Neste, KPI OceanConnect and Global Energy collaborate for the first delivery of Neste MY Renewable Diesel to the marine sector in Singapore

Neste Corporation, News, 8 January 2025



Photo: Delivery of Neste MY Renewable Diesel to the marine sector in Singapore. Source: KPI OceanConnect

Neste and KPI OceanConnect, a global provider of marine energy solutions, collaborate on the supply of Neste MY Renewable Diesel™ to the marine sector in Singapore in partnership with Global Energy for operational delivery in Singapore waters. This is the first time renewable diesel is supplied to the marine sector players to be used e.g. by cruise ships in Singapore. 

Neste MY Renewable Diesel is a solution for reducing greenhouse gas (GHG) emissions in multiple sectors powered by diesel engines, such as in heavy transportation, mining and in construction. Made from 100% renewable raw materials, Neste MY Renewable Diesel is a direct replacement to fossil diesel, suitable for all diesel engines, and its use results in up to 90%* reduced GHG emissions over its life cycle compared to fossil diesel. Neste MY Renewable Diesel has a similar chemical composition to fossil diesel, it is a drop-in solution that can be used in all diesel-powered vessels without the need for additional investment or modifications to engines or fuel distribution infrastructure.

“This first supply of Neste MY Renewable Diesel to the marine sector in Asia-Pacific marks a significant milestone for the industry and demonstrates the versatility of the product across a wide range of applications where it can replace fossil diesel. It is an effective solution for enabling the marine sector to be more sustainable,” says Ee Pin Lee, Head of Commercial APAC, Renewable Products at Neste.

“We are proud to be industry first movers in sourcing and delivering renewable diesel for our clients, helping them reduce their carbon footprint and achieve their environmental goals. By working closely with Neste and Global Energy, we were able to offer a high-quality biofuel to our client, laying the groundwork for further fuel uptake and decarbonisation progress. This successful delivery is a testament to how partnerships can help advance the industry’s green transition,” says Jesper Sørensen, Head of Alternative Fuels and Carbon Markets at KPI OceanConnect.

“Partnering with Neste and KPI OceanConnect to supply renewable diesel to the marine sector in Singapore is an important step in helping our clients reduce their environmental impact. By providing seamless and reliable delivery of renewable diesel with a Maple barge, we are supporting the industry’s transition without compromising operational efficiency. We’re proud to play a role in driving these crucial efforts within the maritime sector,” says Chow Munee, Group Business Manager at Global Energy.

This collaboration sets an important precedent for the marine sector to utilize more sustainable alternatives in their operations. The use of Neste MY Renewable Diesel helps reduce the environmental impact in the marine sector, but also showcases the feasibility of adopting more sustainable solutions seamlessly.

*) The GHG emission reduction 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 US California LCFS for the US), and the raw material mix used to manufacture the product for each market. 

Further information: Please contact Neste's media service, tel. +358 800 94025 / media@neste.com (weekdays from 8.30 a.m. to 4.00 p.m. EET). Please subscribe to Neste’s releases at https://www.neste.com/media/subscribe. 

Neste in brief

Neste (NESTE, Nasdaq Helsinki) uses science and innovative technology to transform waste and other resources into renewable fuels and circular raw materials. The company creates solutions for mitigating climate change and accelerating a shift to a circular economy. Being the world’s leading producer of sustainable aviation fuel (SAF) and renewable diesel and a forerunner in developing renewable and circular feedstock solutions for polymers and chemicals, the company aims to help 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. 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 CDP and the DJSI lists of the world’s most sustainable companies. In 2023, Neste's revenue stood at EUR 22.9 billion. Read more: neste.com 

KPI OceanConnect in brief

KPI OceanConnect is one of the world’s largest and most experienced independent marine energy service and solutions providers. For more than 50 years, KPI OceanConnect has been fuelling global trade through its partnership approach, innovative solutions, and ability to expertly guide its clients through new and evolving challenges.

By combining the expertise of its global workforce with market-leading technology, innovation, and financial strength, KPI OceanConnect creates long-term value for its partners and is a trusted leader in the transition to low carbon energy.

KPI OceanConnect’s teams of experienced professionals deliver trusted expert counsel from offices in Athens, Doha, Hong Kong, Houston, Istanbul, Jakarta, London, Miami, Middelfart, New York, Rotterdam, Seattle, Seoul, Singapore and Tokyo.

Find out more by visiting: https://kpioceanconnect.com/

Global Energy in brief

Established in 1992, Global Energy Group is a leading marine service provider. We currently own and operate 25 tankers to support its marine fuel supply business in Singapore and Fujairah, and a regional oil transportation/logistics business. Global Energy Trading Pte Ltd and Stellar Shipmanagement Services Pte Ltd are wholly owned subsidiaries, operating the core businesses of the Group.

Global Energy Group reaffirms its dedication to providing top-notch bunkering services, expanding its offerings beyond traditional marine fuels to include a comprehensive range of alternate marine fuels solutions to support our partners’ changing needs on their path to decarbonisation.

Read more: www.globalenergy.com.sg