Biodiesel Picking Up

Matti Lievonen, the President and CEO of Neste Oil, tells us the prospect of the biodiesel industry given that many producers are operating under-capacity and are loss making. Neste is producting at full capacity due to demand for its renewable diesel which is said to deliver better performance than traditional biodiesel. While some environmentalists are against the use of palm oil, Neste says palm oil is still the best commodity for its production taking into account environmental concerns but will continue to research and develop alternatives. He also explains why Neste chose to locate its plant in Singapore rather than Malaysia.