Neste Oil Corporation
18 March 2015 4 p.m. (EET)
Neste Oil's renewable diesel to be sold at Propel Fuel stations in California
California based Propel Fuels has launched California's most advanced low carbon diesel fuel called Diesel HPR (High Performance Renewable) at its retail stations. Diesel HPR contains 98.5% Neste Oil's NEXBTL renewable diesel and is available at 18 locations across Northern California in Sacramento, San Jose, East Bay, Redwood City and Fresno.
Diesel HPR is a low-carbon renewable fuel that meets national and California diesel specifications for use in diesel engines while realizing the benefits of better performance, and lower emissions. The fuel does not contain any traditional biodiesel.
"We congratulate Propel Fuels on their initiative to introduce Diesel HPR to consumers in California and are excited to be their supplier of choice with our NEXBTL renewable diesel," said Kaisa Hietala, Neste Oil's Executive Vice President of Renewable Products Business Area.
"NEXBTL renewable diesel reduces emissions as well as enhances engine performance leading to lower maintenance and service costs. It also has excellent low-temperature properties which result in better vehicle reliability during the winter," continues Hietala.
"Diesel HPR exceeds conventional diesel in power, performance and value," said Rob Elam, CEO and Co-Founder of Propel. "Propel is committed to identifying and offering Californians the most advanced low carbon fuels that meet our high standards for quality and value."
Can be used by any diesel vehicle
Incorporating diesel refined from renewable biomass through Neste Oil's advanced hydrotreating technology called NEXBTL, Diesel HPR meets the toughest specifications required by automotive and engine manufacturers, enabling the fuel to be used by any diesel vehicle.
Diesel HPR is designated as ASTM D-975, the standard for all ultra-low sulfur diesel fuel in the U.S., and is recognized as "CARB diesel" by the California Air Resources Board. Diesel HPR provides significant reduction in harmful tailpipe emissions, NOx emissions and particulates (PM).
Better performance and up to 70% lower greenhouse gas emissions
According to the U.S. Department of Energy's Alternative Fuels Data Center, renewable diesel's high combustion quality results in similar or better vehicle performance compared to conventional diesel, while CARB studies show that renewable diesel can reach up to 70 percent greenhouse gas reduction compared to petroleum diesel.
Neste Oil Corporation
Director, Corporate Communications
Neste Oil: Tuija Kalpala, Neste Oil US, Inc., tel. +1 (713) 407-4400, firstname.lastname@example.org
Propel Fuels: Jaime Quick, ChangeUp for Propel Fuels +1 206-229-5183 (cell), email@example.com
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 of renewable raw materials. In 2014, the company's net sales stood at EUR 15 billion, and it employs some 5,000 people. Neste Oil shares are listed on the NASDAQ Helsinki.
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 taking care of their forest footprint in the oil and gas industry. www.nesteoil.com
Propel was founded in 2004 with a mission to connect consumers to better fuels. Propel has pioneered clean fuel retail, leading the industry with unparalleled innovation in retail technology and customer experience. With 43 Flex Fuel & 36 advanced diesel locations across California and Washington State, Propel provides new fuel choices that are higher in performance, deliver better value and create healthier communities. Propel has also developed CleanDrive®, the nation's first integrated carbon emission reduction tracking platform.
Propel is ranked among 2015's top 10 private companies in Silicon Valley and is recognized by Inc. Magazine's "Inc. 500". More information is available at propelfuels.com and by following Propel at facebook.com/propelfuels and on Twitter at @PropelFuels. Locations and real time pricing can be found on Propel's mobile app available in the Android and Apple app stores.