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    BOL   FR0000039299

BOLLORÉ SE

(BOL)
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Real-time Euronext Paris  -  03:21:56 2023-02-08 am EST
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Neste to help LK Kunegel switch to renewable diesel via the fuel distributor Bollore Energy

10/27/2022 | 11:01am EST

Neste's fuel distributor Bollore Energy has announced an exclusive long-term supply contract with the French transportation company LK Kunegel to replace 100% of their fossil diesel use with renewable diesel (also known as HVO100) from Neste.

LK Kunegel operates 350 buses that cover around 15 million kilometers each year. By switching to Neste-produced renewable diesel, LK Kunegel expects to reduce its carbon footprint annually by 10,000 tons of CO2.

'With this, we allow transport professionals to reduce the carbon footprint of their operations immediately without having to make new investments in their fleet. We are convinced that low-carbon liquid fuels have a major role to play in decarbonizing the transport sector - now and in the future. We are proud to support LK Kunegel in its energy transition', says Florian Mohand, Director of Energy Transition, Bollore Energy.

'For Kunegel, one of the biggest advantages of Neste's renewable diesel from a financial point of view is that all our coaches are perfectly compatible with this product, which makes this transition and the significant emission reductions all the easier for us as a carrier,' says Daniel Kunegel, President of LK Kunegel.

'This contract marks an important step on the journey towards decarbonizing the French market,' says Peter Zonneveld, Vice President Sales, Europe and APAC, from Neste's Renewable Road Transportation business unit. With renewable diesel from Neste, companies can reduce their climate emissions significantly in an instant by just changing the fuel. We are committed to supporting our customers to reduce their greenhouse gas emissions by at least 20 million tons annually by 2030,' Peter Zonneveld continues.

With Neste MY Renewable Diesel, the GHG emissions can be reduced by as much as 75 to 95% when emissions over the fuel's life cycle are compared with fossil diesel.* Neste MY Renewable Diesel is produced from 100% renewable raw materials. Being a drop-in fuel, it is fully compatible with all diesel engines, not requiring any modifications to the existing vehicles or fuel distribution infrastructures.

The GHG emission reduction percentage varies depending on the region-specific legislation that provides the methodology for the calculations (e.g. EU RED II 2018/2001/EU for Europe and US California LCFS for the US), and the raw material mix used to manufacture the product for each market.

Contact:

Neste's Media

Tel: +358 800 94025

E: media@neste.com

Neste in brief

Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. We are the world's leading producer of sustainable aviation fuel and renewable diesel and developing chemical recycling to combat the plastic waste challenge. We aim at helping customers to reduce their greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. Our ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe by 2030. We are introducing renewable and recycled raw materials such as liquefied waste plastic as refinery raw materials. We have committed to reaching carbon-neutral production by 2035, and we will reduce the carbon emission intensity of sold products by 50% by 2040. We also have set high standards for biodiversity, human rights and supply chain. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world's most sustainable companies. In 2021, Neste's revenue stood at EUR 15.1 billion. Read more: neste.com

About Bollore

Bollore Energy, a major player in oil logistics and distribution in France and Europe, has a storage capacity of 1.2 million m3 at 23 wholly- or partly-owned depots. Bollore Energy holds a 33.3% share of Raffinerie du Midi and 70% of Depot Rouen Petit-Couronne (DRPC). A front runner in the development of products and services enabling its clients to reduce their environmental footprint, Bollore Energy offers a range of low carbon products (Biofioul Evolution F3, Biofioul F30, KOOLZA100, IZIPURE) developed with a view, in particular, to reducing greenhouse gas emissions.

Contact:

IR

Juha-Pekka Kekalainen

Vice President

Investor Relations

T: +358 10 458 5292

E: juha-pekka.kekalainen(a)neste.com

(C) 2022 Electronic News Publishing, source ENP Newswire

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