Neste plans to switch to 100% renewable electricity worldwide from 2023 – wind energy consumption will increase at Porvoo refinery in Finland Neste is committed to making its production carbon-neutral by 2035. To achieve this goal, Neste plans to use only renewable electricity worldwide by 2023. Therefore, Neste will increase the use of renewable electricity at its Porvo refinery and signed a new supply contract for the supply of wind energy from the producer Ilmatar. The use of wind-generated renewable electricity to service production facilities is one of the most effective ways of reducing greenhouse gas emissions *.
In this already at the end of 2019 committed to use more renewable energy in production by concluding an agreement with Fortum, while this new wind energy agreement expands cooperation with Ilmatar, with which the first contract was concluded in 2020. These contracts mean that in 2025, around 40% of the energy used at the Porvo refinery will be renewable wind energy. The first wind energy supply from Fortum Kalax wind farm on In this The Porvoo plant was started in January 2021.
In addition to wind energy contracts In this increase the share of renewable electricity with so-called guarantees of origin, using existing renewable electricity generation capacity. Proofs of origin will allow the company In this to increase the share of renewable electricity to 100% by 2023 In this required electricity consumption.
“Investing in renewable electricity is in line with our goal of ensuring that our production is carbon neutral by 2035. Wind-generated energy is one of about 80 measures we can use to reduce greenhouse gas emissions. Our goal is to recycle Porv from 2023. use only renewable electricity in the plant, “says Marko Pekkola, In this Vice President for Petroleum Products.
The recently signed long – term wind energy supply agreement with Ilmatar will provide about 200 GWh of electricity per year, which is about 17% of In this Porvo refinery electricity consumption. Wind energy supply Ilmatar plans to launch in early 2025.
The new wind energy contract will help In this to reduce indirect greenhouse gas emissions * from purchased electricity for the Finnish Porvoo refinery. The annual emission reduction will be around 50,000 tonnes of CO2 equivalent. In turn, all wind energy contracts together will allow In this to reduce indirect greenhouse gas emissions * from the Finnish plants of the purchased electricity company by approximately 120,000 tonnes of CO2 equivalent **, equivalent to the annual carbon footprint of more than 19,000 average European Union citizens.
*) Tier 2 emissions as defined in the Greenhouse Gas Protocol.
**) Emission reductions are calculated using the 2019 Residual Energy Structure published by the Finnish Energy Service.
By “Neste”
Neste (NASDA, Nasdaq Helsinki) is creating solutions to combat climate change and accelerate the transition to a circular economy. We recycle waste, scrap and innovative raw materials into renewable fuels and sustainable raw materials for plastics and other materials. We are the world’s leading producer of renewable diesel and sustainable aviation fuels, developing chemical recycling to tackle the problem of plastic waste. Our goal is to help customers reduce greenhouse gas emissions by at least 20 million tons annually by 2030 using our renewable and circular economy solutions. As a technologically advanced refiner of high-quality petroleum products with a commitment to carbon-neutral production by 2035, we are also introducing renewable and recyclable raw materials such as plastic waste. We are constantly on the list of the world’s most sustainable companies in the Dow Jones Sustainability Index and the Global 100 list. In 2020, Neste’s revenue was 11.6 billion euros, and 82% of the company’s profit came from renewable products. Read more: neste.com
By SIA “Neste Latvija”
SIA Neste Latvija is a subsidiary of Neste Corporation, which has been operating in Latvia for 31 years. SIA “Neste Latvija” is one of the pioneers of modern fuel trade standards in Latvia. The company is engaged in the retail sale of fuel produced by Neste, wholesale of fuel and solvents, as well as storage and transshipment of oil products at the Riga terminal. Since its inception, the company has invested more than 70 million euros in Latvia. The Neste gas station network in Latvia consists of 76 stations throughout the country. More: www.neste.lv
SIA “Neste Latvija”
–
