Du är här


Neste Oyj: Neste's NEXBTL renewable diesel retail availability expands into Southern California

Neste Corporation

Press release
12 August 2015 at 6 pm. (EET)

Neste's NEXBTL renewable diesel retail availability expands into Southern

After a very successful debut in Northern California, Neste's NEXBTL renewable
diesel is now also available to drivers in Southern California at retail
stations. Propel Fuels is the first retailer in the world to sell essentially
neat NEXBTL renewable diesel to consumers under the brand name Diesel HPR
(High Performance Renewable).

NEXBTL based Diesel HPR proved an instant hit in March 2015 when it was
launched at 18 Propel stations across Northern California. Within the first
three months, Propel experienced a 300% increase in sales volume and
customers provided great feedback on the fuel which both improves performance
and significantly reduces harmful tailpipe emissions such as nitrogen oxide,
carbon monoxide and particulates.

"Drivers across Southern California can now experience the power, performance
and value Diesel HPR provides over traditional petroleum-based diesel," said
Rob Elam, CEO and Co-Founder of Propel. "Fleets and consumers can be
confident in filling up with the nation's lowest carbon renewable fuel."

California is a forerunner in renewable energy. Renewable diesel plays a
significant role in California's climate plan. Neste's NEXBTL renewable
diesel meets federal and California diesel specification requirements.

"We are very thrilled that Californian motorists have welcomed NEXBTL
renewable diesel and that we can help our customer Propel Fuels to grow their
business and expand the distribution of Diesel HPR, says Kaisa Hietala,
Executive Vice President, Renewable Products at Neste. "Together, we will
help California to reduce emissions and also improve the air quality for all
Californians. "

NEXBTL renewable diesel offers an excellent way for companies to reduce their
carbon footprint as well as for cities to improve their air quality. Produced
from 100% renewable raw materials, NEXBTL renewable diesel can achieve up to
90% reduction in greenhouse gas emissions over its lifecycle in comparison to
petroleum diesel. In addition, it can reduce levels of local emissions that
have a negative impact on air quality. NEXBTL renewable diesel can be blended
to any concentration and can even be used neat; NEXBTL is hydrocarbon
renewable diesel and as such is fully compatible with all modern diesel
engines and existing distribution infrastructure, requiring no changes in the
supply chain. It is not the same product as traditional biodiesel.

Diesel HPR consisting of Neste's NEXBTL renewable diesel is now available at
13 Propel stations across Southern California including several in Los
Angeles/Orange County, Inland Empire and San Diego. A complete list of
locations is available at dieselhpr.com/locations.

Neste Corporation

Kaisa Lipponen
Director, Corporate Communications

Further information:

Neste US: Tuija Kalpala, Marketing Manager, Neste US, Inc., tel. +1 (832)
840-4707, tuija.kalpala@neste.com

Propel Fuels: Jaime Quick, ChangeUp for Propel Fuels +1 206-229-5183 (cell),

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 at neste.us or neste.com

About Propel

Propel was founded in 2004 to bring better fuels to the retail market,
offering Flex Fuel E85 and advanced diesel blends that deliver more power,
produce less carbon, and cost less than petroleum. The company leads the
retail fueling industry with innovations including CleanDrive, the nation's
first integrated carbon emission reduction tracking platform. Find Propel at
43 Flex Fuel E85 and 36 advanced diesel locations across California and
Washington State.

Propel is ranked among 2015's top 10 private companies in Silicon Valley and
is recognized by Inc. Magazine's "Inc. 500." Locations and real time pricing
can be found on Propel's mobile app available in the Android and Apple app
stores. Learn more at propelfuels.com

Propel Fuels Diesel HPR


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


Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.