NESTE OYJ Neste Corporation
Press release
21 August 2015 at 9 am (EET)
Neste's renewable fuel patent portfolio becomes stronger
Neste's patent portfolio in renewable fuels has strengthened with new patents in Europe and the United States. The patents further strengthen Neste's NEXBTL patent portfolio both geographically and in terms of duration, as the patents will remain in force in the United States and extensively in Europe up to 2025.
"Neste is the world's largest producer of premium-quality renewable diesel. The new patents granted for the company's proprietary NEXBTL technology are yet another indication of the pioneering nature and innovation of our technology. This encourages us to continue our cutting-edge R&D work, aiming to find new alternatives to fossil fuels," says Lars Peter Lindfors, SVP, Technology at Neste.
NEXBTL technology makes it possible to produce renewable products from vegetable oils and waste fats. Low-emission NEXBTL renewable products can replace fossil feedstocks in diverse fuel and chemical industry applications. Renewable products are produced at the company's refineries in Finland, Rotterdam and Singapore. Neste's combined annual renewable product production capacity exceeds 2 million tons.
Neste Corporation
Kaisa Lipponen
Director, Corporate Communications
Further information: Lars Peter Lindfors, Senior Vice President, Technology, tel. +358 10 458 3605
Neste in brief
Neste is a pioneer in oil refining and renewable solutions. We provide our customers with premium-quality products for cleaner traffic and industrial products based on world-class research. Our sustainable operations have received recognition in the Dow Jones Sustainability World Index and the Global 100 list of the world's most sustainable companies, among others. Our net sales for 2014 amounted to approximately EUR 15 billion, and our shares are listed on NASDAQ Helsinki. Cleaner traffic, energy and life are moved forward by about 5,000 professionals. More information: neste.com/fi
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Neste Oyj via Globenewswire
