Neste MY Renewable Diesel is a hydrotreated vegetable oil (HVO) fuel that can cut lifecycle greenhouse gas emissions by up to 75% compared to fossil diesel. It is a drop-in fuel meeting ASTM D975 and EN 15940 specs, meaning US fleet operators can use it in existing diesel engines without modifications. Neste supplies it through wholesale partners in California and the Pacific Northwest, where low-carbon fuel standards and LCFS credits make the economics work for heavy-duty trucking, construction, and municipal fleets. Demand is driven by fleets that need immediate carbon reductions but are not ready to fully electrify. Neste sources feedstocks like used cooking oil and animal fat waste, avoiding crude palm oil for its European and North American production. The fuel is sold via multi-year offtake agreements rather than retail pumps, and pricing depends heavily on policy incentives like LCFS credits and RINs. Policy risk remains a key factor: any weakening of these frameworks could narrow the cost advantage over fossil diesel. Neste produces Neste MY at large facilities in Finland, Singapore, and Rotterdam, and ships it into US West Coast ports. The company has invested in flexible production that can switch between renewable diesel and sustainable aviation fuel based on demand. For US fleet operators, Neste MY offers a drop-in solution for immediate emissions cuts without engine retrofits, but supply is constrained by global capacity and policy support.
