Neste Oil inaugurates Europe´s first pilot plant for producing microbial oil from waste and residues

    Nachrichtenquelle: GlobeNewswire
     |  26.10.2012, 11:00  |  440 Aufrufe  |   | 

    Neste Oil Corporation
    Press release
    26 October 2012 at noon (EET)

    Neste Oil inaugurates Europe´s first pilot plant for producing microbial oil
    from waste and residues

    Neste Oil is celebrating the official opening of Europe´s first pilot plant for
    producing microbial oil from waste and residues today, 26 October, at its site
    in Porvoo, Finland. Finland´s Minister of Economic Affairs, Jyri Häkämies,
    carried out the opening ceremony. Microbial oil produced from industrial and
    agricultural residues, such as straw represents one of the most promising future
    raw materials for NExBTL renewable diesel.

    "Increasing the use of waste and residues in the production of NExBTL renewable
    diesel is one of our most important goals, " says Lars Peter Lindfors, Neste
    Oil´s Senior Vice President, Technology. "The start-up of the new microbial oil
    pilot plant represents a significant step towards achieving this goal, as the
    plant will test how various agricultural and forest industry residues can be
    converted into oil with the help of microbes. Agriculture in Finland and
    elsewhere, for example, produces large quantities of straw, but little of this
    straw is put to effective use. Thanks to the technology that we have developed,
    it will be possible to process straw into a feedstock for premium-quality
    renewable diesel in the future. Our microbial technology is also capable of
    handling many other raw materials as well."

    "The range of potential raw materials for producing biofuels is very extensive
    today, " says Jyri Häkämies, Finland´s Minister of Economic Affairs. "The work
    that Neste Oil and many other Finnish companies have done to develop new raw
    material alternatives and new production technologies indicates very clearly
    that Finland is well-placed to remain at the forefront of developments in this
    area and achieve some very important renewable energy-related goals."

    The outcome of years of R&D

    Neste Oil launched a microbial oil research program with with Aalto University
    School of Chemical Technology in 2007 and has applied for a number of patents
    for its technology in the field. Neste Oil announced in December 2011 that it
    was going to invest EUR 8 million in building a microbial oil pilot plant
    alongside its Technology Center at Porvoo. The first phase of the plant was
    completed in August this year and has already successfully produced microbial-
    rich biomass. The pilot plant currently employs around 10 people directly and
    more indirectly.

    The aim of Neste Oil´s R&D in the field is to develop a technology capable of
    producing microbial oil on an industrial scale. Microbial oil is expected to
    enter commercial production in 2015 at the earliest.

    Neste Oil Corporation

    Osmo Kammonen
    Senior Vice President, Communications, Marketing and Public Affairs

    Further information:
    Petri Lehmus, Vice President, Research and Technology, tel. +358 (0)50 458 3150

    Photographs and graphics for media use can be found here:

    Watch a video about Neste Oil´s R&D and microbial oil pilot plant:

    Neste Oil in brief

    Neste Oil Corporation is a refining and marketing company concentrating on low-
    emission, high-quality traffic fuels, and is the world´s leading supplier of
    renewable diesel. Neste Oil had net sales of EUR 15.4 billion in 2011 and
    employs around 5,000 people. Neste Oil´s share is listed on NASDAQ OMX Helsinki.

    Neste Oil has been selected for inclusion in the Dow Jones Sustainability World
    Index and the Ethibel Excellence Investment Register. Neste Oil has been
    included in The Global 100 list of the world´s most sustainable corporations for
    a number of years in succession; and Forest Footprint Disclosure (FFD) has
    ranked Neste Oil as the best performer in the oil & gas sector. Further

    NExBTL renewable diesel in brief

    Neste Oil´s NExBTL renewable diesel is compatible with all diesel engines,
    either at 100% content or blended with fossil diesel. It has a similar
    composition to fossil diesel and offers equally good or even better quality.
    NExBTL diesel has been tested extensively and successfully around the world in
    trucks, buses, and cars. Using NExBTL diesel reduces greenhouse gas emissions by
    at least 40% compared to fossil diesel, and reduces tailpipe emissions
    significantly as well. NExBTL technology is capable of processing virtually any
    vegetable oil or waste fat into premium-quality renewable fuels.

    This announcement is distributed by Thomson Reuters on behalf of
    Thomson Reuters clients. The owner of this announcement warrants that:
    (i) the releases contained herein are protected by copyright and
    other applicable laws; and
    (ii) they are solely responsible for the content, accuracy and
    originality of the information contained therein.

    Source: Neste Oil Oyj via Thomson Reuters ONE

    Wertpapiere des Artikels:

    Wertpapier: Neste Oil

    Themen: EuroEURWertpapiere

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