Neste Oil starts construction of the biggest biodiesel manufacturing plant of the world in Singapore
Finnish oil company Neste has started preparing to build what they are claiming will be the biggest biodiesel production facility in the world in Singapore. The company has invested about 550 million EUR (about $800 million US) in a plant that will be able to produce about 800,000 tons of biodiesel per year. Construction is expected to start in early 2008 and be completed by the end of 2010.
Finnish oil refiner and marketer Neste Oil Corporation announced it has developed a biodiesel manufacturing process whose output solves many of biodiesel's traditional problems. Called "next generation biomass to liquid" or NExBTL, the resulting biodiesel can not only be made from animal fat or vegetable matter, but is more consistent in quality compared to current biodiesel manufactured in the EU, It is also more cold temperature and cold tolerant and has negligible exhaust emissions. The compa