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 petroleum products focused on billion (2013) premium-quality and 2 million t/a of traffic fuels renewable diesel Operations in 15 Listed on the Largest owner: countries; employs Helsinki 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 renewable fuels – fully compatible with fossil diesel Renewable diesel Biodiesel 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 rapeseed oil) & waste fats) Gasification & Technology Esterification Traditional refining Hydrotreating Fischer-Tropsch Bio-based Bio-based Ester-based, Hydrocarbon hydrocarbon hydrocarbon End product conventional (gasoline, jet fuel, (renewable diesel, (renewable gasoline, biodiesel diesel) jet fuel, 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 Vegetable Oil, advanced biofuel 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 revenue to earnings of 273 m€ and revenues 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 animal fat from Waste fat from the Vegetable oil residues Technical Used cooking Tall oil pitch the food processing fish processing (stearin, PFAD and corn oil oil industry industry spent bleaching oil) Crude palm oil Camelina oil Jatropha oil Soybean oil Rapeseed oil • Next generation feedstock to include waste streams from forestry and agricultural activities, as well as algae oil • Neste Oil also procures bio-based ethanol 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 plastics NEXBTL NEXBTL NEXBTL renewable NEXBTL NEXBTL renewable renewable naphtha and renewable distillates, diesel aviation fuel propane isoalkane sustainable/ renewable plastics 9 Thank you. Lars Peter Lindfors, SVP Technology [email protected] .