News | March 12, 2018

Valtra Takes Neste MY Renewable Diesel To Over 75 Countries - One Tank At A Time

(GLOBE NEWSWIRE) - Valtra, a manufacturer of tractors, is the first factory in the world to fill its new tractors with Neste MY Renewable Diesel™, a fuel is produced entirely from waste and residues. Hence, Valtra takes Neste MY Renewable Diesel to over 75 countries, one tank at a time.

"In today's world, it's important to get through to customers with concrete actions. Neste MY gives us an easy way to make our operations more environmentally friendly. We are a large consumer of diesel, so this decision is really important," says Valtra's Marketing Director, Mikko Lehikoinen.

Every year, approximately 700,000 liters of fossil diesel will be replaced by Neste MY Renewable Diesel at Valtra. According to a research report* conducted at the VTT Technical Research Centre of Finland, the use of renewable 'drop-in' fuels in diesel engines is an easy and quick way to reduce emissions. Neste MY Renewable Diesel is such a fuel, and it can be used in tractors and forklifts as such, with no need to change current engines. The reduction in the amount of yearly emissions through Valtra's adoption of renewable diesel is equivalent to the emissions produced by nearly 560 passenger cars, or up to 46,000 hours of tractor use without emissions. In addition to the first fill, Neste MY Renewable Diesel is also used for storing in new tractors and in the forklifts used at the factory.

"Ecological values and the environment are important to Valtra's customers. Our customers are constantly striving to make better choices, and they will definitely take responsibility, as well as environmental and climate-related matters, such as fuel, into account when choosing a tractor manufacturer," Lehikoinen adds.

"Valtra starting to use Neste MY Renewable Diesel is a concrete action for a cleaner future. We are very delighted that we are able to help Valtra reduce the carbon footprint of their tractors in more than 75 countries. Neste MY can be freely used everywhere in the world throughout the year, because its winter quality can be used down to temperatures of -34 °C. In addition, it has an excellent shelf life," says Mika Hyötyläinen, Vice President of Marketing for Marketing & Services business area at Neste.

In order to celebrate the cooperation around Neste MY Renewable Diesel, Neste and Valtra have launched a website called Wake Up Call to All Farmers. It gives a voice to those farmers around the world who have done concrete actions for a better tomorrow.

*) Research available in Finnish

About Valtra
Valtra Inc. develops, manufactures, markets and services Valtra tractors that are individualized for the way customers work. Renowned for their versatility and reliability, Valtra tractors are engineered to deliver high performance in demanding working conditions and on extreme terrains. Valtra is a worldwide brand of AGCO Corporation, being the leading tractor manufacturer in the Nordic countries and one of the most popular brands in Latin America. www.valtra.com.

About AGCO
AGCO (NYSE: AGCO) is a global leader in the design, manufacture and distribution of agriculture equipment and solutions and supports more productive farming through its full line of equipment and related services. AGCO products are sold through five core brands, Challenger®, Fendt®, GSI®, Massey Ferguson® and Valtra®, supported by Fuse® precision technologies and farm optimization services. Founded in 1990, AGCO is headquartered in Duluth, GA, USA. In 2017, AGCO had net sales of $8.3 billion. For more information, visit http://www.AGCOcorp.com. For company news, information and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR

Neste MY Renewable Diesel in brief
Neste MY Renewable Diesel is classified as Hydrotreated Vegetable Oil (HVO) and it should not be confused with traditional biodiesel (FAME). Neste MY Renewable Diesel is a premium-quality product and it can be used in any blending ratio or as such in all diesel engines. Read more about the difference between renewable diesel and traditional biodiesel.

Neste in brief
Neste (NESTE, Nasdaq Helsinki) creates sustainable solutions for transport, business, and consumer needs. Our wide range of renewable products enable our customers to reduce climate emissions. We are the world's largest producer of renewable diesel refined from waste and residues, introducing renewable solutions also to the aviation and plastics industries. We are also a technologically advanced refiner of high-quality oil products. We want to be a reliable partner with widely valued expertise, research, and sustainable operations. In 2017, Neste's revenue stood at EUR 13.2 billion. In 2018, Neste placed 2nd on the Global 100 list of the most sustainable companies in the world. Read more: neste.com.

© 2018 GlobeNewswire, Inc. All Rights Reserved.

SOURCE: Neste Oyj