Finnish refinery giant calls Denmark's climate goal a bold bet

As Denmark's plans to cut climate emissions gradually fall into place, it seems the country will bank heavily on future technologies to achieve the 70-percent reduction target, says Finnish Neste, which wants into the former's market by offering a here-and-now solution for transportation.

Neste's HQ in Espoo, Finland. The refinery giant wants into Denmark's market, but political signals don't bode well for an open reception. | Photo: PR / Neste

When Finnish refinery giant Neste read about Denmark's climate policy and the objective of achieving a 70-percent cut in greenhouse gas emissions, it was seen a signal warning of a major overhaul of the Danish fuel market.

Neste is currently the world's larger producer of advanced biofuels. Thus far, however, Danish framework conditions on fuel mixtures – which don't incorporate carbon-offsetting options – have made the market irrelevant for the Finnish group.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted aims to be number one on carbon capture

The utility hopes to win the Danish carbon capture and storage tender with a plan to capture 400,000 tonnes of CO2 by 2025 from the company’s biomass-fired combined heat and power stations.

Nordex downgrades forecast

The German turbine manufacturer has had a rougher start to 2022 so far than expected, prompting the company to downgrade guidance by EUR 200m at minimum.

Further reading

Related articles

Latest News

See all jobs