15 November 2010 10:01 [Source: ICIS news]
“The plant was completed on-schedule and on-budget and marks a major step forward in Neste Oil's clean traffic fuel strategy,” it said.
The plant cost around €550m ($753.4m) to build, the company said.
It would be mostly using palm oil as feedstock to produce its renewable diesel.
Neste Oil has a similar-sized facility under construction in
NExBTL renewable diesel is a premium fuel that is compatible with all diesel engines and existing fuel distribution systems, according to the company. The fuel could be blended with fossil diesel or used as such, the company said.
Neste Oil currently operates two renewable diesel plants that came onstream at Porvoo in
($1 = €0.73)
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections