Neste Oil Corporation
Press release
4 April 2012 at 11 am (EET)
Neste Oil joined aireg promoting the deployment of biofuels in aviation
Neste Oil has joined aireg, Aviation Initiative for Renewable Energy in Germany, which advances the development and deployment of renewable liquid fuels in aviation. aireg is a network of enterprises and R&D organizations founded in September 2011. The overarching goal of the organization is to contribute to achieving aviation's ambitious CO2 reduction goals.
Among the current 29 members of aireg are, for example, oil companies, airlines, airplane and engine manufacturers, research institutions, and universities such as Total, Lufthansa, Boeing, Rolls-Royce, Technical University Munich (TUM), and Karlsruhe Institute of Technology (KIT).
"Joining forces and working in tight collaboration with other companies, research institutions, and decision makers is the most natural way for us in Neste Oil to support and promote the adoption of biofuels in aviation. We are expecting aireg to offer a platform for various players to come together to share ideas and develop plans for the industry to take the necessary steps towards significantly reducing the industry's carbon footprint," says Vice President Kaisa Hietala responsible for market development at Neste Oil.
Neste Oil has a long history in providing high quality fossil jet fuel for airlines operating at Helsinki-Vantaa airport in Finland. In summer 2011, Neste Oil produced its first batches of premium quality jet fuel from renewable raw materials and became one of the very few oil companies in the world capable of producing this fuel at commercial scale.
The company just recently ended a 6-month test period with Lufthansa during which Neste Oil's NExBTL renewable aviation fuel was tested on over 1,100 flights between Frankfurt and Hamburg, and on one intercontinental flight between Frankfurt and Washington D.C. Extensive tests during the trial proved that the fuel performed excellently and resulted in 1% lower fuel consumption compared to regular fossil jet fuel. Further information regarding the test results can be found on Neste Oil's press release issued on March 15, 2012.
Neste Oil Corporation
Hanna Maula
Director, Corporate Communications
Further information:
Kaisa Hietala, Vice President, Market Development, Neste Oil, tel. +358 50 458 4128
More information on aireg: http://www.aireg.de/ (http://www.aireg.de/)
Neste Oil in brief
Neste Oil Corporation is a refining and marketing company concentrating on low-emission, high-quality traffic fuels. The company produces a comprehensive range of major petroleum products and is the world's leading supplier of renewable diesel. Neste Oil had net sales of EUR 15.4 billion in 2011 and employs around 5,000 people, and is listed on NASDAQ OMX Helsinki.
Neste Oil is included in the Dow Jones Sustainability World Index and the Ethibel Pioneer Investment Register, and has featured in The Global 100 list of the world's most sustainable corporations for a number of years. Forest Footprint Disclosure (FFD) has ranked Neste Oil as one of the best performers in the oil & gas sector. Further information: www.nesteoil.com (http://www.nesteoil.com)
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Neste Oil Oyj via Thomson Reuters ONE
