Neste Oil's view on the EPA's proposal on US renewable fuel mandates in 2014
(Thomson Reuters ONE) -
Neste Oil Corporation
Press release
18 November 2013 at 11 a.m (EET)
Neste Oil's view on the EPA's proposal on US renewable fuel mandates in 2014
The Environmental Protection Agency (EPA) in the US published a proposal
covering renewable fuel mandates for 2014 on 15 November. The EPA proposes
retaining the biomass-based diesel mandate at the 2013 level and reducing total
renewable fuel mandates by 8% compared to this year's level.
Neste Oil sells NExBTL renewable diesel to customers in the US, where NExBTL
meets the requirements of an advanced biofuel in the biomass-based diesel
category. NExBTL renewable diesel is an ideal low-carbon fuel for US refiners,
blenders, and fuel distributors to meet their renewable fuel standard
obligations, as it is fully compatible with existing fuel distribution systems.
The EPA announcement will be followed by a 60-day public comment period, during
which the EPA will seek comments from stakeholders. The EPA has specifically
requested additional comments on the proposed biomass-based diesel mandate.
View of Neste Oil and the advanced biofuels industry is that during 2013 the
industry has proved its capability to deliver growing volumes of advanced
biofuels, and biomass-based diesel in particular, to the US market. Therefore,
Neste Oil favors higher 2014 mandates for advanced biofuels than now proposed,
as this would support further research and investment in this area.
Neste Oil Corporation
Kaisa Lipponen
Director, Corporate Communications
Further information:
Matti Lehmus, Executive Vice President, Oil Products & Renewables, tel. +358
(0)10 458 4072
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
Photo:
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Source: Neste Oil Oyj via Thomson Reuters ONE
[HUG#1743828]
Unternehmensinformation / Kurzprofil:
Datum: 18.11.2013 - 10:00 Uhr
Sprache: Deutsch
News-ID 317445
Anzahl Zeichen: 3288
contact information:
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Kategorie:
Business News
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"Neste Oil's view on the EPA's proposal on US renewable fuel mandates in 2014"
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