ESPOO, Finland, July 30, 2015 (GLOBE NEWSWIRE) -- 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.
Director, Corporate Communications
Neste US: Neville Fernandes, GM and President, Neste US, Inc., tel. +17135845244, firstname.lastname@example.org
Neste Global: Kaisa Hietala, Executive Vice President, Renewable Products, tel. +358 50 458 4128
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
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.
Source:Neste Oil Corporation