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2015-09-08

Neste Oyj: Neste breaks ground on world's first Bio LPG facility in Rotterdam

Neste Corporation

Press Release
8 September 2015 at 4 pm (EET)

Neste breaks ground on world's first Bio LPG facility in Rotterdam

The ground-breaking ceremony held today at Neste's renewable product refinery
in Rotterdam marks the beginning of construction for the world's first Bio
LPG production facility. The EUR 60 million facility will start production of
Bio LPG in the end of 2016. SHV Energy will market and sell Bio LPG to be
produced at Neste's Rotterdam refinery.

Bio LPG will enable users of existing fossil fuels to reduce their carbon
footprint without any modifications to existing gas applications technology.
Bio LPG can be used within a full range of existing LPG applications, from
transport and commercial heating to retail leisure cylinders.

"Today is the start of the building phase of our project to make a new
renewable product, Bio LPG, a reality. For us it represents an important step
in implementing our renewable product strategy. We have developed an
innovative renewable product family based on our NEXBTL production
technology. Bio LPG is the latest addition to our list of renewable
products," says Ms Kaisa Hietala, Executive Vice President of Renewable
Products at Neste.

"I am happy to say that the cooperation with SHV Energy has been seamless. It
ensures that customers in Europe will be able to use this new renewable
product and enjoy its environmental benefits and other unique properties,"
continues Ms Hietala.

"Bio LPG is a wonderful addition to our product portfolio, and our customers
can benefit from it," says Fulco van Lede, Management Board Member of SHV
Energy. "Bio LPG can be used within a full range of existing LPG
applications, from transport and commercial heating to retail leisure
cylinders, demonstrating the versatility of the fuel without having to change
conventional equipment. This provides our customers with an even cleaner
rural energy alternative to the high-carbon fuels many are dependent on in
off-grid areas."

The new facility will have a production capacity of 40,000 tonnes per year of
Bio LPG for the European market. SHV Energy will be the exclusive
distributor, supplying the 160,000 tonnes over four years.

The new fuel is already being recognized by policy makers as an effective
method of reducing greenhouse gas emissions and meeting sustainability
targets. The UK Department for Transport has issued Renewable Transport Fuel
Certificates (RTFCs) for Bio LPG under their Renewable Transport Fuel
Obligation (RTFO) accreditation, and SHV Energy is working with customers and
policy makers in France, Germany, the Benelux countries, Scandinavia, and
Ireland on similar schemes.

Neste's Rotterdam refinery primarily produces premium-quality NEXBTL renewable
diesel from various waste, residues and vegetable oils. The EUR 60 million
investment to produce and store Bio LPG in Rotterdam was announced in fall
2014. The new unit will purify and separate Bio LPG from the sidestream gases
produced by the refinery. Technology, engineering and project management
company Neste Jacobs has designed the Bio LPG production process.

Neste Corporation

Kaisa Lipponen
Director, Corporate Communications

Further information:

Neste: Ms Kaisa Hietala, Executive Vice President, Renewable Products, tel. +
358 50 458 4128
SHV Energy: Mr Joppe Hendriks, Manager, Corporate
Communications&Sustainability, tel. +31629099153.

Neste in brief

Neste is a forerunner in oil refining and renewable solutions. We offer our
customers cleaner traffic solutions and industrial products based on
cutting-edge research. We are the leading producer of renewable diesel in the
world, with an annual production volume of more than 2 million tons. We are
also the world's largest producer of renewable fuels from waste and residues.
Our sustainable practices have received recognition in the Dow Jones
Sustainability World Index and the Global 100 list of the world's most
sustainable companies. In 2014, our revenue amounted to EUR 15 billion. Neste
shares are listed on NASDAQ Helsinki. Cleaner traffic, energy and life are
moved forward by 5,000 professionals. Learn more atneste.com

About SHV Energy

As part of SHV Holdings N.V., SHV Energy belongs to a family owned Dutch
organisation that has supplied energy to businesses and consumers for over
100 years. Well-known brand names include Primagaz, Calor Gas, Liquigas,
Gaspol and Ipragaz. SHV Energy operates in more than 20 countries. Globally,
SHV Energy employs 15,000 people, has a turnover of over €6 billion and
provides decentralised energy sources LPG, LNG and biomass to tens of
millions of customers. Learn more atSHV Energy.com

Bio LPG facility in Rotterdam
http://hugin.info/133386/R/1950396/709177.jpg
Fact sheet Bio LPG
http://hugin.info/133386/R/1950396/709112.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Neste Oyj via Globenewswire

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