Neste's Porvoo refinery is back in production after a scheduled maintenance turnaround. The refinery start-up proceeded as planned and normal utilisation should be reached within the very near future. Starting in April, the turnaround was the largest in the history of the refinery, and it will help ensure the refinery's good performance and safety for the next 4 – 6 years.
Refinery integrity management
As part of the major turnaround, which is arranged once every five years, the entire refinery is shut down, equipment is cleaned and inspected, pressure vessels are inspected, new investments are connected to the processes, and required preparations are made for connecting known investments. During the turnaround, approximately 4500 people from 30 countries worked at the refinery.
Financial impact
The refining markets have been strong during the second quarter. As a consequent and due to slight delays in investment work in some units, the turnaround is expected to have a negative impact of approximately €130 million on the oil products segment's comparable operating profit mainly in the second quarter. Previously, the impact was expected to be approximately €100 million. The group's result guidance remains unchanged and the full-year 2015 comparable operating profit is estimated to remain robust, higher than that reached in 2014.
Adapted from press release by Cecilia Rehn
Read the article online at: https://www.hydrocarbonengineering.com/refining/19062015/neste-porvoo-refinery-back-in-production-after-major-turnaround/
