Neste

Neste to explore UCO’s potential as biodiesel feedstock

Plantations International Agarwood Gaharu News Finnish gas manufacturer Neste is readied to start a trial project to transform used cooking oil (UCO) into biodiesel at its biorefinery in Finland. The trial, to be held at the company's Kilpilahti refinery in Porvoo and also expected to last until the end of 2017, will check out just how UCO could be most efficiently useded as a biofuel feedstock. Neste aims to refine 20,000 tonnes of the material yearly-- obtained mainly from Finnish resources, including rapid food restaurants-- to create its NExBTL brand name biodiesel. During the trial period, UCO will comprise at most [...]

Neste posts strong fourth-quarter results

Plantations International News Neste, a Finland-based renewable diesel producer, reported better than expected fourth-quarter profits and dividend thanks to high European refining margins and favourable foreign exchange rates. Neste, which has two conventional refineries in Finland and renewable diesel refineries in Singapore and Rotterdam, said its core operating profit in the quarter rose 39% from a year ago to €352m ($ 390m). The company did not put a figure on its profit outlook for this year but it said it expected low crude oil prices to continue to support product demand. In a statement, the company said that all areas of [...]

Neste biofuel to sustain vehicles based at Italian cross-country ski race

Plantations International News Netherlands-based oil and also energy business Tamoil has started marketing arctic diesel having Neste's sustainable diesel to its business consumers in the northern Italian Alps region, which will be made use of to fuel automobiles servicing the Marcialonga cross-country ski race in Italy. Tamoil's Gasolio Artico gas consists of a minimum of 20 % of Neste's eco-friendly diesel and also can be made use of in cool conditions, baseding on Neste. "We are pleased to be able to aid our consumer Tamoil to be the very first in Northern Italy to launch a sustainable energy with exceptional cold [...]

Finnish court says UPM not infringing on Neste patent

Plantations International News The Finnish Market Court has actually ruled in a violation match filed by Neste versus UPM. According to the court's choice, the procedure used at the UPM Lappeenranta Biorefinery is not within the extent of Neste's license (FI 100248) as well as, as a result, UPM is not infringing on Neste's license. The firm claims company and also the shipments of wood-based UPM BioVerno diesel, based on its very own technology, will continue as normal. Biodiesel Plantations International

Neste, Boeing work toward biojet ASTM standard, market acceptance

Plantations International News Renewable diesel producer Neste announced in November that it is working with aircraft manufacturer Boeing to promote and accelerate commercialization of biojet fuel. The companies will work toward ASTM fuel standard approval allowing commercial airline use of high freezing point biojet fuel, along with parallel goals of gaining widespread market acceptance and progressing sustainability accreditation efforts. Neste anticipates that its biojet fuel could help the aviation industry achieve its greenhouse gas (GHG) saving targets, which are carbon-neutral growth from 2020 and a net reduction in carbon emissions of 50 percent by 2050 compared to 2005. “Airlines and airplane manufacturers [...]

Neste sustainable diesel to power Oakland’s city fleet

Plantations International News The city of Oakland, California, started filling up its cars with Neste's NEXBTL sustainable diesel in order to lower the discharges of its community fleet. Oakland is the very first major U.S. city to transform its entire fleet to renewable diesel. The switch from oil to sustainable diesel occurred in early October. Decreased emissions arising from the usage of eco-friendly diesel will enable the city of Oakland to reduce its carbon impact and also help fulfill eager greenhouse gas (GHG) decrease targets developed by the city. Oakland runs 250 diesel-powered cars, which consist of road sweepers, dump vehicles, [...]