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    Digital technologies boosts earnings at Johan Sverdrup

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    CNOOC Limited Announces Key Operational Statistics for Q1 2020

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    Renewables: Total Continues to Expand its Footprint in Southeast Asia in Distributed Solar

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    ExxonMobil earns $3.2 billion in third quarter 2019

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    BP to sell Alaska business to Hilcorp

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    MMEC 2021 is 4 weeks away!

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    Ancala Midstream secures gas transportation and processing contracts with Lundin Energy Norway

    Ancala Midstream secures gas transportation and processing contracts with Lundin Energy Norway

    Upwing Energy awarded 10 new patents for technology innovation in downhole rotating devices

    Spain’s Cepsa expects COVID-19 to keep squeezing oil refining margins

    Gazprom makes first delivery of carbon-neutral LNG to Europe

    Gazprom makes first delivery of carbon-neutral LNG to Europe

    Chevron's Interest in Leviathan Field Led to $5 Bln Bid for Noble Energy

    Chevron to build California carbon capture plant

    Exxon posts deepest-ever loss as Covid-19 destroys global oil demand

    Angola to allow oil and gas drilling in some nature preservation zones

    Total-Eni partnership in offshore gas drilling

    Baker Hughes and Akastor ASA form global offshore drilling joint venture

    Digital technologies boosts earnings at Johan Sverdrup

    Westmount Energy announces commencement of drilling operations at Canje Block, Guyana

    Touchstone Exploration discovers oil and gas deposit onshore Trinidad

    Saudi Arabia takes steps to lead the $700B global hydrogen market

  • Projects
    Global oil and gas projects pipeline at US$4 trn

    Global oil and gas projects pipeline at US$4 trn

    BP begins gas production at West Nile Delta project

    BP begins gas production at West Nile Delta project

    Bechtel and Cheniere Deliver LNG Ahead of Schedule on US Gulf Coast

    Bechtel and Cheniere Deliver LNG Ahead of Schedule on US Gulf Coast

    ABB wins $79m order for Bab onshore project in Abu Dhabi

    Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System

    Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System

    BHP successful in bids for blocks in the offshore Orphan Basin in Eastern Canada

    Operational excellence and safety continue to be a key driver in oil and gas sector

    Gazprom plans to carry forward cost efficient in 2018

    TGS announces new seismic project in the Anadarko basin

  • Whitepapers

    OGA 2017 Post Show Report

    US Polyethylene Export Market Report 2017-2020

    US Polyethylene Export Market Report 2017-2020

    Embedded SSD Flash Management

    Enterprise SSD: More Than Just a New Kind of Hard Drive

    Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

    Don’t Miss the Unconventional Resource Revolution’s Next Wave

    Better Safety, Better Business: Maintain Compliance and Drive Revenue: Put All of Your Data to Work

    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases
    UNOC to invest $840m in oil and gas sector

    Archer, Asystom partner for predictive maintenance in the oil and gas market

    Fugro to offer positioning services for Petronas Suriname drilling campaign

    Fugro to offer positioning services for Petronas Suriname drilling campaign

    Siemens Energy partners with ProFlex Technologies to provide IoT-based pipeline leak detection

    Siemens Energy partners with ProFlex Technologies to provide IoT-based pipeline leak detection

    Digital technologies boosts earnings at Johan Sverdrup

    Digital technologies boosts earnings at Johan Sverdrup

    Angola Oil & Gas Conference & Exhibition to return on 15-16 June 2021

    Angola Oil & Gas Conference & Exhibition to return on 15-16 June 2021

    ADNOC announces major rig fleet expansion program

    ADNOC invests $245 million to upgrade main oil lines and Jebel Dhanna Terminal

    ExxonMobil to sell Norway upstream operations for $4.5 billion

    ExxonMobil announces Redtail discovery offshore

    Saudi Aramco to acquire Shell’s share of the SASREF refining joint venture

    Aramco discovers two new oil and gas fields in northern Saudi Arabia

    Ampelmann and Olympic Shipping join forces in project for Ithaca Energy in the North Sea

    Faltering oil demand puts new pressure on OPEC+ production agreements

  • Market Reports
    CNOOC Limited Announces Key Operational Statistics for Q1 2020

    Aramco announces second quarter and half-year 2020 results

    bp agrees to sell its petrochemicals business to INEOS

    bp agrees to sell its petrochemicals business to INEOS

    Empire Pipeline Acquires Gibson Terminal In Terrebonne Parish, Louisiana

    CNOOC Limited Announces Key Operational Statistics for Q1 2020

    CNOOC Limited Announces Key Operational Statistics for Q1 2020

    Renewables: Total Continues to Expand its Footprint in Southeast Asia in Distributed Solar

    Renewables: Total Continues to Expand its Footprint in Southeast Asia in Distributed Solar

    ExxonMobil earns $3.2 billion in third quarter 2019

    ExxonMobil earns $3.2 billion in third quarter 2019

    BP to sell Alaska business to Hilcorp

    BP to sell Alaska business to Hilcorp

    Exxon Mobil Second Quarter 2019

    ExxonMobil Earns $3.1 Billion in Second Quarter 2019

    Equinor capitalizes shares

    Equinor capitalizes shares in Lundin Petroleum for increased direct ownership in Johan Sverdrup and a cash consideration

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Neste develops new solutions to decrease the use of crude oil

venkat by venkat
June 26, 2020
in Downstream, News
0
Qatar Petroleum to continue North Field expansion gas projects

Neste launches a new research project which aims at developing sustainable and globally scalable raw materials and technology solutions for transportation fuels and the production of chemicals and polymers. These new solutions decrease the use of crude oil and tackle climate change. The new technologies will be based on scalable renewable and circular raw materials that have been difficult to utilize so far, such as forestry or agricultural residues, municipal waste, algae, waste plastics and carbon dioxide.

The commercialization of these raw materials requires long-term research and development of novel value chains with partners. Neste receives support for the project from Business Finland and works closely with companies, research institutes and universities.

“Neste’s target is to become a global leader in renewable and circular solutions. Innovation is an important enabler to strengthen our ambitious growth strategy. Our innovation activities focus on renewing the existing businesses and developing new raw materials and technology solutions for transportation fuels as well as chemicals and polymers,” says Lars Peter Lindfors, Senior Vice President, Innovation at Neste.

In the next few years, Neste will increase its investments in research and development as well as create new jobs in innovation in Finland to secure the company’s long-term growth targets. Increasing innovation promotes the competitiveness of Finnish research institutes and industry, and creates opportunities for new start up’s.

“We are developing waste carbon sources to substitute crude oil with a 5, 10 or 20 year horizon for significant commercial scale. Lignocellulosics could potentially provide a large pool of sustainable feedstock from agricultural and forestry waste and residues. Municipal solid waste and waste plastic are also interesting raw material sources, and could be a relatively short-term solution,” says Lindfors.

Further down the road are algae-based solutions, renewable hydrogen and Power-to-X, which use CO2 and renewable electricity as raw material sources.

The new raw materials have high potential globally and could replace a significant amount of the world’s crude oil use for transportation fuels by 2040.

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