17 January 2017 Releases and news

Neste and Bioenergy La Tuque to start R&D cooperation on utilizing forest residues in biofuel production

Neste Corporation
Press Release
17 January 2017 at 6 pm. (EET)

Neste and Bioenergy La Tuque to start R&D cooperation on utilizing forest residues in biofuel production
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Neste and Bioenergy La Tuque have started R&D cooperation with the objective of studying the potential of using forest residues as a raw material in biofuel production in La Tuque, Canada. The cooperation supports Neste's goals to expand the raw material selection available and increase the use of waste and residues. Currently, the company is capable of using more than 10 different raw materials to produce renewable products. 

"Neste is the world's largest producer of renewable diesel from waste and residues, and we are constantly looking into expanding our renewable raw material base. We believe that forest residues can play a significant role in the future in producing renewable products, and therefore, we are very excited about this R&D cooperation," says Lars Peter Lindfors, SVP for Technology at Neste.

The agreement focuses on the technological and economical feasibility of the project and will assess the biomass availability at a competitive cost, identify technology bottlenecks in process lines, and validate the acceptable level of risk.

Neste Corporation

Kaisa Lipponen
Director, Corporate Communications

Further information: Lars Peter Lindfors, Senior Vice President, Technology, tel. +358 50 458 3605

Neste in brief

Neste (NESTE, Nasdaq Helsinki) builds sustainable options for the needs of transport, businesses and consumers. Our global range of products and services allows customers to lower their carbon footprint by combining high-quality and low-emission renewable products and oil products to tailor-made service solutions. We are the world's largest producer of renewable diesel refined from waste and residues, and we are also bringing renewable solutions to the aviation and plastics industries. We want to be a reliable partner whose expertise, research and sustainable practices. In 2015, Neste's net sales stood at EUR 11 billion, and we were on the Global 100 list of the most sustainable companies in the world. Read more: neste.com