Neste Oil's renewable diesel earns healthy margins
Finland-based Neste Oil Corp. saw healthy margins in its renewable fuels division, reporting second-quarter 2008 profits of €13 million ($20 million). That compares with a €5 million ($7.8 million) loss over the same period a year ago when its first NExBTL renewable diesel unit began production. Neste's renewable fuels division reported an 8 percent rolling 12-month return on net assets at the end of June. The six-month comparable operating profit in renewable fuels was €15 million ($23.5 million).