SOURCE: Industrial Info Resources

Industrial Info Resources

November 19, 2010 05:10 ET

Neste Oil Takes Major Step Forward in Renewable Diesel Production, an Industrial Info News Alert

BANGALORE, INDIA--(Marketwire - November 19, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Neste Oil (HEL:NES1V) (Keilaranta, Finland) invested approximately 550 million euros ($749.91 million) to build a renewable diesel plant in Singapore. The company recently announced that the plant was completed on schedule and on budget. Neste Oil's investment is part of its strategic plan to become a leader in renewable diesel production worldwide. This is the first step in its aim to work toward clean traffic fuel technology. The main features of the plant include the use of renewable feedstocks that are easily available worldwide. NExBTL, the product, will be able to blend into the existing market seamlessly. The current target markets are Europe and North America.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=169452, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to alternativefuelsgroup@industrialinfo.com or visit us at www.industrialinfo.com.

Follow us on: Facebook - Twitter - LinkedIn - Vimeo