Neste the winner in the Industry Leader Award Biof

Neste Corporation Press Release 22 December 2016 at 9.30 am. (EET)

Neste the winner in the Industry Leader Award Biofuels category at the 2016 Global Energy Awards

Neste was selected as the leading biofuel operator at the 2016 Global Energy Awards. The company came first in the Industry Leader Award Biofuels category in the competition arranged by S&P Platts , a provider of market information and research in the energy sector.

In the Industry Leader Award Biofuels category, all finalists were innovative actors developing sustainable biofuel solutions. The panel of judges was impressed by NEXBTL technology, which enables the production of top-quality renewable diesel and other renewable products from nearly any waste fat or vegetable oil through a hydrogen-based treatment. The panel was also particularly inspired by the company's plans to start production of renewable propane at its Rotterdam refinery by the end of 2016. In this category, the winner was picked from a total of seven finalists.

Neste won praise for its commitment to sustainability and for its continuous search for new solutions so that it can develop its operations. The company's plans to increase biodiesel production capacity beyond the current annual volume of two million tons were characterized by the judges as a pioneering venture, and the panel estimated that this will have an impact on global energy markets now and in the future.

The Global Energy Awards are now in their 18th year. The award ceremony took place in New York on December 8.

Neste Corporation

Osmo Kammonen Senior Vice President, Communications and Brand Marketing

Neste in brief

Neste (NESTE, Nasdaq Helsinki) builds sustainable options for the needs of transport, businesses and consumers. Our global range of products and services allows customers to lower their carbon footprint by combining high-quality and low-emission renewable products and oil products to tailor-made service solutions. We are the world's largest producer of renewable diesel refined from waste and residues, and we are also bringing renewable solutions to the aviation and plastics industries. We want to be a reliable partner whose expertise, research and sustainable practices are widely appreciated. In 2015, Neste's net sales stood at EUR 11 billion, and we were on the Global 100 list of the 100 most sustainable companies in the world. Read more: neste.com