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Home , Naphtha, Neste

A different kind of refining company –

World’s leading supplier of renewable diesel

Dr. Lars Peter Lindfors, SVP Technology 11th Annual World Congress on Industrial Biotechnology May 2014 Neste Oil in brief

A refining and Refining capacity: 15 million t/a of marketing company Net sales: € 17.5 products focused on billion (2013) premium-quality and 2 million t/a of traffic renewable diesel

Operations in 15 Listed on the Largest owner: countries; employs Stock Finnish State approx. 5,000 Exchange (50.1%) people

2 Being innovative drives our leadership position

1,000 Creating Expanding Several new professionals unique raw material products in R&D and technological base since 2008 engineering innovations

3 NEXBTL – fully compatible with fossil diesel

Renewable diesel Fischer-Tropsch Fossil diesel (HVO) (FAME / RME) (BTL) e.g. NEXBTL

Flexible mix of raw Vegetable oils & Crude oil materials Raw material animal fats (mainly Biomass (mineral oil) (vegetable oils oil) & waste fats)

Gasification & Technology Esterification Traditional refining Hydrotreating Fischer-Tropsch

Bio-based Bio-based Ester-based, hydrocarbon hydrocarbon End product conventional (, jet , (renewable diesel, (renewable gasoline, biodiesel diesel) , bionaphta, jet fuel, diesel) biopropane)

O Chemical C H II n 2n+2 C H C H composition + aromatics n 2n+2 n 2n+2 H3C-O-C-R

FAME = Fatty Acid Methyl Ester, conventional biodiesel HVO = Hydrotreated , advanced i.e. renewable fuel RME = Rapeseed Methyl Ester, conventional biodiesel BTL = Biomass to Liquid

4 Leading producer of renewable diesel in the world

• Since 2007, the renewable business has grown from 0 in earnings and to earnings of 273 m€ and of 2,5 bn € in 2013

• Customers are choosing NEXBTL due to its superior quality and flexibility using it as drop in fuel

• Strong market position in several European countries and in North America

- Neste Oil capacity increase to 2,3 Mt from 2 Mt by debottlenecking

5 We aim for continuous development and improvement – flexibility is the key word

Feedstock Productivity Product value flexibility growth maximization

6 Range of renewable raw materials used commercially is growing

Waste from Waste fat from the Vegetable oil residues Technical Used cooking Tall oil pitch the food processing fish processing (stearin, PFAD and oil industry industry spent bleaching oil)

Crude Camelina oil Jatropha oil Rapeseed oil • Next generation feedstock to include waste streams from forestry and agricultural activities, as well as oil • Neste Oil also procures bio-based from the global market to be used as a bio-component in 95 E10 and 98 E5 gasoline.

7 Use of waste/residual feedstock is increasing

Tons 1 400 000

1 200 000

1 000 000

800 000

600 000

400 000

200 000

0 2007 2008 2009 2010 2011 2012 2013 Premium-quality renewable solutions – a gateway to partnership in biobased chemicals and

NEXBTL NEXBTL NEXBTL renewable NEXBTL NEXBTL renewable renewable naphtha and renewable distillates, diesel propane isoalkane sustainable/ renewable plastics

9 Thank you.

Lars Peter Lindfors, SVP Technology [email protected]