Neste rejects USDA claims saying it has received fraudulent UCO volumes

In Finland, a recently published USDA Biofuels Annual Report suggests that Neste may have received fraudulent used cooking oil (UCO) volumes at its renewable products refinery in Singapore, specifically virgin palm oil from Indonesia exported fraudulently as UCO via China. 

Neste takes suspected fraud cases seriously and investigates them accordingly. In addition, the company continuously evaluates the quality and authenticity of the raw material volumes it receives, conducting thorough laboratory analyses of the samples of UCO volumes it receives to its terminals from China. Neste’s recent analyses of UCO received from China do not support the USDA’s assertions, hence the company believes that the reference to Neste in the USDA report is either a mistake or based on a misunderstanding.

Neste will contact the appropriate authorities at the USDA to discuss and learn more about the assertions in the report.