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Neste Oil To Promote The Deployment Of Sustainable Aviation Biofuel In The Netherlands

(Thomson Reuters ONE via COMTEX) — Neste Oil Corporation Press release 13 November 2013 at 10.45 a.m (EET) Neste Oil to promote the deployment of sustainable aviation biofuel in the Netherlands Neste Oil committed itself on 12 November, to a Dutch initiative aimed at the deployment of sustainable biofuel in the aviation sector. The signatories of the initiative include KLM, SkyNRG, Schiphol Airport, the Port of Rotterdam, the State Secretary of Infrastructure and the Environment, and the Minister of Economic Affairs. Neste Oil’s role in the initiative is to explore the production opportunities for aviation biofuel and scaling up production. Its renewable fuel refinery in Rotterdam would potentially be the first site for producing renewable aviation fuel in the Netherlands. “Neste Oil is a global pioneer in aviation biofuels and has already carried out trials on the use of NExBTL renewable aviation fuel in commercial service,” says Kaisa Hietala, Neste Oil’s Vice President, Renewable Fuels. “We expect this new initiative to stimulate market demand for sustainable aviation biofuel and promote a shift from individual projects to the continuous production and supply of sustainable aviation biofuel. The Netherlands is uniquely positioned to enable this break-through because of the commitment of the public and private sector in the aviation and biofuel industry.” Neste Oil’s renewable aviation fuel is based on its NExBTL technology, which can make very flexible use of a wide range of vegetable oil and waste-based raw materials. Neste Oil ensures the sustainability of all the renewable raw materials it uses and its supply chain complies with a number of sustainability certification schemes. NExBTL renewable aviation fuel meets the very stringent quality standards demanded of aircraft fuel and can significantly reduce an aircraft’s greenhouse gas emissions compared to fossil fuel. Neste Oil Corporation Kaisa Lipponen Director, Corporate Communications Further information: Kaisa Hietala, Vice President, Renewable Fuels, Neste Oil, tel. +358 10 458 4128 Neste Oil in brief Neste Oil Corporation is a refining and marketing company concentrating on low-emission, high-quality traffic fuels. The company produces a comprehensive range of major petroleum products and is the world’s leading supplier of renewable diesel. Neste Oil had net sales of EUR 17.9 billion in 2012 and employs around 5,000 people, and is listed on NASDAQ OMX Helsinki. Neste Oil is included in the Dow Jones Sustainability World Index and the Ethibel Pioneer Investment Register, and has featured in The Global 100 list of the world’s most sustainable corporations for many years. Forest Footprint Disclosure (FFD) has ranked Neste Oil as one of the best performers in the oil & gas sector. Further information: www.nesteoil.com This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Neste Oil Oyj via Thomson Reuters ONE Continue reading

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Price Of Farmland Trebles In Decade And ‘Set For £10k An Acre’

The price of UK farmland has trebled in less than a decade to hit a record high, according to a new survey, as researchers predicted the average price of an acre could soon hit £10,000. Prices for farmland are climbing, a new survey shows. Photo: Alamy By Emma Rowley 7:00AM BST 23 Aug 2013 Interest from farmers and investors buying to rent land to farmers pushed the cost of farmland to £7,440 an acre across the UK in the first six months of this year – three times the price fetched during the same period in 2004, when an acre cost just more than £2,400. Commercial farmers want to expand production to take advantage of the long-term trend for rising food prices and economies of scale, according to researchers at the Royal Institution of Chartered Surveyors (RICS), who produced the data. While commodity prices have eased in recent months, demand for food is expected to remain on an upwards path in the long term, driven by growing populations and changing diets around the world. The appeal of farmland as a “safe haven” investment to rival gold also plays a part, researchers said. Farmland has outperformed a number of alternative asset classes, which – combined with tax breaks – has enhanced its appeal as an investment. Analysis by estate agents Knight Frank has shown that for years gold was the only asset to outperform farmland, but in the short term this situation has reversed as the price of the precious metal has weakened. “The growth in farmland prices in recent times has been nothing short of staggering,” said Sue Steer, spokeswoman for RICS. “In less than 10 years, we’ve seen the cost of an acre of farmland grow to such an extent that investors – not just farmers – are entering the market. “If the relatively tight supply and high demand continues, we could experience the cost per acre going through the £10,000 barrier in the next two to three years.” The most expensive farmland was found in the North West – where supply is tight – at £8,813 an acre, the RICS survey showed, while the cost was lowest in Scotland, at £4,438 an acre. None the less, prices north of the border touched record levels for the Scottish market. Some areas are already past the £10,000 mark, surveyors said. A 13.5 acre block of land near Antrobus near Northwich, which was suitable for potatoes, recently went for well over £12,000 an acre, said Andrew Wallace at Cheshire-based auctioneers Wright Manley. He reported “keen farmer competition for extra land”. Graham Bowcock, a surveyor, said last year’s wet summer and a tough winter and spring that followed did not seem to have diminished the appetite for land purchase. “The big [farmers] still want to get bigger but continue to be hampered by shortage of supply,” he said. “There are plenty of non-farmers waiting in the wings and many seem to have cash available.” On a long-term perspective, the demand for farmland looks likely to increase further around the world due to the finite supply of arable land and population and consumption trends. Analysts also say that rising demand for land for renewable energy sources such as biofuels will compete against food production, further increasing pressure on arable land. Against this backdrop, food prices will stick above their historical average over the medium term for both crop and livestock products as demand grows and production slows, according to a recent report published by the OECD think tank and the UN’s food agency. The twice-yearly RICS rural market survey, which began in 1995, tracks market prices for farmland across England, Wales and Scotland. Continue reading

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EU To Temporarily Curb Oversupply Of Emission Allowances

Monday, 8 July 2013, 10:47 am Press Release: UN News    UN Chief Praises EU Proposal to Temporarily Curb Oversupply of Emission Allowances New York, Jul 5 2013 – Secretary-General Ban Ki-moon today welcomed a move by the European Parliament to support the proposal to backload permits from the European Union’s carbon market. “The vote sends a clear signal that the European Union remains committed to carbon pricing,” the Secretary-General’s spokesperson said in a statement. On 3 July, EU politicians in Strasbourg voted 344-311 in favour of temporarily removing a maximum of 900 million permits, out a total surplus of around 1.7 billion, from trade. The move is meant to drive up carbon prices which have been at a record low. According to today’s statement, Mr. Ban’s spokesperson said the UN chief hopes more structural reforms will now follow in order to strengthen the EU’s carbon market “as a driver for innovation and energy efficient solutions.” The Secretary-General added that the EU’s carbon market is an inspiration to the development of similar markets in China, Australia, South Korea and the United States. “Europe must continue its fight against climate change,” Mr. Ban said. “An effective and well-functioning carbon market is a key tool to reduce greenhouse gas emissions cost-effectively.” Ensuring environmental sustainability is one of the eight anti-poverty targets known as the Millennium Development Goals (MDGs) with a deadline of 2015. In addition, the UN is now working with partners on a post-2015 sustainable development that will build on the progress made by the MDGs. For more details go to UN News Centre at http://www.un.org/news ENDS Continue reading

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