Wednesday 18 March 2020

Renewable fuels manufacturer Neste commits to carbon neutral production by 2035

Renewable fuels manufacturer Neste has committed to reaching carbon neutral production by 2035.

The firm is working on rolling out the detailed plan and timeline for implementing the target - it notes the commitment is in line with Finland’s ambitious target for carbon neutrality by 2035 and ahead of the EU's respective target for 2050.

The firm says all aspects of greenhouse gas emissions in its production will be analysed and claims it has already identified more than 50 different measures and actions to decrease emissions in production.

These include optimising the use of fuel gas, electricity, hydrogen and steam, increasing the amount of renewable electricity used, increases the weight of greenhouse gas emissions in investment calculations and exploring new technologies such as biogas, hydrogen electrolysis and carbon capture and storage.

Neste has also committed to compensate the emissions from its employee business flights through the use of the company’s own sustainable aviation fuel.

Peter Vanacker, President and CEO of Neste, said: "Neste’s purpose is to create a healthier planet for our children. We do this by offering renewable and circular solutions to our customers. But what is more, we also need to commit to reducing the direct climate impact of our own activities.

"Therefore, we have set a concrete milestone to reach carbon neutral production by 2035. This is an enormous undertaking, one which will require new ways of thinking, innovation and plenty of cooperation."