Neste wins Industry Leader Award at 2016 Global Energy Awards
Neste wins Industry Leader Award Biofuels category at the 2016 Global Energy Awards
Neste is the winner in the Industry Leader Award Biofuels category at the 2016 Global Energy Awards. The winning factor was Neste's ability to produce high-class renewable diesel from almost all waste fats or vegetable oils.
Neste was selected as the leading biofuel operator at the 2016 Global Energy Awards. The company came first in the Industry Leader Award Biofuels category in the competition arranged by S&P Platts, a provider of market information and research in the energy sector.
In the Industry Leader Award Biofuels category, all finalists were innovative actors developing sustainable biofuel solutions. The panel of judges was impressed by NEXBTL technology, which enables the production of top-quality renewable diesel and other renewable products from nearly any waste fat or vegetable oil through a hydrogen-based treatment. The panel was also particularly inspired by the company's plans to start production of renewable propane at its Rotterdam refinery by the end of 2016. In this category, the winner was picked from a total of seven finalists.
Neste won praise for its commitment to sustainability and for its continuous search for new solutions so that it can develop its operations. Neste is the world's largest producer of renewable fuels from waste and residues, and the company's plans to increase biodiesel production capacity beyond the current annual volume of two million tons were characterized by the judges as a pioneering venture, and the panel estimated that this will have an impact on global energy markets now and in the future.
In January 2017, Neste released a renewable fuel made 100% out of waste and residues.
The Global Energy Awards are now in their 18th year. The award ceremony took place in New York on December 8.