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Name | Symbol | Market | Type |
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Neste OYJ (PK) | USOTC:NTOIY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.015 | 0.20% | 7.555 | 7.54 | 7.57 | 7.655 | 7.525 | 7.55 | 21,967 | 16:19:09 |
SANTA MONICA, Calif., June 25, 2015 /PRNewswire/ --
WHO
Tanner Foust, four-time X Games gold medal winner, three-time U.S. Rallycross champion and two-time Formula Drift champion, is scheduled to drive across the finish line in Santa Monica at about 10:30 a.m. on the street behind Loews Hotel, 1714 Appian Way, Santa Monica.
The cross-country trek is sponsored by Neste, the world's largest producer of renewable diesel fuel, and CLP Motorsports. Neste supplied the NEXBTL renewable diesel fuel that the car is using. The car is also driven by Pat O'Keefe, owner of CLP Motorsports and organizer of the challenge. Luke Lonberger and Michel von Disterlo from CLP Motorsports also helped with the long-distance driving chores.
WHAT
The challenge for the team was to make it from Atlantic Coast of Florida to the Pacific Coast of California on just one tank of renewable fuel. They left on Sunday, June 21, and are in Santa Monica, Calif., after traversing 2,400 miles and passing through eight states. They're driving a Superlite Coupe (SLC) that is custom-built by CLP Motorsports. It is powered by a modified Volkswagen 1.9 TDI diesel engine.
WHEN / WHERE
The welcome party will start at 10:30 a.m. with the car expected to show up around 11 a.m. at Loews Hotel, 1700 Ocean Blvd., Santa Monica, CA.
WHY
Neste's NEXBTL renewable diesel can replace petroleum diesel on a drop-in basis due to having the same chemical properties as the ultra-low sulfur diesel. It can also reduce carbon dioxide emissions compared to conventional diesel by up to 90 percent over its lifecycle. NEXBTL is fully compatible with all diesel engines and delivers better performance because it has higher cetane and burns more completely than petroleum diesel. NEXBTL is not the same product as biodiesel (FAME).
Neste provides NEXBTL renewable diesel to U.S. refiners, blenders and fuel distributors. NEXBTL is available to consumers at retail stations in Northern California and will be coming to Southern California by the end of the summer.
For more information on Neste's One Tank Across the USA Challenge, please see:
Team video: https://www.youtube.com/watch?v=a6tXnUu03UY
Campaign website:www.neste.us/across
Facebook: https://www.facebook.com/nesteus
About Neste
Neste is the world's largest producer of renewable diesel and also the largest producer of renewable fuels from waste and residues. Neste's sustainable practices have received recognition in the Dow Jones Sustainability World Index and the Global 100 list of the world's most sustainable companies.
In 2014, Neste's revenue amounted to USD 17.4 billion. The company's shares are listed on NASDAQ Helsinki. Cleaner traffic, energy and life are moved forward by 5,000 professionals. Neste US is based in Houston, TX. Learn more at neste.us.
About Golden Gate Petroleum
Golden Gate Petroleum was founded in 1946 and is one of the largest petroleum and biofuel distributors in the Western United States. Golden Gate first started distributing alternative fuels in 1996 and became one of the first U.S. distributors for NEXBTL renewable diesel in 2013. For more information please go to ggpetroleum.com.
About CLP Motorsports
CLP Motorsports is the premier, full-service performance facility in Northern California. CLP specializes in road racing, track attack, autocross and high-performance street cars. For more on its services and team of experts at clpmotorsports.com.
Photo - http://photos.prnewswire.com/prnh/20150612/222686
Photo - http://photos.prnewswire.com/prnh/20150612/222687
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/first-ever-cross-country-drive-on-one-tank-of-non-petroleum-fuel-300105033.html
SOURCE Neste
Copyright 2015 PR Newswire
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