May 17, 2022
(press release)
–
Together with its partner Nordic Marine Oil, Neste is piloting a new Neste Marine(TM) 0.1 Co-processed marine fuel in Scandinavia - a solution helping the maritime sector to reduce the greenhouse gas (GHG) emissions. The ISCC PLUS certified* marine fuel enables up to 80%** GHG emission reduction over the lifecycle compared to fossil fuels without compromising the product quality and performance. Neste in brief Nordic Marine Oil in brief ***** SeeNews does not endorse in any way, the views, opinions or recommendations expressed above. The use of the Information is subject to the terms and conditions as published by the original source, which you have to read and accept in full prior to the execution of any actions taken in reliance on Information contained herein.
Accounting for 90% of world trade and 13% of global transport emissions, the shipping industry needs solutions to reduce its carbon footprint in a viable way in line with the targets of the
"At Neste, we are dedicated to helping our customers and the entire value chain to reduce their GHG emissions. In 2021, our renewable products helped customers to reduce 10.9 million tons of their GHG emissions. Maritime is one of the largest sources of transport emissions. We support shipping companies moving towards carbon neutrality and are introducing the Neste Marine 0.1 Co-processed marine fuel with an immediate emission reduction impact," says
Nordic Marine Oil specializes in the supply of bunker fuels and lubricating oil to the shipping industry. Its storage tanks and bunker barges are located in key ports across
"With extreme enthusiasm, we give our full focus on creating awareness for this low-emission marine fuel. Nordic Marine Oil has started to build its sustainability offering, and the co-processed marine fuel is our first step enabling the shipping industry to reduce its GHG emissions. For cargo owners and charterers, the product is an effortless and cost-efficient opportunity to reduce CO2 emissions in transportation and reach their own climate targets. The emission reduction is immediate and the solution is easy to implement as the shipowners are not forced to make any investments or changes to the vessel engines. Our strong partnership with Neste gives us the opportunity to supply tomorrow's fuels for the maritime industry already today," says
"The maritime sector is combating climate change by all available means. Our new co-processed marine fuel is a competitive and feasible solution for shipping companies, and also for cargo and brand owners looking to reduce their GHG emissions across their value chain," explains
*) The ISCC PLUS certificate does not cover GHG verification in the pilot phase.
**) The method used to calculate life cycle emissions and emission reduction is guided by the
Susanna Sieppi
Vice President, Communications
Further information:
Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. We are the world's leading producer of sustainable aviation fuel and renewable diesel and developing chemical recycling to combat the plastic waste challenge. We aim at helping customers to reduce their greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. Our ambition is to make the Porvoo oil refinery in
Nordic Marine Oil is a 100% privately owned and Danish-registered company. The company has experienced significant growth over the past years and now embarks on a green journey.
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