Neste Oil signs an algae oil off-take agreement with Cellana

Neste Oil, the world's largest producer of renewable diesel, has signed a contingent commercial off-take agreement with Cellana, an algae biomass developer based in the United States. The agreement will enable Neste Oil to purchase Cellana's algae oil for use as a feedstock in the future for producing renewable fuel.

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Neste Oil is to strengthen its commitment to procuring sustainable renewable raw materials by beginning a program of close cooperation with The Forest Trust (TFT), a non-profit organization focused on preventing deforestation.
 
Neste Oil offers its fleet customers the option of card-free fueling. Customer case features Kone-Lahtinen, a Finnish company that offers internal logistic services to industrial operators.
 
Neste Oil is the first company in the world to begin using tall oil pitch as a feedstock for refining into traffic fuel. Up until now, it has not been possible to use tall oil pitch, a residue produced by tall oil refiners, as a commercial-scale feedstock for fuel refining purposes.
 

Neste Oil in brief

Neste Oil Corporation is a refining and marketing company focusing on advanced, cleaner traffic fuels.

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Interim report Q1 2013

Osari kevät


- Strong first-quarter comparable operating profit of EUR 135 million
- Renewable Fuels recorded a clearly positive comparable operating profit of EUR 26 million

 

Interim report Q1 2013

Interim report Q1 2013 presentation


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