06 May 2008 10:14 [Source: ICIS news]
Called Neste Green diesel, the 10:90 mix of the firm’s renewable NExBTL component and regular fossil diesel was expected to help reduce particle emissions and greenhouse gas emissions by 40-60%, it added.
NExBTL – made from palm oil, rapeseed oil and animal fats sources – was undergoing a series of tests at Helsinki in Finland, where the fuel was being used for public transport.
Ahead, Neste Oil aimed to use only non-food sources and increase the proportion of inedible feedstock to 60% in 10 years.
It was presently conducting research and development (R&D) to examine the feasibility of feedstock such as algae, forestry harvesting waste and jatropha oil.
The firm posted a 24.4% year-on-year rise in its first-quarter operating profits due to higher petroleum product prices. The company expected diesel output to suffer through May due to several planned maintenance shutdowns and a fire that broke out at its new diesel line in April.
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