Neste Oil and OMV Plan Joint Biodiesel Production Facility

Espoo, Finland [] Neste Oil’s and OMV’s joint next-generation biodiesel fuel production plant, currently under negotiation, will meet the challenge set forth by the EU, which encourages member states to increase biofuel usage to 5.75% of all gasoline and diesel fuel used in traffic by 2010. The large-scale plant will be located at OMV’s Schwechat oil refinery in Austria, with production beginning at the end of 2008. The 200,000 t/a facility plant will be based on Neste Oil’s proprietary NExBTL technology, which is capable of producing high-quality diesel fuel from a variety of renewable raw materials, such as vegetable oil and animal fat. NExBTL technology produces synthetic biofuels as defined by EU Directive 2003/30/EC, covering the development of biofuels in the European Union.

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