Neste Oil Corporation
20 May 2011 at 10:00 (EET)
Iveco trucks and buses fueled by Neste Oil's NExBTL renewable diesel at Challenge Bibendum in Berlin, May 18-22
Neste Oil and Iveco, a company in the Fiat Industrial Group that designs, manufactures and markets a wide range of commercial vehicles, have joined forces for the 11th edition of Challenge Bibendum held in Berlin May 18th through 22nd. Challenge Bibendum is an annually held international event gathering mobility experts from around the world to explore, promote, and test solutions and technologies for tomorrow's mobility. The focus of the event is especially on the sustainability and environmental aspects of future road mobility. All Iveco's diesel-electric hybrid and diesel powered vehicles at the event are fueled by Neste Oil's premium quality NExBTL renewable diesel.
"Traffic volumes are expected to triple by 2050 and the related emissions are increasing. It is of utmost importance that we do what we can to minimize the negative effects of traffic: all of the various solutions to combat this environmental challenge are needed. One of the solutions, already available commercially, is Neste Oil's NExBTL renewable diesel which has been proven to reduce greenhouse gas emissions by 50% or even more over the product's entire life cycle when compared to fossil diesel. Its use also significantly cuts tailpipe emissions, which helps improve urban air quality", explains Mr. Matti Lehmus, Executive Vice President, Oil Products and Renewables, Neste Oil.
"NExBTL is a sulfur-, oxygen-, nitrogen- and aromatics-free diesel fuel suitable to be used in all current diesel engines without any engine modifications. It is developed in cooperation with car and engine manufactures to meet even their most stringent requirements. Based on its technical qualities, NExBTL renewable diesel outperforms both 1st generation biodiesels as well as conventional fossil diesel", Mr. Lehmus says.
Neste Oil's NExBTL renewable diesel is a hydrotreated vegetable oil (HVO) produced by hydrotreating vegetable oils or waste animal fats. As a hydrocarbon its chemical composition corresponds to that of traditional diesel. Thanks to a high cetane number, it combusts efficiently, keeping engines clean.
Neste Oil Corporation
Director, Corporate Communications
For further information:
Matti Lehmus, Executive Vice President, Oil Products and Renewables, tel. +358 10 458 4072
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 has been selected into the Dow Jones Sustainability World Index and is also featured in the Ethibel Pioneer Investment Register. The company is included in 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: www.nesteoil.com.