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BIOFORE

Henrikki Talvitie

CEO, NEOT (North European Oil Trade Oy)

1

As a major Finnish wholesale distributor, North Euro-

pean Oil Trade Oy sees it as its responsibility to provide

UPMwith the best possible channel for selling biofuel to

Finnish drivers. We have been involved in the project from

the very beginning and worked with UPM to find the optimal

andmost cost-efficient way of providing end customers with

Finnish wood-based diesel.

2

Part of our company strategy is to ensure self-suffi-

ciency in the supply of traffic fuels, including biofuels,

both today and in the future. In addition to investing in

production through our owners, SOK and St1, our goal is to

support Finnish biofuel projects that use waste or residues as

rawmaterials. Finding common ground with UPM in a project

of national significance has felt particularly good.

3

All Finnish biofuels and traffic fuels benefit the

economy, as every litre produced in Finland reduces the

net import of energy. Renewable liquid biofuels are a modern

solution that suits the current infrastructure and helps

Finland achieve its renewable energy goals.

4

The availability of renewable Finnish biofuels ensures

that end users can choose a product that is sustainable,

ethical, and domestic, yet also competitive.

Marko Snellman

Commercial Development Manager, UPM Biofuels

1

I have been responsible for negotiating sales contracts

with our customers. There has been a high level of

interest in the product since the very beginning – in that

respect the negotiations have been very rewarding. That said,

the negotiations began before we even launched production,

so the process required a high level of mutual trust.

2

It has been a great experience contributing to the

creation of a new and unique product. My job involves

close contact with customers, and it has been important to

make sure that the product’s properties meet customer needs

and benefit the end customer. It is extremely interesting to be

part of creating a new business.

I previously worked in a commercial role in the oil

industry, so I am familiar with the traditional oil market.

Biofuels were new to me, so I have learnt a great deal at UPM.

3

The product is a quality an advanced biofuel that

is suitable for all diesel engines. It reduces traffic

emissions and increases the range of advanced biofuels

on the market.

4

The product is significant to our fuel manufacturing

customers, as it enables them to produce fuel mixtures

in a flexible manner without the need to make changes to the

existing distribution infrastructure. UPMBioVerno also has

better properties than traditional biofuels. Numerous engine

tests and fleet tests have proved that our biofuel works exactly

like a traditional diesel fuel. The results of the tests have been

excellent and in line with our expectations.