The company said it conducted both bench engine tests and on two vehicles in real road conditions. The fuel meets EN228 European standards devised for fuels made from biomass.
The product may “complete” the circle of fuels – along with renewable diesel and sustainable aviation fuel (SAF). Neste is a leading producer of both and intends to place the different variants on the market in response to tougher standards for carbon emissions.
Last December, the European Commission raised the bar for reducing emissions compared to 1990 levels – placing it at 55 % compared, to be achieved by 2030, compared to an earlier rule of 40 %.
“Countries could raise their national ambitions to reduce even more greenhouse gas emissions as the industry is able to introduce new, impactful solutions,” Carl Nyberg, Executive Vice President, Renewable Road Transportation at Neste, was quoted as saying in a statement.
Biofuel is not the sole sector of the European fuel market to have received an additional stimulus thanks for official policies calling for decarbonisation. Last year, Hyundai sent to Switzerland the first shipment of 18-tonne trucks operating on hydrogen fuel. And last month, Daimler and Volvo announced their intention to cut prices for engines working on hydrogen fuel elements to one-fifth or one-sixth of current levels by 2027.
And suppliers of all forms of fuel are feeling the pressure of competition from makers of electric vehicles. By 2030, according to forecasts by the International Energy Agency, electric cars will make up 35 % of all new vehicle sales in Europe.