10 March 2015

Neste Oil and Preem enter into Patent License Agreement

Published in Releases and news

Neste Oil Corporation

Press release

10 March 2015 at 9 a.m. (EET)

Neste Oil and Preem enter into Patent License Agreement

Neste Oil Corporation and Preem AB (publ) have entered into a Patent License Agreement whereby Preem has licensed Neste Oil intellectual property rights for renewable fuels production for use at Preem Gothenburg refinery.

"We are happy to announce this license to our long time key partner and customer Preem. We are looking forward to develop further this partnership and to work together to expand the renewable fuels market," says Lars Peter Lindfors, Senior Vice President, Technology at Neste Oil.

Neste Oil Corporation

Kaisa Lipponen

Director, Corporate Communications

Further information: Lars Peter Lindfors, Senior Vice President, Technology, tel.  +358 10 458 3605

Neste Oil in brief

Neste Oil Corporation is a refining and marketing company specializing in high-quality fuels for cleaner traffic. The company produces all of the most important oil products and is the world's leading supplier of diesels made from renewable raw materials. In 2014, the company's net sales stood at EUR 15 billion, and it employs some 5,000 people. Neste Oil's shares are traded on NASDAQ Helsinki Ltd.

Neste Oil has been accepted into the Dow Jones Sustainability World Index. The company has also been on the Global 100 list of sustainable companies for several years in succession. CDP Forest has selected Neste Oil as one of the best companies in taking care of their forest footprint in the oil and gas industry. www.nesteoil.fi