Neste join forces with Fortum for new clean energy agreement.

Neste has announced a new long term agreement with Fortum to start using wind power at its production sites in Finland.

Over the past ten years, Neste has transformed from a regional oil refining company into a global leader in renewable fuels and one of the most sustainable companies in the world.

Today, they have committed to lowering their carbon footprint in production ahead of the EU’s climate and energy targets.

As part of this initiative they have signed a new long-term agreement on wind power with leading energy company Fortum.

The 12 year contract will see Neste purchasing approximately 70% of production at the Kalax wind farm, currently under construction in Närpes, Ostrobothnia.

The total capacity of the agreement is more than 60 MW, and the energy produced will correspond to around 20% of the electricity consumption at the Neste Porvoo and Naantali sites. The wind power deliveries are expected to begin in early 2021.

Peter Vanacker, Neste’s President and CEO, said: “In addition to offering renewable and circular solutions to our customers, we are also committed to reducing the carbon footprint of our own production. Investments in renewable energy are one part of this. We have been collaborating with Fortum for years and this first wind power agreement will only deepen our partnership.”

Fortum offer solutions in electricity, heating, cooling as well as solutions to improve resource efficiency. They intend to continue their growth in emission-free power generation based on their strong expertise and aim to increase their solar and wind power capacity to several gigawatts.

At the start of 2019, Fortum revealed a new innovation technique to boost EV recycling rates by over 80 per cent.

“We are very pleased to be able to sell competitive and domestic renewable energy to a partner like Neste. Not only do we share a common history with Neste, but we also share a vision for a carbon-neutral society and future energy system that is based on emission-free sources of energy,” says Fortum’s CEO Pekka Lundmark.

22 October 2019

Climate Action