Neste Oil sees firm longterm demand for biofuel

AMSTERDAM, May 26 (Reuters) - Finnish refiner Neste Oil will press ahead
with plans to build Europe's biggest biodiesel plant in Rotterdam
despite the sector's recent woes as demand is seen picking up long term,
its chief executive said.
CEO Matti Lievonen said on Tuesday the company was in a healthy position
for financing the 800,000 tonne plant in Europe's biggest port, which is
due to come onstream in 2011 and will cost about 670 million euros ($936
million).