Kaisa Hietala, Executive Vice President of Neste's Renewable Products business area.
"We are very proud to have been able to contribute to the positive development in the Swedish fuels markets over the past years by supplying renewable diesel to several fuel companies and our distribution customers through our coastal terminals in Södertälje, Kalmar, Malmö, and Göteborg," Kaisa Hietala says.
Neste is the world's largest producer of high-quality renewable diesel. In 2016, various wastes and residues accounted for almost 80% of our raw material usage globally. The majority of Neste's annual R&D budget (some 41 million euros) is spent on developing and pilot-testing new raw materials for biofuels.
The company has a strong focus on developing cost-efficient technologies to convert forest residues into biofuels, and develop new raw materials such as algae.
Share this:
