Neste Oil launches eco-friendly biodiesel blend

06 May 2008 10:14  [Source: ICIS news]

SINGAPORE (ICIS news)--Finnish biodiesel manufacturer Neste Oil has launched a new blend of renewable diesel, which is suitable for use in all diesel motors, the firm said in a statement on Tuesday.

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.

Bookmark Simon Robinson's Big Biofuels Blog for some independent thinking on biofuels

By: Serene Cheong
+65 6780 4359

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