In Finland, Neste Oil has joined forces with DONG Energy to develop an integrated process to produce renewable diesel and aviation fuel based on agricultural residues. DONG Energy’s Inbicon technology will be used in the first part of the process to pre-treat biomass and produce cellulosic sugars that can be converted into microbial oil with […]
Hydrotreating, catalytic cracking, pyrolysis, metathesis, supercritical, and catalytic reforming. It’s the big new wave heading for biofuels and biobased chemicals at scale. The secret word in the bioeconomy for 2014 starts with a C. Carbon? Chemicals? Cellulosic? Close, but guess again. Yep, it’s cracking. That is, breaking down the biobased feedstock with heat, pressure and […]
In Finland, Neste Oil disputes the view of Finnish Customs that biofuel mandate requirements were not met in 2009 and 2010. Finnish Customs has levied a penalty payment totaling approximately $59.6 million on Neste Oil because Finnish biofuel mandate requirements were not met in 2009 and 2010. Biofuel mandate legislation requires that companies distributing liquid fuels must provide the appropriate […]
In Finland, Neste Oil is seeking 10,000 cubic meters of ethanol for delivery CIF to Porvoo between Jan. 20 and 25 via tender. Offers are to be on a fixed price basis or an average of February 2014 Rotterdam T2 FOB prices. The ethanol is destined for 5% and 10% blends that will be marketed […]
In Finland, Neste Oil is the world’s first company to be awarded an RSPO-RED Supply Chain certificate under the Roundtable on Sustainable Palm Oil’s (RSPO) new, more demanding certification system. The certificate covers the production of NExBTL renewable diesel at Neste Oil’s refineries in Porvoo, Rotterdam, and Singapore. The RSPO’s new RSPO-RED overall certification system […]
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 […]
In Finland, Neste Oil is looking to expand the feestocks used by its biodiesel technology to include straw and waste. Those feedstocks are typically used in ethanol production, but the company aims to produce biodiesel with it. It has focused on the diesel market for fuel replacements as Europe is predominantly a diesel fueled. Neste’s […]
Making Gold from Green? A multi-year deal between Neste Oil and Cellana may point to the future of commercializing algae biofuels. Will the hybrid product, hybrid technology route be a winner? In California, Cellana announced that it has entered into a multi-year, non-exclusive, off-take agreement with Neste Oil for commercial-scale quantities of Cellana’s ReNew Fuel algae […]
In Finland, UPM and Neste Oil are headed to court after UPM sought to invalidate Neste’s biodiesel patent in a Helsinki court. UPM claims that the new patent lacks “inventiveness and novelty.” Neste is planning to file a countersuit against UPM.
In Finland, Neste Oil reported its first quarter results, showing a net profit or the first time in several years. The company has recorded an operating profit of US$34m. “We were able to expand our customer base further and sales allocations were also successful. Price differentials between different vegetable oils remained favourable during the quarter,” […]
