Neste Corp. has made the final investment decision on additional renewable products production capacity in Singapore.
The decision is based on a growing global market demand for low-carbon solutions in transport and cities, aviation, polymers and chemicals.
The investment, worth approximately €1.4 billion, will extend Neste's renewable product overall capacity in Singaporeby up to 1.3 million tpy, bringing the total renewable product capacity close to 4.5 million tpy annually in 2022. The company's target is to start up the new production line during the first half of 2022.
As a result of the investment, Neste will have more options to choose between different product solutions in the whole production system. In addition to producing renewable diesel, all Neste's renewable product refineries can produce renewable aviation fuel and raw materials for various polymers and chemicals materials. The investment in Singapore will include additional logistics capabilities and enhanced raw material pretreatment for the use of increasingly low-quality waste and residue raw materials also for the existing refinery.
Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/12122018/neste-makes-major-renewable-products-investment-in-singapore/