In Finland, Neste Oil is boosting big time the amount of certified palm oil it uses for biofuel production. Already 49% of the raw materials that Neste Oil used in 2011 to produce its renewable fuel was certified. This was an increase of 28 percentage points on the figure for 2010, and nearly quadruple in terms of tonnage. Neste Oil aims to increase its usage of certified raw materials a further 10 percentage points on the 2011 figure during 2012.
The fact that 83% of the palm oil used during 2011 was certified represented a significant factor contributing to the overall increase in Neste Oil’s usage of certified raw materials; 25% of the palm oil used in 2010 was certified. Neste Oil’s target is that 100% of the palm oil it uses will be certified by the end of 2015. Neste Oil is the world’s leading user of fully traceable RSPO-certified palm oil, although the company accounted for just 1.4% of all the palm oil used worldwide in 2011.
More background on the story from the Digest