Sceptre Group Limited – www.sceptreinternational.com – World’s Largest Biodiesel Plant Opens in Singapore

What is being billed as the largest biodiesel plant in the world started production this week in Singapore. Operated by Neste Oil, the plant has the capacity to produce 800,000 metric tons of fuel per year. The fuel is made from vegetable oils or a combination of oils and waste animal fat sourced from the food industry.

Neste Oil has started up the world’s largest renewable diesel plant in Singapore. Production of NExBTL renewable diesel will be ramped up on a phased basis. The plant was completed on-schedule and on-budget and marks a major step forward in Neste Oil’s clean traffic fuel strategy.

“We are very proud of the new plant and the NExBTL technology behind it, which is based on our in-house R&D. NExBTL represents a major Finnish innovation in the field of renewable fuels and we believe that it has excellent potential in the global marketplace,” according to President & CEO Matti Lievonen.

Neste Oil’s NExBTL renewable diesel is a premium fuel that is compatible with all diesel engines and existing fuel distribution systems. It offers excellent performance at low temperatures and can be used either blended with fossil diesel or as such. NExBTL enables a 40-80% reduction in greenhouse gas emissions to be achieved compared to fossil diesel. Its lower tailpipe emissions also make a valuable contribution to enhancing overall air quality.

“The benefits of NExBTL renewable diesel have been confirmed in numerous trials and everyday use, and the feedback that we have received from users has been excellent,” says Lievonen.

The Singapore plant has a capacity of 800,000 t/a and cost around EUR550 million to build. The plant has approximately 120 employees. Neste Oil has a similar-sized facility under construction in Rotterdam, which is due to be commissioned in the first half of 2011. The company already operates two renewable diesel plants that came on stream at Porvoo in Finland in 2007 and 2009 with a combined capacity of 380,000 t/a. The main markets for NExBTL diesel are Europe and North America.

Source: www.marketwatch.com

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Sceptre Group Limited is a specialist investment firm focused in low carbon financial investments such as sustainable biofuel plantations, agricultural farmland and green technologies.

For more information, please visit our websit: www.sceptreinternational.com

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