Neste Expands LSFO Availability With Partnership

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Neste is broadening the sales and distribution of low-sulfur marine fuels in the Swedish market, together with its partner ScanOcean AB, says a press release published on their website.

LSFO distribution 

Together with its partner ScanOcean AB, Neste is broadening the sales and distribution of low-sulfur marine fuels in the Swedish market.

MGO DMA to be added

At the end of June 2021, ScanOcean will add Neste MGO DMA from the Neste Marine 0.1 product range to their product offering, alongside the Neste MDO DMB. Both bunker grades will be available at the Södertälje ex-pipe bunker station that serves vessels also in transit into Lake Mälaren.

“The MGO 0.1% is the most widely used marine fuel in European waters with excellent compatibility features that can be easily blended with renewable fuel components. We are working towards our goal of introducing renewable and sustainable marine fuels to the Swedish market,” comments Jonatan Karlström, Managing Director of ScanOcean.

The strengthened logistical set-up will also make the MGO DMA and MDO DMB marine fuel grades available to the greater Stockholm area by truck deliveries.

“We are pleased to continue our long-term partnership with ScanOcean with an updated product portfolio. With our high-quality marine fuels distributed by ScanOcean, we will continue to ensure the reliable and solid performance of vessels,“ says Sveta Ukkonen, Head of Marine Fuels at Neste.

Neste Marine 0.1 is a range of low-sulfur marine fuels with a sulfur concentration of less than 0.1% enabling cleaner engines and longer maintenance intervals.

Enhance operating profit through renewables

Neste Planned to rise its Operating Profit by Introducing renewable and recycled raw materials such as plastic waste and refinery raw materials.

They have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2020, Neste’s revenue stood at EUR 11.8 billion, with 94% of the company’s comparable operating profit coming from renewable products.

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Source: Neste