SOURCE: Neste Oil Oyj

January 23, 2008 08:07 ET

NESTE OIL TO PARTICIPATE IN RENEWABLE DIESEL DEMONSTRATION IN ALBERTA, CANADA

ESPOO, FINLAND--(Marketwire - January 23, 2008) -


Neste Oil is participating in the Alberta Renewable Diesel Demonstration. A diesel blend using Neste Oil's NExBTL Renewable Diesel will be used to power heavy duty vehicles in the demonstration project which will be run for about ten months throughout the province of Alberta, Canada. Major sponsors of the Demonstration include the Governments of Canada and Alberta, and Shell Canada.

The Alberta Renewable Diesel Demonstration is Canada's largest study into the cold weather performance of renewable diesel. This demonstration goes beyond the laboratory to put renewable diesel through typical on-road use by trucking companies. The Canadian government has announced plans to implement a Renewable Fuels Standard requiring 2% renewable content in the Canadian diesel supply by 2012. This standard is dependent upon successful demonstration of renewable diesel use under a range of Canadian conditions. The Alberta Renewable Diesel Demonstration addresses this requirement.

The field testing is the second stage of the Demonstration, which also involved laboratory testing. NExBTL performed very well at the laboratory testing stage - exhibiting superior fuel properties. The Demonstration includes several types of renewable diesel manufactured from a variety of feedstock and processes. Over 60 trucks of various sizes are traveling across the province as participants in the Demonstration.

"NExBTL, with its superior cold temperature properties, offers great promise as a renewable diesel solution to Canada and other countries with cold climates." said Jarmo Honkamaa, Executive Vice President, Biodiesel and Deputy CEO of Neste Oil. "Neste Oil has extensive experience in the Canadian and US market with its iso-octane and gasoline products, and we look forward to bringing our renewable diesel technology to North America."

Neste Oil Corporation
Osmo Kammonen
Senior Vice President, Communications

Further information:
Markku Honkanen, Technical Advisor, Neste Oil Corporation, tel.
+358
(0)50 458 4827
Neville Fernandes, Business Development Manager, Neste Oil
Corporation,
tel. +171 34074418

Neste Oil in brief

Neste Oil Corporation is a refining and marketing company focused on advanced, clean traffic fuels, with a strategy that prioritizes growing its refining and premium-quality renewable diesel businesses. Neste Oil's refineries are located at Porvoo and Naantali in Finland, and have a total refining capacity of approx. 250,000 bbl/d. The company employs around 4,800 people and its shares are listed on the Nordic Exchange Helsinki. For further information, please visit us at www.nesteoil.com.

NExBTL Renewable Diesel is a premium-quality diesel fuel based on Neste Oil's proprietary production technology, and offers both lower greenhouse gas and tailpipe emissions than conventional fossil diesel. Greenhouse gas emissions generated by NExBTL, as measured over the product's entire lifecycle, are 40-60% lower, depending on the feedstock used. NExBTL Renewable Diesel can be blended with conventional diesel fuel or used as such, with no engine modifications.


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