Distribution deal for UPM BioVerno renewable diesel
| 25 June, 2014
UPM has signed a sales agreement for UPM BioVerno renewable diesel, produced in UPM's Lappeenranta Biorefinery, with NEOT (North European Oil Trade).
NEOT specialises in oil and biofuels wholesale. Large Finnish service stations, ABC, St1 and Shell, get their fuels from NEOT. UPM BioVerno is made from a pulp production residue called crude tall oil. The Finnish made fuel works well in all diesel engines and reduces greenhouse gas emissions.
"UPM’s renewable wood-based diesel, UPM BioVerno, is produced using the company's own innovative process in Finland. Thus it is excellent that we are able to use it in Finnish vehicles as well. We are satisfied with the agreement with NEOT and the fact that UPM BioVerno will be distributed to Finnish service stations,” says Petri Kukkonen, Vice President, UPM Biofuels.