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OMV says it will stop oil and gas production by 2050 in transformation to net-zero

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Austria-based OMV, an international, integrated oil, gas and chemicals company, announced its intention to become a net-zero (Scope 1, 2 and 3) company by no later than 2050. The gradual decline foresees a decrease in crude oil production by around 30% and natural gas production by around 15% by 2030.

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UPM and WWF Finland co-operate to promote the sustainability of wood-based liquid biofuels

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Finland-based bio and forest industries company UPM and WWF Finland have engaged in a dialogue on the status of wood-based liquid biofuels in Finland and present a list of joint measures to be carried out to promote sustainability. —Liisa Rohweder, CEO of WWF Finland. Earlier post.).

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Galten Biodiesel to supply jatropha oil to Neste Oil

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Israel-based Galten Biodiesel has signed a NIS 225-million (US$60-million) contract to supply 60,000 of Jatropha oil to Finland-based Neste Oil, the producer of NExBTL renewable fuels, beginning in 2014. Galten operates its first Jatropha plantation in Ghana. Forecasts see this year's European biodiesel market worth $40 billion.

Oil 230
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Cellunolix sawdust to ethanol plant to be built in Finland

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North European Bio Tech Oy (NEB) has made an investment decision concerning the construction of a bioethanol plant on the Renforsin Ranta industrial estate in Kajaani, Finland. million gallons) of bioethanol per year, will be leased to North European Oil Trade Oy (NEOT), which engages in oil and bioproduct wholesale trade.

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Neste Oil beginning commercial use of tall oil pitch as fuel feedstock

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Neste Oil is beginning the commercial use of tall oil pitch as a feedstock for refining into transportation fuel. Up until now, it has not been possible to use tall oil pitch, a residue produced by tall oil refiners ( earlier post ), as a commercial-scale feedstock for fuel refining purposes. Earlier post.).

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Neste Oil and Raisioagro to research the potential of straw as a renewable diesel feedstock via microbial oil

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Neste Oil, developer of the NExBTL process for renewable diesel, and agritrader Raisioagro have launched a research project to investigate the potential of straw as a raw material for producing NExBTL renewable diesel via Neste’s microbial oil technology. The cells are then harvested and the oil recovered. Earlier post.).

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Neste Oil inaugurates Europe’s first pilot plant for producing microbial oil from waste and residues

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Neste Oil celebrated the official opening of Europe’s first pilot plant for producing microbial oil from waste and residues at its site in Porvoo, Finland. Agriculture in Finland and elsewhere, for example, produces large quantities of straw, but little of this straw is put to effective use. Earlier post.)

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