uncategorized ยท 7/3/2014

Neste Oil's 100% NEXBTL renewable diesel to reduce the carbon footprint of this year's Flow Festival

Neste Oil Corporation
Press release
3 July 2014 at 1 p.m. (EET)

Neste Oil's 100% NEXBTL renewable diesel to reduce the carbon footprint of this year's Flow Festival

Neste Oil is supporting the environmental goals of this year's Flow Festival in Helsinki by supplying 100% NEXBTL renewable diesel to generate electricity for the event. Thanks to NEXBTL diesel produced from waste and residues, the Flow Festival will release up to 90% less greenhouse gas emissions that it would do using fossil diesel.

The Flow Festival, which will be held on 8-10 August in the Suvilahti district of Helsinki, is known as an event that prioritizes the environment and sustainable development in all aspects of its activities. The event also expects its partners to comply with tough environmental standards.

"NEXBTL renewable diesel fits in very well with Flow's aim of reducing its emissions, as it can result in up to 90% lower levels of greenhouse gas emissions than conventional fossil diesel," says Kaisa Hietala, Neste Oil's Executive Vice President, Renewable Products. "We are very pleased that our product can help events like Flow offer an exciting program of music and other material, while at the same time helping reducing their impact on the environment.

"This is yet another example of the broad range of opportunities that our NEXBTL products have to offer for cutting emissions on the road, in the air, and at events."

"We are very satisfied that we will be able to generate all the electricity needed at this year's Flow Festival using renewable energy sources," says Flow's Production Manager Emilia Mikkola, who is also responsible for the event's environmental profile. "Through our partnership with Neste Oil, we will be able to use NEXBTL renewable diesel in our generators for the first time instead of fossil fuel."

Based on Neste Oil technology, NEXBTL diesel can be produced from virtually any vegetable oil or waste fat, such as fat residues produced by the food industry that are unsuitable for human consumption. The two NEXBTL units at Neste Oil's Porvoo refinery in Finland have used solely waste- and residue-based feedstocks for a number of years; and these types of inputs account for over 60% of all the renewable inputs used by Neste Oil today.

Neste Oil Corporation

Kaisa Lipponen
Director, Corporate Communications

For more information on NEXBTL diesel:
Kaisa Hietala, Executive Vice President, Renewable Products, tel. +358 (0)50 458 4128

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:

Flow Festival in brief

Flow Festival is an annual music and arts festival held at the historic Suvilahti former power plant area in Helsinki every August. The event's program covers an exciting line-up of Finnish and international performers, ranging from indie rock to soul, hip-hop, jazz, world music, and the latest club sounds. In addition to music, Flow also features a cross-section of other urban culture, visual arts, services, and cuisine from around the world in a unique setting close to the heart of the city.