NESTE OIL
			Symbol			NTOIF

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Neste Oil and St1 to collaborate as part of VTT's TransEco development program

2009-11-04 06:15 ET - News Release

ESPOO, FINLAND -- (MARKET WIRE) -- 11/04/09

Neste Oil Corporation         Press Release 4 November, 2009 at 1.00 pm EET

Focusing on better biofuels for cars

Neste Oil and St1 to collaborate as part of VTT's TransEco development program

Neste Oil and St1 have begun working together on a fuel project as part of the TransEco development program coordinated by VTT Technical Research Centre of Finland. The project will focus on developing cost-efficient solutions tailored to Finnish conditions that will enable the 20% biocomponent target set for car fuel in 2020 as part of national climate goals to be achieved. The majority of the funding for the fuel project will come from the Ministry of Employment and the Economy, with the remainder accounted for by VTT, Neste Oil, and St1.

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