Neste Oil: Biodiesel
Neste Oil has developed a biodiesel component NExBTL utilizing a proprietary conversion process for vegetable oils and animal fats. NExBTL Renewable diesel properties are similar to the best existing diesels such as GTL or Swedish Environmental Class 1 fuels. NExBTL is sulfur-, oxygen-, nitrogen- and aromatic free and has very high cetane number. Product meets the requirements set by EN590 and WWFC category 4 except for density. Finnish oil company Neste Oil announced solid Q2 results with operating profit of '189 million. During the results press conference, Neste Oil's officers commented on the upcoming hurricane season which might lead to high oil prices and predicted bio-diesel and other alternative fuels will gain a significant portion of the market in 20 years time.
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