Neste Oil sold its first batch of NExBTL renewable diesel to the US market
(Thomson Reuters ONE) -
Neste Oil Corporation
Press release
26 April 2012 at 9:20 am (EET)
Neste Oil sold its first batch of NExBTL renewable diesel to the US market
Neste Oil has recently supplied its first batch of NExBTL renewable diesel to
the US market. The fuel, which qualifies as an advanced biofuel in the US, was
produced at the company's Porvoo refinery in Finland from waste fats.
"We are very pleased to see that legislation on renewable fuels and our ability
to meet the import regulations for these types of fuels are progressing in
various markets. This enables us to participate and contribute to the greenhouse
gas reduction efforts around the world," says Matti Lehmus, Neste Oil's
Executive Vice President, Oil Products and Renewables.
"Our entry into the US renewable fuel market is an important milestone for us,
as the US represents a major market for premium-quality biofuels. We are also
proud of our contribution to the US Renewable Fuel Standard. The RFS regulation
enables and encourages the reduction of greenhouse gases and diversification of
the US fuel supply. NExBTL renewable diesel is an ideal low-carbon fuel for the
US market as it is completely fungible with the existing extensive
infrastructure - and is accepted within the existing refinery and pipeline
distribution system.
"In addition to the US, we have also expanded our customer base in Europe as
well, opening up new opportunities for NExBTL sales as we go forward," continues
Lehmus.
Neste Oil's sales of renewable fuels this year have grown as expected, according
to the company's Interim Report published today. Neste Oil sold 305,000 tons of
NExBTL renewable diesel to several dozens of customers in over ten countries
during the first quarter of 2012.
Neste Oil has a long history of supplying premium-quality, low-emission
petroleum products, such as gasoline, diesel and base oils, to North America.
"We look forward to continued participation by helping US refiners and blenders
meet their renewable volume obligation with our NExBTL renewable diesel."
Neste Oil Corporation
Hanna Maula
Director, Corporate Communications
Further information:
Matti Lehmus, Executive Vice President, Oil Products and Renewables, tel. +358
(0)50 458 4072
Kaisa Hietala, Vice President, Market Development, tel. +358 (0)50 458 4128
Photos for media use attached.
Neste Oil in brief:
Neste Oil Corporation is a refining and marketing company concentrating on low-
emission, high-quality traffic fuels. The company produces a comprehensive range
of major petroleum products and is the world's leading supplier of renewable
diesel. Neste Oil had net sales of EUR 15.4 billion in 2011 and employs around
5,000 people, and is listed on NASDAQ OMX Helsinki.
Neste Oil is included in the Dow Jones Sustainability World Index and the
Ethibel Pioneer Investment Register, and has featured in The Global 100 list of
the world's most sustainable corporations for a number of years. Forest
Footprint Disclosure (FFD) has ranked Neste Oil as one of the best performers in
the oil & gas sector. Further information: www.nesteoil.com
NExBTL renewable diesel in brief:
Based on Neste Oil's proprietary technology, premium-quality NExBTL renewable
diesel is the most advanced diesel fuel on the market today. It easily
outperforms both conventional biodiesel and fossil diesel, and is suitable to be
used in all modern diesel engines without any modifications. The fuel can be
used as such or as a high-quality bio-component blended with fossil diesel or
conventional biodiesel. Unlike conventional biodiesels, NExBTL renewable diesel
meets even the most stringent requirements set by automotive manufacturers and
offers excellent performance at very low temperatures. It is fully compatible
with existing distribution and logistical systems and requires no additional
investments in this area.
NExBTL renewable diesel has been shown to reduce greenhouse gas emissions by
40-80% over the product's entire life cycle when compared to fossil diesel. Its
lower tailpipe emissions also make a valuable contribution to enhancing overall
air quality. The fuel can be produced flexibly by hydrotreating various
vegetable oils, animal-based waste fats, and by-products of vegetable oil
refining. All the renewable raw materials used for NExBTL production are
sustainably produced, fully traceable, and comply with the EU Renewable Energy
Directive's strict sustainability criteria.
Photo2: First NExBTL diesel cargo to the US:
http://hugin.info/133386/R/1606182/509042.jpg
Photo1: First NExBTL diesel cargo to the US:
http://hugin.info/133386/R/1606182/509041.jpg
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Source: Neste Oil Oyj via Thomson Reuters ONE
[HUG#1606182]
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Datum: 26.04.2012 - 08:22 Uhr
Sprache: Deutsch
News-ID 139460
Anzahl Zeichen: 5758
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