“SHV Energy is an ideal partner to market and distribute our biopropane,” according to Kaisa Hietala, Neste Oil’s Executive Vice President, Renewable Products. “This agreement ensures that it will find customers who can most benefit from what it has to offer and its unique environmental properties.”
Neste Oil’s Rotterdam refinery primarily produces premium-quality renewable diesel from various bio-based inputs and waste. A EUR 60 million investment to produce and store biopropane in Rotterdam was announced in early September this year. The new unit will purify and separate biopropane from the sidestream gases produced by the refinery. Technology, engineering and project management company Neste Jacobs will design and implement the biopropane production process. Neste Oil expects the new unit to be producing biopropane at the end of 2016.
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. Neste Oil had net sales of EUR 17.5 billion in 2013 and employs around 5,000 people, and is listed on NASDAQ OMX Helsinki.
Neste Oil is included in the Dow Jones Sustainability World Index, and has featured in The Global 100 list of the world’s most sustainable corporations for many years. Forest Footprint Disclosure (FFD) has ranked Neste Oil as one of the best performers in the oil & gas sector. Further information: www.neste.nl
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