Swedish Businesses Turn to HVO100 as Sustainable Fuel Alternative
Swedish companies increasingly adopt HVO100 to reduce climate impacts amid slow electrification.
Key Points
- • HVO100 significantly reduces fossil CO2 emissions.
- • Produced by Preem, it can be used in most diesel engines without modifications.
- • Demand for HVO100 is increasing, with plans to enhance production by 2035.
- • It serves as a practical alternative while electrification of the transport sector lags.
As the electrification of the transport sector proceeds at a slower pace, Swedish businesses are increasingly turning to HVO100, a sustainable fuel alternative, to mitigate their climate impact. Produced by Preem, HVO100 is eco-labeled and significantly reduces fossil CO2 emissions, making it an attractive option for companies eager to transition to greener practices. With the ability to be used in most diesel engines without modifications, HVO100 stands out as a viable solution amid challenges in implementing electric vehicle technology.
According to Preem, the production of HVO100 is set to rise to 3 million cubic meters by 2035, reflecting the anticipated demand from transportation companies. Currently available at over 80 fueling stations across Sweden, HVO100 can slash greenhouse gas emissions by more than 90%, including the emissions tied to production and transport.
Daniel Granquist, a business developer for HVO100 at Preem, highlighted that despite the fuel being costlier than traditional diesel, it represents a practical step for businesses during the transitional phase towards full electrification. This is particularly relevant for vehicles where electrification is not yet feasible.
While HVO100 serves as a critical bridge for companies prioritizing sustainability, industry leaders note that the current supply will not fully satisfy existing diesel demand. However, as Preem ramps up its production capabilities, HVO100 is poised to play a crucial role in Sweden's efforts to decarbonize its transport sector.