NESTE Renewable Jet Fuel

Transcription

1 NESTE Renewable Jet Fuel Presented at the IATA, Alternative Fuel Symposium Vancouver, Canada November 17, 2017 LANA Van MARTER, A.A.E., I.A.P Commercial Development Manager

2 Safe Harbor Statement The following information contains, or may be deemed to contain, forward-looking statements. These statements relate to future events or our future financial performance, including, but not limited to, strategic plans, potential growth, planned operational changes, expected capital expenditures, future cash sources and requirements, liquidity and cost savings that involve known and unknown risks, uncertainties and other factors that may cause Neste Corporation s or its businesses actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by any forward looking statements. In some cases, such forward-looking statements can be identified by terminology such as may, will, could, would, should, expect, plan, anticipate, intend, believe, estimate, predict, potential, or continue, or the negative of those terms or other comparable terminology. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Future results may vary from the results expressed in, or implied by, the following forward-looking statements, possibly to a material degree. All forward-looking statements made in this presentation based on information presently available to management and Neste Corporation assumes no obligation to update any forward-looking statements. Nothing in this presentation constitutes investment advice and this presentation shall not constitute an offer to sell or the solicitation of an offer to buy any securities or otherwise to engage in any investment activity.

3 Theme: Production Capacity Expansion Enablers: Aviation Stakeholders ASTM Pathways 3

4 Aviation preparing for carbon neutral growth Aviation industry committed to carbon neutral growth from 2020 onwards globally and regulatory support emerging both in Europe and North America Norway 1% Renewable Jet Fuel blend by 2019 EU aviation included in REDII proposal California proposal to include aviation in LCFS program Jet fuel market expected to grow by 100 Mton within next 10 years Large volume potential: e.g. At San Francisco International Airport 5% of Renewable Jet Fuel equals 158 kton/a dd At Vancouver International Airport 5% of Renewable Jet Fuel equals 59 kton/a dd Role of renewable fuels as carbon reduction measure in aviation well acknowledged 4

5 Despite numerous test programs and commercial launch, widespread continuous use of RJF has not been achieved? 5 Single test flights Several initiatives on commercial passenger flights (1000+) Low % available at hydrant Widespread continuous use

6 We target 20% of sales outside road traffic by 2020 Volume Aviation Plastics and other chemicals Time 6

7 Neste is committed to fighting climate change and making air travel more sustainable Neste HQ: Espoo Finland The world s first renewable diesel refinery ~3 MMbbl/yr PRODUCTION: Porvoo, Naantali, Rotterdam, Singapore, Bahrain (Neste s ownership 45%), Nynäshamn (Neste s ownership 49.99%) SALES AND MARKETING: The Netherlands The world s largest renewable diesel refinery ~8 MMbbl/yr 7 Singapore The world s largest renewable diesel refinery ~8 MMbbl/yr Espoo, Stockholm, Tallin, Washington DC, Riga, Vilnius, St. Petersburg, Geneva, Beringen, Houston, Dubai, Singapore

8 Program: Capacity Increase 8

9 Capacity increase program continues with concrete steps aiming at 4 million tons capacity by 2022 Continue debottlenecking of existing units by 15% to 3 Mton/a by 2020 Singapore plant turnaround is scheduled in 2018 Finalize feasibility studies for a new up to 1 Mton/a capacity by end 2017, aiming at final investment decision by end 2018 Target to have new production unit operational by

10 ENABLERS: Sustainable Aviation Fuel Achieve sustainability goals Be the Airport of Choice Solve fuel-related issues Better air quality Engaged and happy community Contribution to fight against climate change Job creation Airport authority Academia Local & NGOs community Passengers Lower their carbon footprint Loyalty program rewards Self-fulfilment / Recognition Local corporations Airlines CSR sustainability goals Value to employees, owners and Board Marketing and PR value Enhanced brand value Be the Airline of Choice Stronger passenger value prop Legitimacy for growth Leader in fighting climate change Addressing concerns of voters Job creation Energy diversification 10 Government Fuel Suppliers Broader product portfolio Enhanced value proposition to customers Value to Society / Meet obligations

11 Neste cooperation with leading aviation brands HEFA used in 1,187 scheduled flights Testing begins on the HFP HEFA for a new RJF specification Oslo Airport Gardermoen is the world's first airport to offer HEFA to all flights (ITAKA) 1 % blend of renewable jet fuel starting late 2018 Memorandum of Understanding on Renewable Jet Fuel 11

12 Clear roadmap in place to tap into wastes and residues We aim to have access to up to 20% of the available waste and residue streams by 2021 Developing traceability and certification for residues by 2020 Opening up new feedstock markets in South America and China Developing platforms for feedstock trading operations Investing in new pre-treatment technology 12

13 Neste s leading role in decarbonizing society Have no fear, embrace change Expanding to new markets and solutions to de-carbonise the world Remove waste from the world We are driving circular economy by turning waste and residues into renewable fuels and materials Create responsible choices We offer sustainable solutions that make sense to people and society 13

14 This is an opportunity for all of us. Sustainability-minded companies and stakeholders will lead change across the industry by joining forces. 14

15 The best way to predict the future, is to create it 15

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