Renewable Fuels
Neste Oil is a global pioneer in the field of premium-quality renewable fuels. The company produces and sells NExBTL renewable diesel and NExBTL renewable aviation fuel produced using its proprietary technology. The company has invested a total of almost EUR 1.5 billion over the last few years in expanding its NExBTL capacity and commissioned its fourth NExBTL plant in 2011, in Rotterdam in the Netherlands. All these plants are capable of producing both renewable diesel and renewable aviation fuel. During 2011, Neste Oil concentrated on leveraging its Renewable Fuels business by developing its customer base and supply chain and by extending the portfolio of raw material it uses.
| Key figures | ||
| 2011 | 2010 | |
| Revenue, EUR million | 1,026 | 328 |
| Operating profit, EUR million | -170 | -39 |
| Comparable operating profit, EUR million | -163 | -65 |
| Net assets, EUR million | 1,963 | 1,703 |
| Comparable return on net assets (RONA), % | -8.7 | -5.1 |
| Capital expenditure, EUR million | 190 | 578 |
Targets for 2012
- Extend Neste Oil’s global customer base and open up new markets
- Make the business profitable by increasing sales and improving plant capacity utilization levels
- Develop new product applications
- Extend the raw material base and ensure the sustainability and acceptability of the range of raw materials.
During 2011, Neste Oil concentrated on leveraging its Renewable Fuels business. Renewable diesel sales volumes developed positively and rose 133% compared to 2010.