Neste Oil eyes further biodiesel investments

HELSINKI Fri Nov 30, 2007 8:57am GMT

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HELSINKI Nov 30 (Reuters) - Finnish oil refiner Neste Oil (NES1V.HE) said it is planning similar investments to the Singapore biodiesel unit announced earlier on Friday, which will be the world's largest biofuel when it starts in 2010. "We are eyeing more similar-sized biodiesel investments in the future," Neste Oil Vice President Jarmo Honkamaa told a news conference.

Chief financial officer Petri Pentti said in the same event Neste Oil woild finance the Singapore plant mainly from cash flow, but would also take out a loan. (Reporting by Sami Torma, Writing by Sakari Suoninen, editing by Will Waterman)

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