Neste Corporation, the largest provider of renewable diesel in the U.S., welcomed the EPA’s decision this week to increase the amount of renewable fuels in the nation’s fuel supply.Neste Corporation, the largest provider of renewable diesel in the U.S., applauded the U.S. Environmental Protection Agency’s recent decision to increase the amount of alternative fuels in the nation’s fuel supply.
The EPA published the final ruling covering renewable fuel volume requirements retrospectively for 2014 and prospectively for 2015 and 2016 on Nov. 30. The EPA also finalized the volume requirement for biomass-based diesel for 2017.
Volume requirements are set separately for different types of biofuels. Neste’s NEXBTL renewable diesel meets the requirements of an advanced biofuel in the biomass-based diesel category (D4). Volume requirements for biomass-based diesel for 2015, 2016, and 2017 are higher than the ones the EPA proposed in June.
“We are pleased to see EPA taking steps towards a more forward-looking rule-making in setting renewable fuel volume requirements. This provides important predictability and stability for our business,” says Kaisa Hietala, executive vice president of Neste’s renewable products business area.
“The U.S. continues to be an important market for Neste and our NEXBTL renewable diesel. The increase in requirement for advanced biofuels is in line with our expectations. We agree that growing volume requirement on the advanced biofuels is the right way to go as they provide greater greenhouse gas reductions and are a very effective way to reach carbon emission reduction targets.”
Neste provides its low-carbon NEXBTL renewable diesel to U.S. refiners, blenders, and fuel distributors. The alternative fuel is fully compatible with existing diesel distribution systems. NEXBTL renewable diesel is being increasingly being used by U.S. cities and corporations that are striving to lower harmful emissions.
Related HWT story: “EPA calls for more ethanol in the nation’s fuel supply”
