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Neste Oil produces premium-quality NExBTL renewable diesel from waste fat sourced from the fish processing industry

Neste Oil Corporation
Press release
15 May 2012 at 9:30 am (EET)

Neste Oil produces premium-quality NExBTL renewable diesel from waste fat sourced from the fish processing industry

Neste Oil has again expanded the range of renewable raw materials it uses by beginning to produce NExBTL renewable diesel from waste fat sourced from the fish processing industry at its Singapore refinery. The fat in question comes from the gutting waste generated when processing freshwater pangasius farmed in Southeast Asia after the fillets have been removed for human consumption.

As with all the other renewable inputs used by Neste Oil, this batch of waste fish fat complies with the strict sustainability requirements of the EU`s Renewable Energy Directive. The batch can be traced all the way back to the fish farm. Waste fish fat is also accepted as a raw material for renewable fuel in the US. The NExBTL renewable diesel produced from the batch cuts greenhouse gas emissions by approximately 84%* when compared to fossil diesel and calculated over the fuel`s entire life cycle. Using NExBTL diesel also reduces tailpipe and fine particulate emissions significantly.

“It makes good ecological sense to use waste and sidestreams to produce advanced, premium-quality renewable fuel, which is why our goal this year is to increase the amount of by-products and waste we use as raw materials by hundreds of thousands of tons compared to 2011,” says Matti Lehmus, Neste Oil`s Executive Vice President, Oil Products and Renewables. “In addition to focusing on waste and sidestreams, we are continuing RD on completely new types of raw materials. We are currently building Europe`s first pilot plant to produce microbial oil from waste and residues-based raw materials at our Technology Center in Porvoo, Finland, and expect to complete it during the second half of this year, in line with our previous announcement.”

A particular strength of Neste Oil`s NExBTL technology is that it is capable of processing a very wide variety of different bio-based raw materials – such as vegetable oils, waste animal fat, and by-products from vegetable oil production – into NExBTL renewable diesel. All the raw materials used by Neste Oil result in premium-quality NExBTL fuel.

Neste Oil Corporation

Hanna Maula
Director, Corporate Communications

* Calculation is based on preliminary emissions figures covering the various stages of the supply chain from the waste fish fat supplier in Southeast Asia to Neste Oil`s Singapore refinery and from there to the market in Europe, where fat from fish processing industry is classified as waste.

Further information:

Matti Lehmus, Executive Vice President, Oil Products and Renewables, tel. +358 (0)50 458 4072

Waste fat from the fish processing industry in brief

Freshwater pangasius is farmed at fish farms in Vietnam, Thailand, Bangladesh, and other countries. The waste fish fat procured by Neste Oil was separated from gutting waste after the fillets had been removed for human consumption. Bone meal produced from processing waste is used as raw material for animal feed.

After the fillets have been removed, the fat content of the gutting waste can be as high as 30-35%. Although pangasius has a high fat content, its fat contains very little omega 3 or 6 fatty acids compared to the fat from seawater fish such as salmon. The chemicals and antibiotics used in farming the fish can also build up in the fat, which limits or can completely prevent it from being used for human consumption.

Neste Oil in brief

Neste Oil Corporation is a refining and marketing company concentrating on low-emission, high-quality traffic fuels. The company produces a comprehensive range of major petroleum products 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, and is listed on NASDAQ OMX Helsinki.

Neste Oil is included in the Dow Jones Sustainability World Index and the Ethibel Pioneer Investment Register, and has featured in The Global 100 list of the world`s most sustainable corporations for a number of years. Forest Footprint Disclosure (FFD) has ranked Neste Oil as one of the best performers in the oil gas sector. Further information: www.nesteoil.com

More on NExBTL diesel: http://www.nesteoil.com/default.asp?path=1,41,11991,12243

More on the renewable raw materials that Neste Oil uses (in Sustainability Report 2011): http://www.2011.nesteoil.com/sustainability/sustainability-of-supply-chain/sustainable-bio-based-raw-material-procu/broader-raw-material-base

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Neste Oil Oyj via Thomson Reuters ONE
HUG#1612208

Article source: http://finance.yahoo.com/news/neste-oil-produces-premium-quality-063402127.html

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