Neste's NEXBTL renewable diesel will fuel UPS's fleet
(Thomson Reuters ONE) -
Neste Corporation
Press release
30 July 2015 9 am. (EET)
Neste's NEXBTL renewable diesel will fuel UPS's fleet
Neste, the world's leading producer of premium quality renewable fuels will
supply NEXBTL renewable diesel to UPS, the global leader in logistics, to help
facilitate UPS's shift to alternative fuels.
Neste's NEXBTL renewable diesel will be used by UPS's fleet operating in the USA
starting mid-2015 and the mutual intention is to expand the cooperation
globally. Neste's global renewable diesel reach is well aligned with UPS's
global business. UPS is planning to use up to 46 million gallon equivalents of
renewable fuels over the next three years which will make UPS one of the largest
users of renewable diesel in the world.
"Advanced alternative fuels like renewable diesel are an important part of our
strategy to reduce the carbon emissions impact of our fleet," said Mark Wallace,
UPS senior vice president, global engineering and sustainability. "We have used
more than three million gallons of renewable diesel to date with positive
results. Renewable diesel has a huge impact significantly reducing lifecycle
greenhouse gas emissions by up to 90 percent less versus conventional petroleum
diesel. Renewable diesel also performs well in cold weather, does not have any
blending limitations and can be easily 'dropped in' to our fuel supply chain
without modifications to our existing diesel trucks and equipment."
"We are delighted that we can help UPS reduce their environmental footprint with
our low-carbon, low-emission NEXBTL renewable diesel. Produced from 100%
renewable and sustainable raw materials, NEXBTL provides significant reduction
in greenhouse gas emissions. Additionally, NEXBTL's significantly lower tailpipe
emissions make it an ideal solution to improve urban air quality," says Kaisa
Hietala, Neste's Executive Vice President of Renewable Products business area.
NEXBTL renewable diesel is a low-carbon renewable fuel that meets US national,
California and other diesel specifications for use in diesel engines while
realizing the benefits of better performance, and lower emissions. It is sold to
fleets, refining companies and fuel distributors around the world. NEXBTL
renewable diesel is based on the company's proprietary technology. The fuel is
not the same product as traditional biodiesel.
Neste Corporation
Kaisa Lipponen
Director, Corporate Communications
Further information:
Neste US: Neville Fernandes, GM and President, Neste US, Inc., tel.
+17135845244, neville.fernandes(at)neste.com
Neste Global: Kaisa Hietala, Executive Vice President, Renewable Products, tel.
+358 50 458 4128
Link to UPS's press release
Neste in brief
Neste is a forerunner in oil refining and renewable solutions. We offer our
customers cleaner traffic solutions and industrial products based on cutting-
edge research. We are the leading producer of renewable diesel in the world,
with an annual production volume of more than 2 million tons. We are also the
world's largest producer of renewable fuels from waste and residues. Our
sustainable practices have received recognition in the Dow Jones Sustainability
World Index and the Global 100 list of the world's most sustainable companies.
In 2014, our revenue amounted to EUR 15 billion. Neste shares are listed on
NASDAQ Helsinki. Cleaner traffic, energy and life are moved forward by 5,000
professionals. Learn more at neste.us or neste.com
About UPS
UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of
solutions including transporting packages and freight; facilitating
international trade, and deploying advanced technology to more efficiently
manage the world of business. UPS is committed to operating more sustainably -
for customers, the environment and the communities we serve around the world.
Learn more about our efforts at ups.com/sustainability. Headquartered in
Atlanta, UPS serves more than 220 countries and territories worldwide. The
company can be found on the web at ups.com® and its corporate blog can be found
at longitudes.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Neste Oyj via GlobeNewswire
[HUG#1942370]
Unternehmensinformation / Kurzprofil:
Datum: 30.07.2015 - 08:00 Uhr
Sprache: Deutsch
News-ID 410287
Anzahl Zeichen: 5213
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