New Jersey Natural Gas to Reduce Fleet Emissions with Neste MY Renewable Diesel
19 Aprile 2024 - 3:02PM
Business Wire
Expanding on its sustainability leadership, New Jersey Natural
Gas (NJNG), the principal subsidiary of New Jersey Resources (NYSE:
NJR), announced it is switching to a new, lower emissions fuel for
medium-duty trucks and associated equipment to help further reduce
greenhouse gas (GHG) emissions. It is now the first natural gas
utility on the East Coast to incorporate Neste MY Renewable Diesel™
to fuel a portion of its fleet operations.
“Innovation and new technologies will be critical to reduce
emissions economywide and reach New Jersey’s climate goals. New
Jersey Natural Gas’ use of renewable diesel to help reduce our
fleet emissions is the next step toward this goal,” said Patrick
Migliaccio, Senior Vice President and COO of New Jersey Natural
Gas. “Together with Neste and KW Rastall, our fuel supplier, we are
helping lower transportation related emissions in New Jersey.”
According to Neste, the world's leading producer of renewable
diesel, Neste MY Renewable Diesel is made from sustainably sourced,
100% renewable raw materials and can reduce up to 75%* of GHG
emissions over the fuel’s life cycle compared with fossil diesel.
Since it is drop-in and compatible with all diesel engines, NJNG is
able to seamlessly transition to Neste MY Renewable Diesel without
the need for new infrastructure or modifications to its fleet
vehicles.
Approximately, 70 medium-duty trucks in NJNG’s fleet now run on
Neste MY Renewable Diesel. These vehicles account for approximately
57,000 gallons of renewable diesel which is estimated to reduce GHG
emissions by up to 550 tons* annually. This is equal to the annual
direct GHG emissions from more than 120 passenger vehicles,
according to the U.S. Environmental Protection Agency (EPA)
Greenhouse Gas Equivalencies Calculator.
Neste MY Renewable Diesel is the first TOP TIER™ certified
renewable diesel for its high quality. It can be used in its neat
form or blended with fossil diesel at any ratio. It also performs
well in extreme cold conditions and can be stored over long periods
of time without deterioration, making it an ideal choice for
NJNG.
“We are excited to help New Jersey Natural Gas reduce their
fleet emissions with renewable diesel. Innovative companies, like
NJNG, are paving the way towards a larger-scale transition to
renewables and a cleaner energy future,” says Carrie Song, Senior
Vice President, Commercial, Renewable Products at Neste. “This
partnership demonstrates the increasing demand for lower-emission
fuels across the entire nation. We look forward to helping other
businesses in the state effectively reduce greenhouse gas
emissions.”
Delivery of Neste MY Renewable Diesel is made possible by
Neste’s long-term distributor Diesel Direct and their partnership
with KW Rastall Oil, NJNG’s fuel supplier. Replicating its value
chain in New Jersey, Neste supports the state’s goal to reduce GHG
emissions from transportation.
*The GHG emission reduction is determined using the methodology
provided by U.S. California LCFS. The calculation may vary between
international locations depending on the specific legislation used
to provide the methodology (e.g. EU RED II 2018/2001/EU for Europe)
and the raw material mix used to manufacture the product for each
market.
About New Jersey Resources:
New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that,
through its subsidiaries, provides safe and reliable natural gas
and clean energy services, including transportation, distribution,
asset management and home services. NJR is composed of five primary
businesses:
- New Jersey Natural Gas, NJR’s principal subsidiary,
operates and maintains natural gas transportation and distribution
infrastructure to serve nearly 576,000 customers in New Jersey’s
Monmouth, Ocean and parts of Morris, Middlesex, Sussex and
Burlington counties.
- Clean Energy Ventures invests in, owns and operates
solar projects with a total capacity of approximately 469
megawatts, providing residential and commercial customers with
low-carbon solutions.
- Energy Services manages a diversified portfolio of
natural gas transportation and storage assets and provides physical
natural gas services and customized energy solutions to its
customers across North America.
- Storage and Transportation serves customers from local
distributors and producers to electric generators and wholesale
marketers through its ownership of Leaf River Energy Center and the
Adelphia Gateway Pipeline, as well as our 50% equity ownership in
the Steckman Ridge natural gas storage facility.
- Home Services provides service contracts as well as
heating, central air conditioning, water heaters, standby
generators, solar and other indoor and outdoor comfort products to
residential homes throughout New Jersey.
NJR and its over 1,300 employees are committed to helping
customers save energy and money by promoting conservation and
encouraging efficiency through Conserve to Preserve® and
initiatives such as SAVEGREEN™ and The Sunlight Advantage®.
Contact New Jersey Natural Gas Media Relations Department
by phone at 732-684-3234, email
corporatecommunications@njresources.com, or visit njng.com, follow
us on X (formerly Twitter) @NJNaturalGas and “Like” us on
facebook.com/NewJerseyNaturalGas.
Neste in brief:
Neste (NESTE, Nasdaq Helsinki) creates solutions for combating
climate change and accelerating a shift to a circular economy. The
company refines waste, residues and innovative raw materials into
renewable fuels and sustainable feedstock for plastics and other
materials.
As the world’s leading producer of sustainable aviation fuel and
renewable diesel and a forerunner in developing renewable and
circular feedstock solutions for polymers and chemicals, Neste
helps 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 by 2030. 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 Dow Jones Sustainability Indices and the Global 100
list of the world’s most sustainable companies. In 2023, Neste's
revenue stood at EUR 22.9 billion. Read more: neste.com.
Contact Neste's Media Service at tel. +358 800 94025 /
media@neste.com (weekdays from 8.30 a.m. to 4.00 p.m. EET),
subscribe to Neste’s releases at
https://www.neste.com/for-media/releases-and-news/subscribe or
visit nestemy.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240419272003/en/
Media: Mike Kinney 732-938-1031
mkinney@njresources.com
Investor: Adam Prior 732-938-1145
aprior@njresources.com
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