Neste Oil employs increased waste, residue-based feedstock in 2012
Oil refining and marketing company Neste Oil has reported an increase in the usage of waste and residue-based raw material in its renewable fuel generation for the year 2012.
The company used 400,000t waste and residue raw materials in the year when compared to 330,000t employed in 2011.
The use of waste animal fat, derived from the fish processing industry was particularly increased during the year, with the objective of expanding the company's feedstock base.
Neste oil products and renewables executive vice president Matti Lehmus remarked that the company was happy to breach its targets for the use of waste and residues and extension of feedstock base.
"The amount of renewable diesel that Neste Oil produces from waste and residues today is equivalent to the annual fuel consumption of 740,000 cars," Lehmus said.
The company employed a total of 2.1 million tons of renewable inputs in 2012, comprising 65% sustainably produced palm oil and 35% waste and residues.
Neste also commissioned Europe's first pilot plant for microbial oil production from waste at its Technology Center at Porvoo.