Tekniikka&Talous presents its Energy Initiative of the Year Award to Neste Oil's Lars Peter Lindfors
(Thomson Reuters ONE) -
Neste Oil Corporation
Press release
12 September 2013 at 5.30 p.m. (EET)
Tekniikka&Talous presents its Energy Initiative of the Year Award to Neste Oil's
Lars Peter Lindfors
One of Finland's leading technology and business magazines, Tekniikka&Talous,
announced on Thursday, 12 September that it has given its Energy Initiative of
the Year Award to Lars Peter Lindfors, Neste Oil's Senior Vice President,
Technology. Lindfors was given the award for the work that Neste Oil has done in
researching new raw materials for producing renewable fuels.
"The development work that Neste Oil has done has made a significant
contribution to promoting the use of clean renewable fuels," according to
Tekniikka&Talous' Editor-in-Chief, Jyrki Alkio, speaking at the Finnish Energy
event in Helsinki.
Developing a new business always calls for a mixture of vision and resources.
Neste Oil originally developed its NExBTL renewable fuel refining technology in
the 1990s as a by-product of another research project. The technology was
patented and in 2006 the company decided to build its first renewable diesel
unit at Porvoo in Finland. Since then, Neste Oil has steadily increased its
renewable diesel capacity and now has two units at Porvoo, together with the
world's largest renewable diesel refineries, in Singapore and Rotterdam. More
than EUR 1.5 billion in total has been invested in these facilities.
Within the space of five years, Neste Oil has succeeded in making its Renewable
Fuels business both a global operation and a profitable one. In 2012, net sales
at Renewable Fuels were more than EUR 2 billion and this year Renewable Fuels is
expected to generate an operating profit of more than EUR 200 million. The
company's proprietary NExBTL technology is one of the key success factors behind
this achievement and enables Neste Oil to produce premium-quality renewable fuel
from a very wide range of inputs.
Extending the company's feedstock base is one of Neste Oil's most important
goals, and a large proportion of its annual R&D expenditure, which totals some
EUR 40 million, is devoted to work on renewable inputs and technology for
refining these materials. Neste Oil has increased its use of waste and residues
significantly over the last few years and these now account for around 50% of
the renewable inputs used by Neste Oil. Lars Peter Lindfors has played an
important work in this development work and is responsible for steering one of
Neste Oil's key strategic initiatives, its Renewable Feedstocks Value Creation
program. He also created Neste Oil's Technology Office, which is responsible for
researching and developing new feedstocks and processes.
Tekniikka&Talous presents its Energy Initiative of the Year Award to individuals
or organizations in Finland that have made an important contribution in the
energy field. The first award was made last year and went to Lauri Tarasti.
Neste Oil Corporation
Kaisa Lipponen
Director, Corporate Communications
Further information:
Lars Peter Lindfors, Senior Vice President, Technology, tel. +358 (0)50 458 3605
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 17.9 billion in 2012 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 many 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
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Source: Neste Oil Oyj via Thomson Reuters ONE
[HUG#1728952]
Unternehmensinformation / Kurzprofil:
Datum: 12.09.2013 - 16:30 Uhr
Sprache: Deutsch
News-ID 296196
Anzahl Zeichen: 4835
contact information:
Town:
Espoo
Kategorie:
Business News
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"Tekniikka&Talous presents its Energy Initiative of the Year Award to Neste Oil's Lars Peter Lindfors"
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