Monday, March 15, 2010

Breaking News-RTRS-FACTBOX-Neste Oil's growing palm oil use for biofuels

KUALA LUMPUR, March 12 (Reuters) - Neste Oil could buy 2.4 million to 2.5 million tonnes of vegetable oils for four biofuel plants, putting the Finnish refiner on par with consumer goods giant Unilever as a top vegetable oil buyer.
The bulk of Neste Oil's vegetable oil purchases will come from palm oil, currently the cheapest in the world.