Neste Oil aims to become the world´s leading 2nd generation biodiesel producer
Neste Oil's Board of Directors has approved a strategy aimed at making the company the world's leading producer of second generation biodiesel. The Finnish company has developed a refinery-based proprietary technology it calls NExBTL ('Neste Next Biomass-to-Liquids') for the high-pressure hydrogenation of fatty acids [white paper, *pdf]. The process can use a flexible input of any vegetable oil or animal fat and produce a product with characteristics similar to, but different from Fischer-Tropsch output.
The NExBTL process differs from the classic transesterification process used to produce fatty acid methyl ester (FAME, biodiesel) and Fischer-Tropsch conversion used in biomass-to-liquids projects. It is similar to Brazilian state oil company Petrobras' H-Bio fuel (earlier post), in that the production uses a process called hydrogen hydrogenation under high pressure at the end of a refining stage where petroleum distillates are mixed with vegetal oils:
biodiesel :: biomass :: bioenergy :: biofuels :: energy :: sustainability :: H-Bio :: biomass-to-liquids ::
The foundation of Neste Oil's strategy will remain based on the company's ability to use its unique refining know-how to produce high-quality fuels for cleaner traffic from a variety of lower-cost raw materials. Neste Oil expects to invest several billion euros in growth projects over the next 10 years.
Neste Oil’s President & CEO, Risto Rinne communicates the company's vision in the following words:
"The central message that we want to communicate is that we have both the will and the financial resources to invest in growth in the areas where we are strong. By following our strategy, we will make the best use of our know-how. We are aiming to be the world's leading biodiesel producer, which means production volumes of millions of tons annually. Our proprietary biodiesel, which is based on a long-term R&D effort, can be produced from a variety of vegetable oils and animal fats – and is a premium-quality fuel that clearly outperforms both the vegetable oil and crude oil-based diesel fuels currently on the market."
The company will build several biodiesel production facilities in various market areas, either alone or with partners, in the years to come. In addition, it will be more active in research and development in the biofuels area to utilize different renewable raw materials – while continuing to invest in new conversion capacity at their refineries in Porvoo and Naantali.
Neste Oil's largest-ever investment, in a new diesel production line at the Porvoo refinery, is due to be completed this winter, and will enhance the company's performance and cash flow significantly.
The NExBTL process differs from the classic transesterification process used to produce fatty acid methyl ester (FAME, biodiesel) and Fischer-Tropsch conversion used in biomass-to-liquids projects. It is similar to Brazilian state oil company Petrobras' H-Bio fuel (earlier post), in that the production uses a process called hydrogen hydrogenation under high pressure at the end of a refining stage where petroleum distillates are mixed with vegetal oils:
biodiesel :: biomass :: bioenergy :: biofuels :: energy :: sustainability :: H-Bio :: biomass-to-liquids ::
The foundation of Neste Oil's strategy will remain based on the company's ability to use its unique refining know-how to produce high-quality fuels for cleaner traffic from a variety of lower-cost raw materials. Neste Oil expects to invest several billion euros in growth projects over the next 10 years.
Neste Oil’s President & CEO, Risto Rinne communicates the company's vision in the following words:
"The central message that we want to communicate is that we have both the will and the financial resources to invest in growth in the areas where we are strong. By following our strategy, we will make the best use of our know-how. We are aiming to be the world's leading biodiesel producer, which means production volumes of millions of tons annually. Our proprietary biodiesel, which is based on a long-term R&D effort, can be produced from a variety of vegetable oils and animal fats – and is a premium-quality fuel that clearly outperforms both the vegetable oil and crude oil-based diesel fuels currently on the market."
The company will build several biodiesel production facilities in various market areas, either alone or with partners, in the years to come. In addition, it will be more active in research and development in the biofuels area to utilize different renewable raw materials – while continuing to invest in new conversion capacity at their refineries in Porvoo and Naantali.
Neste Oil's largest-ever investment, in a new diesel production line at the Porvoo refinery, is due to be completed this winter, and will enhance the company's performance and cash flow significantly.
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