Colabitoil secures supplies of HVO100 in new agreement with Neste
Sweden-based renewable fuel developer and distributor Colabitoil AB, has announced that it has entered into new supply agreements with Finland-headed oil refiner and renewable fuel producer Neste Oyj, ensuring supplies of HVO100 from the world's largest producer.
We are happy for continued trust and cooperation. We are looking forward to new joint efforts that continue to develop the HVO100 renewable diesel market, said Jan Nordlöf, CEO of Colabitoil.
According to Colabitoil, the new agreements ensure the continued delivery of renewable diesel HVO100 from Neste, a fuel that is seeing rapid growth on the Swedish transportation fuel market.
The Swedish market is important to Neste and we are pleased about our continued cooperation with Colabitoil. Our HVO100, renewable diesel, has been well received by our Swedish fleet owners. It is a carbon dioxide-low, fossil-free diesel produced from 100 percent renewable and sustainable raw materials, and it reduces greenhouse gas (GHG) emissions up to 90 percent compared with conventional diesel, said Carl Nyberg, Vice President of Sales Scandinavia at Neste.