Colonial Oil Industries, working with Neste, Terminal Investment Corporation (TICO), and Gateway Terminals, is providing renewable diesel to customers and businesses in the Southeast through the Port of Savannah, marking what the company calls a significant stride towards a more sustainable future in the region.
"We endeavor to be the energy partner of choice in the markets we serve and our strategic relationship with Neste accelerates this ambition,” said Bob Kenyon, president of Colonial Oil Industries.
The renewable diesel will be supplied by Neste, a leading producer of renewable diesel and sustainable aviation fuel and a developer of renewable and circular feedstock solutions for polymers and chemicals.
Renewable diesel is a lower-carbon alternative to traditional diesel fuel, produced from renewable raw materials such as used cooking oil and animal fat waste. When compared to fossil diesel, the use of renewable diesel significantly reduces greenhouse gas emissions over the fuel’s life cycle, making it a crucial player in the global effort to combat climate change.
“In the drive to cut supply chain emissions, renewable diesel is a welcome option that both integrates well into current delivery models and provides important overall reductions in carbon and particulate matter,” said Kevin Price, CEO of Gateway Terminals.
Benefits of Renewable Diesel
Colonial Oil said key benefits of its renewable diesel offering Include:
- Environmental impact: Renewable diesel can reduce emissions by up to 75% over the life cycle of the fuel compared to fossil diesel, the company said.
- Performance: Renewable diesel offers comparable performance to fossil diesel, ensuring a seamless transition for consumers and businesses.
- Compatibility: Renewable diesel is fully compatible with all diesel engines and does not require additional investments to the engines and fueling infrastructure. It can be used in its neat form or be blended with fossil diesel at any ratio.
- Supply chain integration: With a robust supply chain and in partnership with CTI and Georgia Ports Authority, Colonial Oil said it can provide a reliable and consistent source of renewable diesel for consumers.