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Neste and The Port Authority of New York & New Jersey in collaboration MoU

Finland-headed oil refiner and renewable fuel producer Neste Oyj and the Port Authority of New York & New Jersey (PANYNJ), have signed a Memorandum of Understanding (MoU) on its joint sustainable fuel initiative.

Neste’s MY Renewable Jet Fuel has proven its technical capability in thousands of commercial flights. Easily adopted by airlines without the need for investments in new jet engines or segregated fuel distribution systems, it is produced from renewable and sustainable raw materials, thus significantly reducing greenhouse gas (GHG) emissions over the life-cycle.

The Port Authority conceives, builds, operates and maintains airport, port, rail and other transportation infrastructure critical to the New York/New Jersey region’s trade and transportation network. The facilities include America’s busiest airport system, marine terminals and ports, the PATH rail system, six tunnels and bridges between New York and New Jersey, the Port Authority Bus Terminal in Manhattan, and the World Trade Center (WTC).

As the first U.S. transportation agency to embrace the Paris Climate Agreement, the Port Authority is committed to reducing its carbon footprint by supporting the use of sustainable fuels across our facilities – especially in operations where electrification is not yet viable.One of the key elements of that commitment is working closely with partners who can help us enact an aggressive sustainability agenda. So we are excited to collaborate with Neste to identify ways to develop the regional market for cleaner liquid fuel, as we work towards our goal of reducing the agency’s emissions 80 percent by 2050, said Christine Weydig, director of the Port Authority’s Office of Environmental and Energy Programs.

The partners will be working together to facilitate the use of sustainable transportation fuels at Port Authority facilities and in its fleet vehicles and equipment, including renewable aviation fuel, renewable diesel, renewable propane and other sustainable fuel products.

We are truly happy to partner with Port Authority of New York and New Jersey, a key transportation facilitator in the area. Over the years we have built a solid track record in decarbonizing transportation with our Neste MY Renewable Diesel, and we are in the process of increasing our production capacity of Renewable Jet Fuel to meet the growing demand. Decarbonizing transportation requires partnering, sharing the same goal, and working side by side. We are extremely excited to share our expertise in low-carbon renewable fuels to find solutions for the Port Authority of New York & New Jersey to reach their greenhouse gas emission reduction targets said Neste’s President and CEO Peter Vanacker.

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