UPM BioVerno Renewable Diesel to be Distributed in Finland

UPM BioVerno is made from a pulp production residue called crude tall oil.

June 16, 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’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," said Petri Kukkonen, Vice President, UPM Biofuels.

"We are satisfied with the agreement with NEOT and the fact that UPM BioVerno will be distributed to Finnish service stations," Kukkonen added.

The annual production of UPM BioVerno in Lappeenranta will cover nearly a quarter of Finland’s 20% renewable energy target for transport in 2020, UPM noted.

Henrikki Talvitie, CEO of NEOT, said, "For NEOT, sustainable development means utilisation of cleaner and technologically more advanced fuels in the supply chain. We favour ethically, ecologically and quality wise the best products — in this equation the domestic renewable UPM BioVerno is an excellent bio component for diesel."

According to UPM, 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. Extensive fleet tests conducted with the VTT Technical Research Centre of Finland showed that UPM BioVerno diesel works in cars just as well as any regular diesel.

"By using UPM BioVerno, motorists will support Finnish fuel production and help the environment by reducing greenhouse gas emissions,” Kukkonen concluded.

UPM consists of three Business Groups: Energy and pulp, Paper, and Engineered materials. The Group employs around 22,000 people. UPM is present in 67 countries and has production units in 17 countries. UPM's annual sales exceed EUR 10 billion. For further information, visit: www.upm.com