Neste Oil Corporation
30 May 2012 at 8.00 a.m. (EET)
Neste Oil committed to protecting its innovations and patents
Neste Oil Corporation has filed a patent infringement action against Dynamic Fuels, LLC, Syntroleum Corporation, and Tyson Foods, Inc in the US District Court for the District of Delaware. Neste Oil believes that one of its patents is being infringed by Dynamic Fuels, Syntroleum and Tyson Foods in the production of renewable diesel at Dynamic Fuels' plant in Geismar, Louisiana.
The action asserts infringement of Neste Oil's US Patent, which protects aspects of Neste Oil's renewable diesel technology, and was issued on 29 May 2012 and expires in 2025.
"Neste Oil is the world's leading producer of premium-quality renewable diesel," says Matti Hautakangas, Neste Oil's General Counsel. "Based on our proprietary technology, Neste Oil's NExBTL renewable diesel is the world's best and cleanest diesel fuel today. We have protected this technology, which is very important for the Group's business, with a number of patents and are committed to vigorously defending our intellectual property in this and other areas worldwide."
Neste Oil has invested some EUR 1.5 billion in renewable diesel production at its sites in Singapore, the Netherlands, and Finland over the last few years and currently has approx. 2 million t/a of NExBTL renewable diesel capacity.
Neste Oil Corporation
Director, Corporate Communications
Jalmari Sasi, Legal Counsel, tel. +358 (0)50 458 5029
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