Neste and New Jersey Natural Gas target reducing greenhouse gas emissions with Neste MY Renewable Diesel

Neste Corporation, News, 19 April 2024

Neste, the world's leading producer of renewable diesel and sustainable aviation fuel, and New Jersey Natural Gas (NJNG), the principal subsidiary of New Jersey Resources, look to reduce greenhouse gas (GHG) emissions with Neste MY Renewable Diesel™. Expanding on its sustainability leadership, NJNG announced it is switching its medium-duty trucks and associated equipment to renewable diesel to help reduce GHG emissions. NJNG is now the first natural gas utility on the East Coast to use this cleaner fuel for its fleet operations.

"We are excited to help New Jersey Natural Gas reduce their fleet emissions with renewable diesel. Innovative companies, like NJNG, are paving the way towards a larger-scale transition to renewables and a cleaner energy future," says Carrie Song, Senior Vice President, Commercial, Renewable Products at Neste. "This partnership demonstrates the increasing demand for lower-emission fuels across the entire nation. We look forward to helping other businesses in the state effectively reduce greenhouse gas emissions."

When using Neste MY Renewable Diesel - made from sustainably sourced, 100% renewable raw materials - GHG emissions can be reduced by up to 75%* over the fuel's life cycle compared to fossil diesel. Additionally, since Neste's renewable diesel is compatible with all diesel engines, NJNG is able to seamlessly transition to this fuel without the need for new infrastructure or investment into fleet modifications.

Approximately 70 medium-duty trucks in NJNG's fleet now run on renewable diesel. These vehicles will account for over 57,000 gallons (168 tons) of renewable diesel which can help reduce GHG emissions by up to 550 tons* annually compared to the use of fossil diesel. It equals to the annual direct GHG emissions from more than 120** passenger vehicles according to the EPA Greenhouse Gas Equivalencies Calculator.

"Innovation and new technologies will be critical to reduce emissions economywide and reach New Jersey's climate goals. New Jersey Natural Gas' use of renewable diesel to help reduce our fleet emissions is the next step toward this goal," said Patrick Migliaccio, Senior Vice President and COO of New Jersey Natural Gas. "Together with Neste and KW Rastall, our fuel supplier, we are helping lower transportation related emissions in New Jersey."

Collaboration with industry's leading fuel distributors

Testing and the delivery of Neste MY Renewable Diesel is made possible by Neste's long-term distributor Diesel Direct, the nation's largest mobile on-site fueling company, and their partnership with KW Rastall Oil, NJNG's fuel supplier. Since 2018, Diesel Direct has been distributing Neste MY Renewable Diesel to hard-to-abate industries in the U.S., including road transportation, construction, agriculture, marine sector and more. Replicating its value chain in New Jersey, Neste supports the state's goal to reduce GHG emissions from transportation.

In addition to reducing GHG emissions, Neste MY Renewable Diesel is the first TOP TIER™ renewable diesel fuel certified for its high quality. It can be used in its neat form or blended with fossil diesel at any ratio. It also performs well in extreme cold conditions and can be stored over long periods of time without deterioration, making it an ideal choice for NJNG.

Neste is increasing its annual production capacity to 1.9 billion gallons (5.5 million tons) of renewable products globally in 2024. Neste was one of the first companies to supply renewable diesel to states on the West Coast, including California and Oregon, and the company is rapidly expanding its production, fueling station network, and distribution capabilities to meet the growing demand across the U.S.

*) The GHG emission reduction percentage varies depending on the region-specific legislation that provides the methodology for the calculations (e.g. EU RED II 2018/2001/EU for Europe and U.S. California LCFS for the U.S.), and the raw material mix used to manufacture the product for each market.
**) EPA Greenhouse Gas Equivalencies Calculator

Further information:

Neste: Please contact Neste's media service, tel. +358 800 94025 / [email protected] (weekdays from 8.30 a.m. to 4.00 p.m. EET). Please subscribe to Neste's releases at https://www.neste.com/for-media/releases-and-news/subscribe.

New Jersey Natural Gas: Contact New Jersey Natural Gas media relations department by phone at 732-684-3234, email [email protected], or visit njng.com, follow us on X (formerly Twitter) @NJNaturalGas and "Like" us on facebook.com/NewJerseyNaturalGas.

Neste in brief

Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. The company refines waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials.

As the world's leading producer of sustainable aviation fuel and renewable diesel and a forerunner in developing renewable and circular feedstock solutions for polymers and chemicals, Neste helps its customers to reduce their greenhouse gas emissions by at least 20 million tons annually by 2030.

The company's ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe by 2030. Neste is committed to reaching carbon-neutral production by 2035, and will reduce the carbon emission intensity of sold products by 50% by 2040. Neste has also set high standards for biodiversity, human rights and the supply chain. The company has consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world's most sustainable companies. In 2023, Neste's revenue stood at EUR 22.9 billion. Read more: neste.com

About New Jersey Resources

New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:

• New Jersey Natural Gas, NJR's principal subsidiary, operates and maintains natural gas transportation and distribution infrastructure to serve nearly 576,000 customers in New Jersey's Monmouth, Ocean and parts of Morris, Middlesex, Sussex and Burlington counties.
• Clean Energy Venturesinvests in, owns and operates solar projects with a total capacity of approximately 469 megawatts, providing residential and commercial customers with low-carbon solutions.
• Energy Servicesmanages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America.
• Storage and Transportationserves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River Energy Center and the Adelphia Gateway Pipeline, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility.
• Home Servicesprovides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey.

NJR and its over 1,300 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as SAVEGREEN™ and The Sunlight Advantage®.

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