uncategorized · 4/26/2010

Neste Oil to trial 100% biofuel

Neste Oil Corporation
Press Release
26 April 2010 at 12 am (EET)

Neste Oil to trial 100% biofuel

Neste Oil has begun trials of Neste Green 100 diesel produced from 100% renewable raw materials and free of any fossil oil components in cars in Finland.

"This is the first time anywhere that a premium renewable diesel fuel will be tested across a range of different cars," says Neste Oil's Executive Vice President, Oil Retail, Sakari Toivola.

The trial will include private individuals and Neste Oil employees. Test drivers from outside the company will trial Neste Green 100 diesel from mid-May to Midsummer, while test drivers recruited from the company's employees have begun today and will continue after Midsummer. Drivers will fill up at selected Neste Oil service stations in Greater Helsinki.

Neste Oil is looking forward to the results of the trial with interest. Previous trials have shown that Neste Oil's renewable diesel offers significant advantages compared to conventional biodiesel. The fuel's greenhouse gas emissions over its entire life cycle are 40-80% lower than those of fossil diesel, and its tailpipe emissions are also lower.

"The majority of Neste Oil stations in Finland already offer Neste Green diesel, which contains a minimum of 10% renewable diesel blended with conventional diesel fuel," says Sakari Toivola. "We plan to make Neste Green 100 diesel, which is produced form 100% renewable sources, available to motorists as soon as possible."

Neste Oil Corporation

Hanna Maula
Director, Corporate Communications

Further information:
Sakari Toivola, Executive Vice President, Oil Retail, tel. +358 (0)10 458 4450

Neste Oil in brief
Neste Oil Corporation is a refining and marketing company concentrating on low-emission, high-quality traffic fuels. The company is the world's leading supplier of renewable diesel. Neste Oil's refineries are located in Porvoo and Naantali in Finland and have a combined crude oil refining capacity of approx. 260,000 barrels a day. The company had net sales of EUR 9.6 billion in 2009 and employs around 5,100 people. Neste Oil's share is listed on NASDAQ OMX Helsinki.

Neste Oil is included in the Dow Jones Sustainability World Index and awarded 'Best in Class' recognition for its social accountability by Storebrand. The company is also featured in the Ethibel Pioneer Investment Register and included in Innovest's Global 100 list of the world's most sustainable corporations. Forest Footprint Disclosure (FFD) has ranked Neste Oil as the best performer in the oil & gas sector. Further information:

Neste Green 100 diesel in brief
Neste Green 100 diesel is a 100% biofuel that contains NExBTL renewable diesel and an additive package designed for Finnish conditions to keep engines clean, protect them from corrosion, prevent foaming, and promote lubrication. Although Neste Green 100 diesel is currently only available for trial purposes, the plan is to make it available for consumer use at a later date. The product complies with the draft CWA15940 standard.

NExBTL renewable diesel in brief
Neste Oil produces NExBTL renewable diesel from vegetable oil and waste animal fat using proprietary hydrogenization technology. The fuel is the world's best-performing and cleanest diesel.

Neste Green diesel in brief
Available at Neste Oil stations in Finland, Neste Green diesel contains a minimum of 10% NExBTL renewable diesel. The fuel complies with the EN590 standard and has been developed in collaboration with leading automotive manufacturers.