"Neste is the world's largest producer of renewable diesel from waste and residues, and we are constantly looking into expanding our renewable raw material base. We believe that forest residues can play a significant role in the future in producing renewable products, and therefore, we are very excited about this R&D cooperation," says Lars Peter Lindfors, SVP for Technology at Neste.

The agreement focuses on the technological and economical feasibility of the project and will assess the biomass availability at a competitive cost, identify technology bottlenecks in process lines, and validate the acceptable level of risk.