Neste Oil Corporation
June 4 at 9.15 am (EET)
Neste Oil is committed to using solely certified palm oil as and when sufficient volumes become available. The company believes that this will be possible by the end of 2015 if the positive trend in certification continues.
Palm oil is one of the feedstocks used in producing Neste Oil's NExBTL renewable diesel, which is the cleanest diesel fuel on the market today. The company recently received its first cargo (5,000 tons) of palm oil from sources certified using a mass balance supply chain model. Neste Oil expects to use at least 50,000 tons of certified palm oil this year, and projects that this figure will rise rapidly in subsequent years.
“Neste Oil is a pioneer in using sustainably produced raw materials for biofuel production. We require our palm oil suppliers to be members of the Roundtable on Sustainable Palm Oil (RSPO) and commit to sustainability and continuous development," says Executive Vice President, Renewable Fuels and Deputy CEO, Jarmo Honkamaa.
The RSPO is an organization that brings together palm oil producers, users, and NGOs in the interests of promoting the production of sustainable palm oil.
"Neste Oil has developed a system for the full traceablity of the palm oil it uses, all the way from plantations to NExBTL plants. We believe that responsible companies can make a difference. As a forerunner, Neste Oil is putting a lot of effort into establishing exemplary procedures for its operations, ones that we believe could also act as a model for other companies and industries using palm oil,” continues Honkamaa.
NExBTL renewable diesel offers 40-80% lower greenhouse gas emissions compared to the best fossil diesel fuels, depending on the feedstock used. The NExBTL process is flexible in terms of feedstock and can use a wide variety of different vegetable oils and waste animal fat sourced from the food industry.
Neste Oil’s R&D is focused on developing new industrial-scale renewable raw materials with good GHG-saving potential, such as algae, other microbes, and wood residues. Projects in these areas are under way with over 20 research communities worldwide.
The use of biofuels is expected to rise significantly during the next few years. The European target for renewable energy in transport fuels will increase to 10% in 2020. Sustainably produced biofuels will play a significant role in reducing emissions generated by traffic and transport in Europe.
Neste Oil Corporation
Director, Corporate Communications
Further information: Simo Honkanen, Senior Vice President, Sustainability & HSSE, tel. +358 (0)50 458 4170
Neste Oil in brief
Neste Oil Corporation is a refining and marketing company concentrating on low-emission, high-quality traffic fuels. The company’s strategy is based on growing both its oil refining and premium-quality renewable diesel businesses. Neste Oil’s refineries are located in Porvoo and Naantali and have a combined crude oil refining capacity of approx. 260,000 barrels a day. The company had net sales of EUR 15 billion in 2008 and employs around 5,200 people. Neste Oil is listed on the NASDAQ OMX Helsinki. www.nesteoil.com.
NExBTL renewable diesel
NExBTL technology is a proprietary process developed by Neste Oil for producing diesel fuel from renewable raw materials with a chemical structure equivalent to that of fossil diesel. The process enables properties such as cetane number and cold-temperature performance to be adjusted to meet different needs, while guaranteeing an aromatics- and sulfur-free fuel that is of higher quality than fossil diesel. NExBTL renewable diesel is compatible with all diesel engines and all current fuel distribution and logistics systems.
Studies on the entire lifecycle of the product have shown that, when produced from sustainable raw materials, NExBTL renewable diesel offers 40-80% lower greenhouse gas emissions than the best fossil diesel fuel. Extensive trials have shown that NExBTL also reduces tailpipe emissions of particulates and NOx significantly compared to conventional diesel fuel, thereby benefiting air quality.
RSPO-certified palm oil
The palm oil certification system was created at the end of 2007 by the Roundtable on Sustainable Palm Oil, an organization that brings together palm oil producers, users, and NGOs in the interests of promoting sustainable palm oil production. Certification of oil palm plantations started last year. The RSPO certification system is developing rapidly and has gained wide acceptance. The RSPO has been instrumental in establishing a set of common ground rules for producers and users of sustainable palm oil. Neste Oil was the first oil company to become a member of the RSPO and is a strong supporter of the organization’s goals. Further information on RSPO and certification can be found at www.rspo.org.