Neste Corporation, News, 27 September 2023
Photo: Vopak Los Angeles Marine Terminal. Source: Vopak
Neste has expanded its capability to supply renewable fuels to customers on the West Coast of the United States in cooperation with Vopak, a leading energy industry infrastructure provider. Neste commissioned terminal capacity at Vopak’s Los Angeles terminal in California for storing Neste MY Sustainable Aviation Fuel™ (SAF) and Neste MY Renewable Diesel™. This is a major step in further expanding the availability of Neste’s renewable fuels in the Southern California region, enabling greenhouse gas emissions reductions in the transportation sector and supporting the energy transition on the West Coast of the U.S.
The Vopak Los Angeles Terminal is strategically located in the Port of Los Angeles and is well-connected to fuel logistics via vessels, barges, trucks and pipelines, for example. Having terminal capacity at this location will significantly increase the availability and accessibility of Neste's renewable fuels to customers at critical hubs in the Los Angeles area, such as SAF for airlines at the Los Angeles International Airport (LAX), one of the world’s largest airports, and renewable diesel (also locally known as R99) for fueling stations serving road transportation all the way to San Diego.
“Neste is fully committed to supporting the energy transition in the U.S. as well as globally by working closely together with partners to increase the availability of our renewable fuels. Our cooperation with Vopak shows how repurposing existing fuel distribution infrastructure can accelerate the much needed transition to renewable energy. California has been at the forefront of adopting and endorsing climate-friendly policies and solutions. We are glad to enable more cities, businesses and individual travelers in the state to take advantage of Neste’s renewable solutions to reduce their emissions and help fight against climate change,” says Annika Tibbe, acting President for Neste US.
“We are proud to serve Neste. Repurposing Vopak’s assets from oil and traditional fossil fuel products to low-carbon energy solutions is right on target with our strategy. We are happy that our services and infrastructure have been selected and are committed to being a part of the Los Angeles energy transition,” says Maria Ciliberti, Vopak President United States and Canada.
Neste’s renewable fuels are a more sustainable alternative to fossil fuels enabling a significant reduction in greenhouse gas (GHG) emissions. With Neste MY Sustainable Aviation Fuel, GHG emissions can be reduced by up to 80%* over the fuel’s life cycle compared to using fossil jet fuel. With Neste MY Renewable Diesel, GHG emissions can be reduced by up to 75%** compared to fossil diesel over its life cycle. The fuels are fully compatible with current diesel and aircraft engines and fueling infrastructures, making them ideal solutions for reducing emissions in hard to abate sectors like aviation, heavy duty transport and freight.
Neste has been supplying renewable fuels to California since 2016 after the state adopted its Low Carbon Fuel Standard (LCFS). According to data from the California Air Resources Board, as of the first quarter of 2023, 49% of California’s diesel pool is renewable diesel. Since the inception of the LCFS program, renewable diesel has displaced over 5.3 billion gallons (approx. 16 million tons) of fossil diesel. Today, Neste’s renewable diesel is used by many municipalities and businesses in the state, and Neste’s SAF is available at all of the major airports in California.
*) When used in neat form (i.e. unblended) and calculated with established life cycle assessment (LCA) methodologies, such as CORSIA methodology
**) The GHG emission reduction percentage varies depending on the region-specific legislation that provides the methodology for the calculations (e.g. California LCFS for the US), and the raw material mix used to manufacture the product for each market.
Neste: Please contact Neste's media service, tel. +358 800 94025 / firstname.lastname@example.org (weekdays from 8.30 a.m. to 4.00 p.m. EET). Please subscribe to Neste’s releases at https://www.neste.com/for-media/releases-and-news/subscribe.
Vopak: Please contact Liesbeth Lans - Manager External Communication, email@example.com
Neste in brief
Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. The company refines waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials.
As the world’s leading producer of sustainable aviation fuel and renewable diesel and a forerunner in developing renewable and circular feedstock solutions for polymers and chemicals, Neste helps its customers to reduce their greenhouse gas emissions by at least 20 million tons annually by 2030.
The company’s ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe by 2030. Neste is committed to reaching carbon-neutral production by 2035, and will reduce the carbon emission intensity of sold products by 50% by 2040. Neste has also set high standards for biodiversity, human rights and the supply chain. The company has consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2022, Neste's revenue stood at EUR 25.7 billion. Read more: neste.com
About Royal Vopak
Royal Vopak is the world’s leading independent tank storage company. We store vital products with care. Products for everyday life. The energy that allows people to cook, heat or cool their homes and for transportation. The chemicals that enable companies to manufacture millions of useful products. The edible oils to prepare food. We take pride in improving access to cleaner energy and feedstocks for a growing world population, ensuring safe, clean and efficient storage and handling of bulk liquid products and gases at strategic locations around the world. We are excited to help shape a sustainable future by developing infrastructure solutions for new vital products, focusing on zero- and low-carbon hydrogen, ammonia, CO2, long duration energy storage and sustainable feedstocks. We have a track record of over 400 years in navigating change and are continuously investing in innovation. On sustainability, we are ambitious and performance driven, with a balanced roadmap that reflects key topics that matter most to our stakeholders and where we can have a positive impact for people, planet and profit and the United Nations Sustainable Development Goals. Vopak is listed on the Euronext Amsterdam and is headquartered in Rotterdam, the Netherlands. For more information, please visit www.vopak.com