SOURCE: Industrial Info Resources

June 19, 2008 06:00 ET

Neste Continues Projects for Renewable Fuel and Cleaner Oil, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA--(Marketwire - June 19, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Following a decision to build a renewables-fed diesel plant in Singapore at the end of 2007, Neste Oil (OTC:NTOIF) (Espoo, Finland) has announced that it will build an 800,000-ton-per-year renewable diesel plant in Rotterdam, The Netherlands. Work has begun on the $1 billion project, using Neste's NExBTL renewable diesel proprietary technology. Completion is scheduled for 2011. Compared with the use of fossil fuels, NExBTL offers 40%-60% lower greenhouse gas emissions over its entire life cycle, reducing tailpipe emissions and contributing to better air quality.

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