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BATON ROUGE, La. (Map) -
(Logo: http://www.newscom.com/cgi-bin/prnh/20050801/ALBEMARLELOGO )
This proprietary NExBTL process, the world's first fully commercial renewable diesel production process, delivers an advanced fuel based on renewable raw materials that performs more efficiently and has a lower level of environmental impact than fossil diesel or FAME-type (fatty acid methyl ester) biodiesel. Neste Oil and Albemarle have worked together for several years to develop the catalysts for the NExBTL renewable diesel process. Albemarle's multi-year order with Neste includes scheduled deliveries of the catalysts for 2008, 2009 and 2010.
Neste Oil currently operates one NExBTL plant in Porvoo,
"Creating products that meet societal needs in a sustainable manner is our
primary focus," said
"This order emphasizes the key role that innovative catalysis development
has in accelerating the rapidly evolving area of alternative fuels," said
About Albemarle Corporation
Albemarle Corporation, headquartered in
About Neste Oil Corporation
Neste Oil Corporation is a refining and marketing company concentrating on
low-emission, high-quality traffic fuels. The company's strategy is based on
growing both its oil refining and premium-quality renewable diesel business
with proprietary NExBTL-technology. Neste Oil's refineries are located in
Porvoo and Naantali and have a combined crude oil refining capacity of approx.
260,000 barrels a day. The company had net sales of
About NexBTL diesel
NExBTL renewable diesel is an advanced fuel based on renewable raw materials. It performs more efficiently and has a lower level of environmental impact than fossil diesel or FAME-type biodiesel. Neste Oil is measuring the environmental impacts of NExBTL renewable diesel over the whole life cycle and it requires its raw material suppliers to apply sustainable production processes and commit to continuous improvements of the production and procedures. Sustainably produced feedstock ensures NExBTL diesel 40-60% lower greenhouse gas emissions over its entire lifecycle compared to fossil diesel. NExBTL renewable diesel can be blended with conventional diesel fuel or used as such, and it is suitable for all diesel engines.
Neste Oil is the leader in renewable diesel production. The company's
first NExBTL facility was commissioned in
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Albemarle Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K.
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