Albemarle Corp. to supply catalysts for renewable diesel production

Albemarle Corp. is scheduled to supply catalysts exclusively to Neste Oil OYJ in 2008, 2009 and 2010 for the production of renewable diesel in Porvoo, Finland. Neste is operating one facility there, and a second is under construction. Both will use the company's NExBTL technology. Neste and Albemarle have worked together for several years to develop the catalysts. According to Albemarle, Neste's renewable diesel produces 40 percent to 60 percent fewer greenhouse gases over the fuel's life cycle when compared with fossil fuels.