Neste, ITOCHU expands availability of renewable diesel in Japan
The focus of the current collaboration will be to sell and promote the use of more sustainable fuels.
Neste and ITOCHU will extend their collaboration with a licensing agreement allowing ITOCHU to become an official distributor of renewable diesel in Japan.
Japan has accelerated the steps towards decarbonization in order to meet two ambitious climate goals – carbon neutrality by 2050 and a 46% reduction in greenhouse gas (GHG) emissions by 2030. Neste and ITOCHU share a common vision of renewable fuels playing a key role in reducing greenhouse gas emissions in Japan. The focus of the current collaboration will be to sell and promote the use of more sustainable fuels.
“We are very excited to expand our Neste MY Renewable Diesel offering in Japan. We firmly believe that all solutions are needed to reduce transportation-related emissions and support Japan’s target of reaching carbon neutrality by 2050. We are committed to supporting our customers to reduce greenhouse gas emissions by at least 20 million tons annually by 2030,” says Peter Zonneveld, Vice President Sales, Europe and APAC at Neste’s Renewable Road Transportation business unit.
Neste and ITOCHU started collaborating in Japan already in June 2021 to make renewable diesel available to selected customers in Japan.
“Renewable diesel is getting a lot of attention as a solution for decarbonizing multiple industries such as heavy-duty transportation, off-road and railways in Japan. We are very happy to strengthen the partnership with Neste and thereby help the Japanese market to reduce its greenhouse gas emissions,” says Tatsuya Tanaka, ITOCHU’s General Manager of the petroleum trading department.
ITOCHU Corporation, one of the leading sogo shosha, is engaging in domestic trading, import and export, and overseas trading of various products.
