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(Thomson Reuters ONE via COMTEX) — Neste Oil Corporation Press release 13 November 2013 at 10.45 a.m (EET) Neste Oil to promote the deployment of sustainable aviation biofuel in the Netherlands Neste Oil committed itself on 12 November, to a Dutch initiative aimed at the deployment of sustainable biofuel in the aviation sector. The signatories of the initiative include KLM, SkyNRG, Schiphol Airport, the Port of Rotterdam, the State Secretary of Infrastructure and the Environment, and the Minister of Economic Affairs. Neste Oil’s role in the initiative is to explore the production opportunities for aviation biofuel and scaling up production. Its renewable fuel refinery in Rotterdam would potentially be the first site for producing renewable aviation fuel in the Netherlands. “Neste Oil is a global pioneer in aviation biofuels and has already carried out trials on the use of NExBTL renewable aviation fuel in commercial service,” says Kaisa Hietala, Neste Oil’s Vice President, Renewable Fuels. “We expect this new initiative to stimulate market demand for sustainable aviation biofuel and promote a shift from individual projects to the continuous production and supply of sustainable aviation biofuel. The Netherlands is uniquely positioned to enable this break-through because of the commitment of the public and private sector in the aviation and biofuel industry.” Neste Oil’s renewable aviation fuel is based on its NExBTL technology, which can make very flexible use of a wide range of vegetable oil and waste-based raw materials. Neste Oil ensures the sustainability of all the renewable raw materials it uses and its supply chain complies with a number of sustainability certification schemes. NExBTL renewable aviation fuel meets the very stringent quality standards demanded of aircraft fuel and can significantly reduce an aircraft’s greenhouse gas emissions compared to fossil fuel. Neste Oil Corporation Kaisa Lipponen Director, Corporate Communications Further information: Kaisa Hietala, Vice President, Renewable Fuels, Neste Oil, tel. +358 10 458 4128 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 17.9 billion in 2012 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 many 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 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 Continue reading →