Neste Oil Corporation
18 June 2014 at 10.15 a.m. (EET)
Neste Oil has successfully tested using recycled oil as a traffic fuel feedstock
Neste Oil recently produced its first batch of traffic fuel from recycled lubricants. Following treatment, spent lubricating oil can be reused as a feedstock for producing gasoline and diesel fuel. Neste Oil successfully tested using spent motor oil in this way at its Naantali refinery at the end of May and now aims to begin using this material on a continuous basis.
"With the continuing depletion of natural resources and the world's increasing demand for energy, we need to find new raw materials and use our existing resources more efficiently and more wisely," says Lars Peter Lindfors, Neste Oil's Senior Vice President, Technology. "Neste Oil is already the world's largest producer of renewable fuels from waste and residues, and our R&D people are working to increase our use of recycled materials such as spent motor oil."
Using spent motor oil to produce traffic fuel is a continuation of the use of tall oil pitch as a feedstock that began at the Naantali refinery last year. Both materials represent waste that is otherwise difficult to reuse, and thanks to long-term development work they can now be put to good use. Neste Oil also uses waste animal and fish fat and various vegetable processing residues as inputs for producing renewable diesel. During 2013, Neste Oil produced enough renewable diesel from waste and residues to power over 1 million cars for a year.
Neste Oil Corporation
Director, Corporate Communications
Further information: Elina Herrala, Refinery Manager, Naantali, tel. +358 (0)50 458 6007
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 17.5 billion in 2013 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 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