Neste Oil Oyj
helsinki : NES1V

January 20, 2012 01:40 ET

Neste Oil's iso-octane plant sale confirmed

ESPOO, FINLAND--(Marketwire - Jan 20, 2012) -

Neste Oil Corporation Press release 20 January 2012 at 8.30 am (EET)

Neste Oil's iso-octane plant sale confirmed

The competition authorities in the US and Canada have approved the sale of Neste Oil's 50% holding in an iso-octane production plant in Edmonton, Canada to Canadian-based Keyera Corporation. The plant has a total nameplate capacity of 520,000 t/a and employs 100 people.

Following the transaction, Neste Oil has completed the divestment program covering its Oil Products & Renewables business area aimed at focusing the business on its core activities.

Neste Oil first announced the divestment of its holding in the iso-octane plant on 8 December 2011.

Neste Oil Corporation

Hanna Maula Director, Corporate Communications

Neste Oil in brief

Neste Oil Corporation is a refining and marketing company concentrating on low-emission, high-quality traffic fuels. The company produces a comprehensive range of major petroleum products and is the world's leading supplier of renewable diesel. The company had net sales of EUR 11.9 billion in 2010 and employs around 5,000 people. Neste Oil's share is listed on the NASDAQ OMX Helsinki.

Neste Oil is included in the Dow Jones Sustainability World Index and is also featured in the Ethibel Excellence investment register, as well as The Global 100 list of the world's most sustainable corporations. Forest Footprint Disclosure (FFD) has ranked Neste Oil as the best performer in the oil & gas sector. Further information:

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Source: Neste Oil Oyj via Thomson Reuters ONE


Contact Information

  • Further information:
    Matti Lehmus
    Executive Vice President
    Oil Products & Renewables
    tel. +358 (0)10 458 4072