Neste pleased with Sweden’s draft laws to boost biofuels use for carbon emissions reductions

In Sweden, Neste welcomed the Swedish government’s draft law proposals for the emission reduction mandate for traffic fuels and the continued tax exemption for high-blend biofuels. Long-term perspective and ambitious targets provide a much-needed basis for innovation and investments in the biofuels sector, while ensuring the necessary carbon emission reductions in transportation.

“Sweden is showing worldwide leadership with its ambitious goal to reduce carbon emissions from its transport sector by 70% by 2030. A growing Nordic market for biofuels is emerging, as also Norway and Finland have recently set very high biofuel targets. The large resources of forest-based raw materials in these countries are expected to play a big role in reaching these targets,” said Kaisa Hietala, Executive Vice President of Neste’s Renewable Products business area.

Neste Oil: The digest’s 2015 5 Minute Guide