uncategorized · 11/6/2008

Neste Oil recognized for its energy and environmental excellence

Neste Oil Corporation
Press release 6 November 2008 at 2 pm (EET)

Today Neste Oil has won Hart Energy’s 2008 Global Energy and Environmental Excellence Award in Alternative Fuels category. These awards recognize companies who, through innovation and technology, have made significant progress towards solving global energy challenges. Winners were selected by a panel, which is an invitation-only group comprised of 100 industry leaders in sustainable energy solutions from across the globe.

The award was granted during the Energy Solutions Conference 2008 in Houston. The event gathered distinguished leaders from industry, government and academia to discuss smart solutions for today’s global energy challenges.

“With the widening gap between energy supply and demand, the need for sustainable resources is more urgent than ever,” said Kristine Klavers, Vice President, Hart Energy Consulting. “We want to recognize those who are positively impacting our global energy outlook by creating innovative technologies and smarter solutions. These companies are changing the face of our industry, and we are honored to award them for their achievements.”

“Neste Oil has been the leader in energy and environment solutions since 1990’s and their latest technology to produce the NExBTL renewable diesel is a new innovation to continue their clean fuel strategy implementation”, said Sandrine Dixon-Decleve, Executive Director, Hart Energy.

“Neste Oil’s premium-quality NExBTL renewable diesel is the cleanest diesel fuel available on the market today, and new NExBTL plants are being built in Singapore, Rotterdam, and Porvoo. We are very pleased to have received this type of international recognition for our commitment and what we have achieved,” says Jarmo Honkamaa, Neste Oil’s Deputy CEO.


Osmo Kammonen
Senior Vice President, Corporate Communications

Further information: Jarmo Honkamaa, Deputy CEO, tel. +358 10 458 4758

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 12,103 million in 2007 and employs around 5,200 people. Neste Oil’s share is listed on the NASDAQ OMX Helsinki.

NExBTL in brief
NExBTL renewable diesel is an advanced fuel based on renewable raw materials that performs more efficiently and has a lower level of environmental impact than fossil diesel or FAME-type biodiesel. Neste Oil requires its raw material suppliers to observe a responsible approach to sustainability. Feedstock of this type ensures that NExBTL renewable diesel has a 40-60% lower level of greenhouse gas emissions over its entire lifecycle compared to fossil diesel. NExBTL renewable diesel can be blended with conventional diesel fuel or used as such, and is suitable for all diesel engines.

Hart Energy Consulting in brief
Headquartered in Houston, with representation in New York, London, Washington, Brussels, Bahrain, Singapore, and many other international cities, Hart Energy Consulting is a division of Hart Energy Publishing. Hart Energy Publishing’s market-leading publications include Oil and Gas Investor, E&P, FUEL and PipeLine and Gas Technology. Hart also produces newsletters, custom publishing products, conferences, and unique multi- and single-client consulting services. Hart Energy Consulting is a leading full-service information, analysis and communication resource for the worldwide energy industry. Multi-client consulting services already include the International Fuel Quality Center (IFQC), with over 100 members from industry and government, the Global Biofuels Center, World Refining & Fuels Service to 2030 (WRFS), and Government Affairs.