Finland's Neste Oil has recently supplied its first batch of
NExBTL renewable diesel to the US market, the company confirmed
The fuel, which qualifies as an advanced biofuel in the US,
was produced at the company's Porvoo refinery in Finland from waste
"We are very pleased to see that legislation on renewable
fuels and our ability to meet the import regulations for these
types of fuels are progressing in various markets, said
Matti Lehmus, Neste Oil's executive vice president for oil
products and renewable.
This enables us to participate and contribute to the
greenhouse gas reduction efforts around the world," he
continued. "Our entry into the US renewable fuel market is an
important milestone for us, as the US represents a major market
for premium-quality biofuels.
NExBTL renewable diesel is an ideal low-carbon fuel for the
US market because it is compatible with existing
infrastructureand is accepted within the existing refinery and pipeline distribution
system, Lehmus added.
"In addition to the US, we have also expanded our customer
base in Europe as well, opening up new opportunities for NExBTL
sales as we go forward," said Lehmus.
Neste Oil says it sold 305,000 tons of NExBTL renewable
diesel to several dozens of customers in over 10 countries
during the first quarter of 2012.