Neste, the world's largest producer of renewable diesel refined from waste and residues, came first in the Industry Leader Award Biofuels category of the Global Energy Award competition in December 2016 in New York. The competition, held for the 18th time, was arranged by S&P Platts, a provider of market information and research in the energy sector.
All the seven finalists in the category were innovative actors developing sustainable biofuel solutions. The panel of judges was impressed by Neste’s NEXBTL technology, which enables the production of top-quality renewable diesel and other renewable products from nearly any waste fat or vegetable oil through a hydrogen-based treatment. The panel was also particularly inspired by the company's plans to start production of renewable propane at its Rotterdam refinery by the end of 2016.
Neste won praise for its commitment to sustainability and for its continuous search for new solutions so that it can develop its operations. The company's plans to increase biodiesel production capacity beyond the current annual volume of two million tons were characterized by the judges as a pioneering venture, and the panel estimated that this will have an impact on global energy markets now and in the future.
Biofuels sold three times more than the national law requires
During the last couple of years, the Finns have been the top “green drivers” globally. Finnish gas stations have sold biofuels three times more than the national biofuels obligation law requires. Fuel distributors do not publish detailed information on their sales, but the statistics by the Finnish Customs and the Energy Authority show the development: every eight liters of fuel was manufactured by using vegetable oil, tall oil etc.
Biofuels are a key component of Finland's new energy and climate strategy. There is a huge demand for biofuels; the share will be over 40% by 2030.
“With its dynamic solid industry cluster, world class competence and technology, favorable policies and numerous growth opportunities, Finland offers a unique platform for bio-based production and partnering,” says Jari Tielinen, Senior Advisor at Finpro’s Invest in Finland unit.
Learn how to Harvest bioenergy from the land of forests or familiarize yourself with Finland’s measures to meet climate and energy goals.