Neste Oil Corporation
26 August 2011 at 8.30 a.m (EET)
Neste Oil receives recognition for its innovativeness and commitment to sustainability
Neste Oil received recognition for its innovative product development on 25 August in Singapore. Neste Oil Singapore was honored with Frost and Sullivan's Asia Pacific Green Excellence Award for Product Innovation in Bioenergy. Neste Oil was ranked as the best performer for its product profile and business commitment to sustainability and environmental accountability in the category of Chemicals.
"We are extremely honored and proud to be recognized in this way," says Petri Jokinen, Managing Director of Neste Oil Singapore. "We aim to encourage innovativeness and emphasize environmental aspects and sustainability in all areas of our operations, and this award shows that our efforts are being noticed and appreciated also by others.
"Neste Oil is well-known as a producer of premium-grade renewable diesel and as a pioneer in responsible operations. Our recent start-up of the world's largest renewable diesel plant in Singapore probably helped secure our excellent ranking this year, as did the growing potential of our unique NExBTL technology," continues Jokinen.
Based on Neste Oil's proprietary technology, premium-quality NExBTL renewable diesel is the most advanced diesel fuel on the market today. NExBTL renewable diesel meets the toughest quality and environmental standards and its technical properties exceed those of both conventional biodiesel and fossil diesel. It has been shown to reduce greenhouse gas emissions by more than 50% over the product's entire life cycle when compared to fossil diesel; and its lower tailpipe emissions also make a valuable contribution to enhancing overall air quality.
Neste Oil Corporation
Director, Corporate Communications
For further information:
Petri Jokinen, Managing Director, Neste Oil Singapore Pte Ltd, tel. +65 9656 7203
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 for inclusion in the Dow Jones Sustainability World Index and is also featured in the Ethibel Excellence investment register. The company is featured in The Global 100 list of the world's most sustainable corporations; and Forest Footprint Disclosure (FFD) has ranked Neste Oil as the best performer in the oil & gas sector. Further information: www.nesteoil.com.