Neste renames biodiesel division

By | June 17, 2008
Neste Oil Corp. has changed its biodiesel division's name to the Renewable Fuels Division. The change was made because the term "biodiesel" is often associated with fatty-acid methyl esters, which are not part of Neste Oil's NExBTL renewable diesel produced through hydrogenation. Neste's proprietary process creates NExBTL from animal fats, rapeseed oil and palm oil. In 2007, the company announced it would invest $1.1 billion in a 271 MMgy facility expected to open in Singapore in 2010.
 
 
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