Singapore's Neste Oil wins green award
Singapore's Neste Oil has been awarded the Frost and Sullivan's Asia Pacific Green Excellence Award for Product Innovation in Bioenergy. It was ranked as the best performer for its product profile and business commitment to sustainability and environmental accountability in the category of chemicals.
"We are extremely honored and proud to be recognized in this way," says Petri Jokinen, managing director of Neste Oil Singapore. "We aim to encourage innovation and emphasize environmental aspects and sustainability in all areas of our operations, and this award shows that our efforts are being noticed and appreciated also by others.”
The company produces premium-grade renewable diesel and views itself as a pioneer in responsible operations – it opened the world's largest renewable diesel plant in Singapore.
Based on Neste Oil's proprietary technology, premium-quality NExBTL renewable diesel is an advanced diesel fuel which the company says can reduce greenhouse gas emissions by more than 50 percent over the product's entire life cycle when compared to fossil diesel.