Neste Oil Corporation
25 November 2010 at 3 pm (EET)
Neste Oil's NExBTL renewable diesel receives certification in Germany
Neste Oil has received an ISCC (International Sustainability & Carbon Certification) certificate for the NExBTL renewable diesel produced at the company's Porvoo refinery in Finland. The certificate confirms that NExBTL diesel produced from certified raw materials is suitable for use in meeting mandated bio-content on the German market. Beginning in 2011, all biofuels sold in Germany will be required to have sustainability certification. The ISCC system is the first standard for sustainability based on the EU's new renewable energy directive, and is approved by the German Federal Office of Agriculture and Food (BLE).
'We're very pleased to have achieved certification of NExBTL renewable diesel,' says Jarmo Honkamaa, Neste Oil's Deputy CEO and Executive Vice President, Renewable Fuels. 'Europe is the main market for NExBTL and the ISCC certificate confirms that it complies with the sustainability requirements of the EU's renewable energy directive.'
Method for calculating greenhouse gas emissions approved
The method used for calculating the reduction in greenhouse gas emissions associated with NExBTL renewable diesel was also verified as part of the certification process. Produced from all the suitable raw materials used at the moment, the fuel has over 50% lower greenhouse gas emissions than fossil diesel. This figure covers the product's entire life cycle, from raw material production to end-product usage.
Certification was carried out by an independent third party, SGS, the world's leading audit and certification company. Its findings showed that the procedures and documentation associated with the procurement of Neste Oil's renewable raw materials and its NExBTL production and sales chains meet the requirements of the standard. An audit of Neste Oil's major palm oil supplier is currently under way. In the future, Neste Oil's other NExBTL production plants will also be audited in accordance with the ISCC standard.
Neste Oil Corporation
Director, Corporate Communications
Pekka Tuovinen, Director, Sustainability and Regulatory Affairs, tel. +358 (0)10 458 4516
Neste Oil in brief
Neste Oil Corporation is a refining and marketing company concentrating on low-emission, high-quality traffic fuels. The company is the world's leading supplier of renewable diesel. Neste Oil's refineries are located at Porvoo and Naantali in Finland and have a combined crude oil refining capacity of approx. 260,000 bbl/d. The company had net sales of EUR 9.6 billion in 2009, employs around 5,000 people, and is listed on NASDAQ OMX Helsinki.
Neste Oil is included in the Dow Jones Sustainability World Index and is featured in the Ethibel Pioneer Investment Register. It has been awarded 'Best in Class' recognition for its social accountability by the Norwegian bank, Storebrand, and is on Innovest's Global 100 list of the world's most sustainable corporations. Forest Footprint Disclosure (FFD) has ranked Neste Oil as the best performer in the oil & gas sector. Further information: www.nesteoil.com.
NExBTL renewable diesel in brief
Neste Oil's NExBTL renewable diesel is compatible with all diesel engines and can be used as such or blended with fossil diesel. It has an identical chemical composition to that of fossil diesel and offers equally good or superior product properties. NExBTL renewable diesel has been tested extensively and successfully in trucks, buses, and cars around the world. Neste Oil supplies the Finnish market with Neste Green diesel, which contains a minimum of 10% renewable content.
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Source: Neste Oil Oyj via Thomson Reuters ONE