UPM Biofuels joins global companies in below50 coalition to scale up sustainable fuels for low-carbon world
(UPM, Helsinki, 15 November 2016 at 14:30 EET) - UPM Biofuels has joined the below50 coalition to promote the most sustainable fuels that can achieve significant carbon reductions - and scale up their development and use.
Any company which produces, uses or invests in fuels that are at least 50% less carbon intensive than conventional fossil fuels can join below50. Companies must publicly commit to the campaign, show evidence that supports their claim, and disclose their progress towards achieving this goal.
"Below50 sends out an important message on the need to scale up the global market for sustainable biofuels. Advanced biofuels provide a fast track to decarbonising transport. UPM has been producing its wood-based renewable drop-in diesel for almost two years now. Market reaction to our innovative UPM BioVerno - which provides up to 80% GHG reduction - has been very positive. We believe consumers will increasingly appreciate the environmental and social benefits of truly advanced biofuels," says Sari Mannonen, Vice President, UPM Biofuels.
Below50 is one of the newest initiatives in sustainable fuels, and it brings together forward-thinking businesses with the World Business Council for Sustainable Development (WBCSD), Roundtable for Sustainable Biomaterials (RSB) and Sustainable Energy for All (SE4ALL). The initiative was launched in June 2016.
"Our industry needs global collaboration platforms and the message conveyed by below50 fits UPM Biofuel's strategy very well," concludes Sari Mannonen.
For further information please contact:
Sari Mannonen, Vice President, UPM Biofuels, tel. +358 45 265 1345
UPM Media Relations
9.00-16.00 EET
tel. +358 40 588 3284
media@upm.com
UPM Biofuels
UPM plans to become a major player in high quality, advanced biofuels for transport. Biofuels are an essential part of the Biofore strategy. The innovative wood-based biofuels developed by the company and their production technologies are part of a sustainable future. UPM's biofuels are frontrunners in quality, usability and sustainability. They will significantly decrease greenhouse gas emissions compared to fossil fuels. www.upmbiofuels.com
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UPM
Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,600 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - www.upm.com
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Below50 is a ground-breaking initiative that brings forward-thinking businesses together with the World Business Council for Sustainable Development (WBCSD), Roundtable for Sustainable Biomaterials (RSB) and Sustainable Energy for All (SE4ALL) to promote the best-of-breed of sustainable fuels that can achieve significant carbon reductions, and scale up their development and use. A key outcome of the Low Carbon Technology Partnerships initiative (LCTPi), below50 is a game-changing collaboration designed to grow a global corporate market for the best-of-breed sustainable low-carbon transport fuels (LCTFs). Any company who produces, uses and/or invests in fuels that are at least 50% less carbon intensive than conventional fossil fuels can join below50. Companies must publicly commit to the campaign, show evidence that supports their claim, and disclose their progress towards achieving this goal. www.below50.org