Neste Oil to patent microbial oil production technology
(ADPnews) - Sep 22, 2010 - Finnish oil refining company Neste Oil Oyj (HEL:NES1V) said on Tuesday it filed for patents on technology for production of microbial oil as a feedstock for its NExBTL renewable diesel.
The microbial oil produced from waste and residues with the help of various yeasts and molds has already been successfully refined into NExBTL renewable diesel.
The technology was developed in cooperation with Aalto University School of Science and Technology, initiated in 2007. Now Neste Oil will evaluate the oil's potential for pilot-scale production.
The company estimates that commercial production could start by 2015 at the earliest.