Finland-headed Neste Oyj, one of the world’s leading producers of renewable diesel and sustainable aviation fuel (SAF), has announced that it has joined the eFuel Alliance, an interest group dedicated to the industrial production of synthetic fuels from renewable sources.
The eFuel Alliance is based in Berlin, Germany, and Brussels, Belgium and brings together companies and organizations that share the goal of establishing and promoting power- and bio-based synthetic fuels to reduce greenhouse gas (GHG) emissions from transport.
Synthetic eFuels and sustainable biofuels are needed to reduce GHG emissions from transport and to facilitate the EU in reaching its 2050 targets. With Neste as a new member, the alliance gains an innovative thought leader and a strong global partner in the field of renewable fuels. Neste joining us also shows that the eFuel Alliance is gaining momentum on the European level which is a major goal in our efforts to change European regulation, said Ralf Diemer, Managing Director of the eFuel Alliance.
Throughout the world, more than 1.3 billion vehicles are currently powered by conventional internal combustion engines (ICEs). In addition, there are around 22 000 aircraft for which there are no cost-effective technical alternatives in sight.
These existing fleets will continue to form the basis for mobility in the coming decades. Low-carbon fuels are the only sustainable solution to reduce GHG emissions from existing combustion engines around the world.
We are happy to be part of the alliance, working together to promote renewable fuel solutions for both the short and long term. All solutions are needed in the fight against the climate crisis. Banning the combustion engine would close the door to sustainable drop-in solutions, such as fuels from green electricity and sustainable biomass. We cannot afford to exclude these options if we want to reach the climate targets and reduce greenhouse gas emissions from transport. Sustainably produced eFuels and biofuels have the potential to replace half of all fossil fuels used in road traffic by 2040, said Carl Nyberg, EVP for Neste’s Renewable Road Transportation business unit and Board member of the eFuel Alliance as of March 24, 2021.