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OMV says it will stop oil and gas production by 2050 in transformation to net-zero

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Austria-based OMV, an international, integrated oil, gas and chemicals company, announced its intention to become a net-zero (Scope 1, 2 and 3) company by no later than 2050. OMV’s plan foresees emission reduction targets of 30% in operations (Scope 1 & 2) and a 20% reduction target in the product portfolio (Scope 3) for 2030.

Oil 465
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UPM and WWF Finland co-operate to promote the sustainability of wood-based liquid biofuels

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Finland-based bio and forest industries company UPM and WWF Finland have engaged in a dialogue on the status of wood-based liquid biofuels in Finland and present a list of joint measures to be carried out to promote sustainability. —Liisa Rohweder, CEO of WWF Finland. Earlier post.).

Finland 231
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Neste providing companies in Finland a service for monitoring transport fuel emissions

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Neste is the first company in Finland to provide a service for companies and other organizations to monitor their climate emissions caused by the use of transport fuels. Road transport accounts for more than 90% of the total transport emissions in Finland.

Finland 186
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Neste Oil beginning commercial use of tall oil pitch as fuel feedstock

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Neste Oil is beginning the commercial use of tall oil pitch as a feedstock for refining into transportation fuel. Up until now, it has not been possible to use tall oil pitch, a residue produced by tall oil refiners ( earlier post ), as a commercial-scale feedstock for fuel refining purposes. Earlier post.).

Oil 230
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Green NortH2 Energy receives €2.3M in R&D funding from Business Finland for the development of green hydrogen and ammonia production

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Business Finland has awarded €2.3 With the loan, the Finland-based company is developing a green hydrogen and ammonia production concept. This will create a significant reduction in emissions. Besides ammonia, it can be powered by bio oil or MDO.

Finland 259
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Neste Oil’s renewable diesel used to generate elecricity at two events in Finland

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Neste Oil’s NEXBTL renewable diesel was used to generate electricity at two major events in Finland this summer: the Flow Festival in Helsinki and the Neste Oil Rally Helsinki Battle street circuit race. —Kaisa Hietala, Neste Oil’s Executive Vice President, Renewable Products.

Finland 218
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Neste Oil Begins Trials of 100% Renewable Diesel in Passenger Cars; Planning Retail Rollout in Finland

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Neste Oil has begun trials of Neste Green 100 diesel—a renewable drop-in hydrocarbon replacement for diesel, not biodiesel (fatty acid methyl esters)—in cars in Finland. The trial will include private individuals and Neste Oil employees. Drivers will fill up at selected Neste Oil service stations in Greater Helsinki.

Finland 170