uncategorized · 11/25/2008

Neste Oil to launch bio heating oil in January 2009

Neste Oil Corporation  
Press release  
25 November 2008

Starting from the beginning of next year, Neste Oil will offer you even better heating oil. Neste heating oil bio includes a two per cent biological component, consisting of NExBTL fuel manufactured from renewable raw materials and based on technology developed by Neste Oil.

Neste heating oil bio is directly suitable for current oil heating systems. No equipment adjustments are needed. There will be no increase in oil consumption or heating system maintenance costs. Neste Oil offers a smooth and trouble-free transfer to the biological era of oil heating.

All summer-quality heating oil sold by Neste Oil will include the two per cent biological component. The product will be available everywhere in Finland. In spite of higher raw material costs, the price per litre will only increase a couple of cents.

Suitability proved in field tests

The suitability of NExBTL fuel has been tested in several field tests. Tests have been carried out, for example, in a house built for the 2007 Housing Fair and in a detached house in Espoo, where tests were performed in winter 2008. Both test houses were heated using a mixture of NExBTL and traditional heating oil. Heating oil containing NExBTL has also worked flawlessly in other targets. Its energy efficiency has proven to be excellent, which means even lower emissions.  

In tests carried out by Neste Oil, heating oil containing NExBTL has been shown to have excellent technical qualities for bio heating oil.

The heating oil cut of 10,000 detached houses

Adding biological content to heating oil is one way of responding to the climate challenge. In Finland's heating oil consumption, a two per cent biological component will mean a cut comparable to the fossil heating oil of 10,000 detached houses. The biological content of heating oil will be gradually increased to ten per cent by 2016.

It is also important to cut the energy consumption at the individual level, seeing to the proper insulation of the house and the condition of heating equipment. Oil heating can be combined, for example, with solar heating, also making it a viable option in the future.

Neste Oil Corporation
Sakari Toivola
Executive Vice President, Oil Retail

For more information, please contact:
Olli Vesamo, Director, Oil Retail, tel. +358 (0)50 458 8226.

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 12.1 billion in 2007 and employs around 5,100 people. Neste Oil’s share is listed on the NASDAQ OMX Helsinki.

Oil Retail
The Oil Retail Division markets and sells Neste Oil products and related services. The extensive Finnish station network is an efficient sales channel for traffic needs. A separate sales organisation exists to serve domestic and corporate customers. Oil Retail is a notable oil product marketing and sale organisation also in Northwest Russia, Estonia, Latvia, Lithuania and Poland.
Oil Retail's vision is to be the most high-quality and effective seller of oil products in the Baltic Sea area. At the end of 2007, the total number of sales outlets was 1,170.

Developed by Neste Oil, NExBTL is the most advanced diesel fuel on the market manufactured from renewable raw materials. NExBTL can be flexibly manufactured from plant oil or animal fat not suited to the needs of the food industry. It can also be used as a component of traditional heating oil or diesel fuel mixture.
We require the responsible production of raw materials. We pay attention to how our suppliers manage health, safety and environmental issues and their social responsibilities. We carry out inspections and help our partners improve their operations when necessary. Palm oil is a central renewable ingredient of NExBTL diesel. For this reason, we are involved in the Roundtable on Sustainable Palm Oil (RSPO), defining the sustainable production of palm oil.