Neste Oil Corporation
29 October 2012 10:00 a.m. (EET)
Neste Oil adds NExBTL renewable naphtha suitable for producing bioplastics to its corporate customer product range
Neste Oil - the world's largest producer of renewable diesel - has launched the commercial production and sales of renewable naphtha for corporate customers. NExBTL renewable naphtha can be used as a feedstock for producing bioplastics, for example, and as a biocomponent for gasoline. Neste Oil is one of the world's first companies to supply bionaphtha on a commercial scale. NExBTL naphtha is produced as part of the NExBTL renewable diesel refining process at Neste Oil's sites in Finland, the Netherlands, and Singapore.
Bioplastics produced from NExBTL naphtha can be used in numerous industries that prioritize the use of renewable and sustainable raw materials, such as companies producing plastic parts for the automotive industry and packaging for consumer products. The mechanical and physical properties of bioplastics produced from NExBTL renewable naphtha are fully comparable with those of plastics produced from fossil naphtha; and the carbon footprint of these plastics is smaller than that of conventional fossil-based plastics.
Bioplastic products produced from NExBTL renewable naphtha can be recycled with conventional fossil-based plastic products, and can be used as a fuel in energy generation following recycling.
In addition to renewable naphtha, the NExBTL renewable diesel refining process also produces renewable propane, which can be used as a traffic fuel, for cooking and heating in the home, and in food packaging. Neste Oil recently started a study on the feasibility of commercializing NExBTL propane.
Neste Oil also produces commercial volumes of NExBTL renewable aviation fuel.
All the products produced as part of NExBTL renewable diesel refining comply with the strict sustainability criteria established by the EU's Renewable Energy Directive across the entire supply chain. They have been verified as being sustainably produced, the inputs used can be fully traced back to their origin, and they contribute a significant reduction in life cycle greenhouse gas emissions compared to comparable fossil-based products.
Neste Oil Corporation
Senior Vice President, Communications, Marketing and Public Affairs
Kaisa Hietala, Vice President, Renewable Fuels, tel. +358 (0)50 458 4128
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 information: www.nesteoil.com
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Source: Neste Oil Oyj via Thomson Reuters ONE HUG#1652967