Finland-headed oil refiner, renewable fuels and products producer Neste Oyj, and ITOCHU Corporation, one of Japan's leading "sogo shosha" conglomerates have announced that they are joining forces to deliver renewable diesel to the Japanese market. In this collaboration, ITOCHU Corporation will be the first company in Japan to sell and distribute renewable diesel from Neste.
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In addition, FamilyMart, one of Japan’s largest convenience store chains and owned by ITOCHU Corporation, will start to use renewable diesel in some of the delivery vehicles at their distribution center in Yokohama City. This will be the first time that convenience store delivery vehicles use renewable diesel in Japan.
According to Neste, its renewable diesel is produced from 100 percent renewable raw materials and helps reduce greenhouse gas (GHG) emissions by up to 90 percent when emissions over the fuel’s life cycle are compared with fossil diesel.
The renewable diesel is a “drop-in” fuel, fully compatible with all diesel engines, not requiring any modifications to the existing vehicles or fuel distribution infrastructures.
ITOCHU Corporation has set “Contribute to and strengthen initiatives for the sustainable development goals” as one of the basic policies in its medium-term management plan and will continue the work to introduce renewable diesel in Japan.
To contribute to the realization of a sustainable society, FamilyMart has set numeric goals under three themes; “Reduction of greenhouse gas”, “Plastic measures,” and “Reduction of food loss” as the mid-and long-term goals for 2030 and 2050.
We are very excited and pleased to work together with our partner ITOCHU Corporation to develop the Japanese market for Neste renewable diesel, which will contribute to the reduction of greenhouse gas emissions, said Carl Nyberg, EVP, Renewable Road Transportation at Neste.