EnergyWatch

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.

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