Neste Oil Corporation - direct/ Neste Oil Corporation (FI) - NESTE OIL AND OMV PLAN A JOINT BIODIESEL PRODUCTION FACILITY

Neste Oil Corporation and Austrian oil and gas group, OMV, are in negotiations aimed at accordingly architecture a all-embracing bulb to aftermath next-generation biodiesel fuel. According to a announcement of understanding, the 200,000 t/a ability will be amid at OMV´s Schwechat oil refinery in Austria, with assembly alpha at the end of 2008 at the earliest.

The bulb will be based on Neste Oil´s proprietary NExBTL technology, which is able of bearing high-quality agent ammunition from a array of renewable raw materials, such as vegetable oil and abominable fat. NExBTL biodiesel offers above ammunition properties, and outperforms accepted biodiesel and agent grades currently on the market, according to contempo tests by arch able engine manufacturers.

NExBTL technology produces constructed biofuels as authentic by EU Directive 2003/30/EC, accoutrement the development of biofuels in the European Union. The EU encourages affiliate states to access biofuel acceptance to 5.75% of all gasoline and agent ammunition acclimated in cartage by 2010. Neste Oil´s and OMV´s collective assembly bulb will be tailored to accommodated the needs of this challenge.

Neste Oil Corporation
Osmo Kammonen
Senior Vice President, Communications


Further information:
Kimmo Rahkamo, Executive Vice President, tel. +358 50 458 4247
Jyrki Ignatius, Vice President, tel. +358 50 458 7034

Neste Oil Corporation is an absolute Northern European oil adorning and business company, with a focus on beat fuels for cleaner traffic. Neste Oil´s refineries are amid in Porvoo and Naantali in Finland, and accept a absolute adorning accommodation of approx. 250,000 bbl/d. The aggregation employs about 4,500 people. Neste Oil is listed on the Helsinki Stock Exchange (symbol: NES1V). For added information, see www.nesteoil.com .

NExBTL (Next Generation Biomass to Liquid) is a new renewables-based, high-quality agent ammunition developed by Neste Oil to accommodated approaching biofuel requirements. NExBTL offers accomplished ammunition backdrop that accommodated the accomplished requirements of the automotive industry, as able-bodied as actual low bankrupt discharge levels. NExBTL can be produced actual flexibly from around any vegetable oil or abominable fat. The aboriginal NExBTL plant, a 170,000 t/a assemblage at Neste Oil´s Porvoo refinery, is due to appear on beck in summer 2007.




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