Neste Oil is now the world’s largest producer of renewable fuels from waste and residues. In this company news release, officials say last year, the company produced nearly 1.3 million tonnes (1.6 billion liters) of its renewable NEXBTL diesel from waste and residues, enough to power all the 650,000 diesel cars in Finland for two years.
“We can be really proud that we have succeeded in increasing our use of waste and residue-based feedstocks in the production of renewable NEXBTL fuels to such a significant extent. Thanks to this, Neste Oil has in just a few years become the world’s largest circular economy enterprise in the biofuels sector. The production of fuels from waste-based feedstock is resource-efficient, and our aim is to have the capability to use 100% waste and residues by 2017. We are constantly searching for new waste-based raw materials of increasingly poorer quality, and use the majority of our EUR 40 million R&D expenditure for raw material research,” says Kaisa Hietala, Executive Vice President of Neste Oil’s Renewable Products business area.
Neste Oil officials say they make their renewable fuel from 10 different feedstocks, including animal and fish fats, used cooking oil and various residues generated during vegetable oil refining.