9 June 2015 at 11.30 a.m. (EET)
Neste and Total Fluides to cooperate on bio-based solvents and technical fluids
Neste, the world's leading producer of premium renewable fuels, and Total Fluides, a leading producer and marketer of high-purity hydrocarbon fluids, have signed a collaborative agreement for the supply of Neste proprietary NEXBTL renewable isoalkane used by Total Fluides as feedstock to produce and develop innovative bio-based solvents and technical fluids. Total Fluides will market a new line of renewable fluids for numerous applications such as paints and coatings, drilling fluids, solvents for emulsion polymerization, printing ink fluids, emollients for cosmetics and many others industrial and automotive fluids.
"The bio-based solvents produced from NEXBTL renewable isoalkane and processed using Total Fluides' advanced technology are ideal for downstream use, as their premium quality means that no modifications need to be made to existing processes or production methods," explains Kaisa Hietala, Neste's Executive Vice President, Renewable Products. "The new agreement is an important step towards growing our foothold in the chemical industry, where the demand for renewable components is on the increase."
"The use of bio-sourced raw materials will bring innovative solutions to the market. The first feedbacks from our customers, who have been testing our new fluids, are very positive and very encouraging" says Joël Navaron, Total Fluides' President. "The development of bio-based solvents and technical fluids is in line with Total Fluides' strategy to be a responsible actor and to constantly widen its offering of very high performance products to its customers."
Neste's NEXBTL renewable products have a comparable composition to that of their fossil equivalents and, thanks to Total Fluides' advanced technology, they can be transformed into materials with unique properties.
Total Fluides will produce these new bio-based high-quality special fluids in its plant in France. Neste produces NEXBTL products intended for chemical industry use at its renewable products refineries in the Netherlands, Singapore and Finland.
Director, Corporate Communications
Neste: Kaisa Hietala, Executive Vice President, Renewable Products, tel. +358 10 458 4128
Total Fluides: Serge Cukierman, Innovations and Developments Director, tel. + 33 1 41 35 36 56
Neste in brief
Neste is a forerunner in oil refining and renewable solutions. We offer our customers cleaner traffic solutions and industrial products based on cutting-edge research. Our sustainable practices have received recognition in the Dow Jones Sustainability World Index and the Global 100 list of the world's most sustainable companies. In 2014, our revenue amounted to EUR 15 billion. Neste shares are listed on NASDAQ Helsinki. Cleaner traffic, energy and life are moved forward by 5,000 professionals. Learn more at neste.com
Total Fluides in brief
Total Fluides is part of TOTAL Group and belongs to the Marketing and Services Branch. Total Fluides is a world class producer and marketer of high quality hydrocarbons solvents and specials fluids. Total Fluides produces in France and in the US under proprietary patented process technology. Total Fluides is a leading actor in the hydrocarbon solvents and special fluids market. Total Fluides trademarks are registered: Azulane, Berylane, EDC drilling fluids, EFC Crystal , Elixore, Eolane, Finasol, Gemseal, Genera, Hydroseal, Ketrul, Scriptane and Spirdane. Learn more at totalspecialfuids.com