Neste’s crude oil refinery in Finland to be transformed into renewables hub
Published by Poppy Clements,
Assistant Editor
Hydrocarbon Engineering,
The company expects the long-term capacity potential after the transformation to be about 3 million t of renewable and circular products, such as renewable diesel, sustainable aviation fuel (SAF) and both renewable and circular feedstock for the polymers and chemicals industry.
“The COP28 declaration is a strong signal to all of us, and we want to be in the forefront of accelerating the green transition with our renewable and circular solutions. The long term transformation of the Porvoo refinery is a key element in our renewables growth strategy, completing Neste’s journey to a 100% renewable and circular solutions provider when finalised. This will further strengthen our position in serving the future needs of our customers,” said Matti Lehmus, the President and CEO of Neste.
“The demand for fossil fuels is declining in our traditional markets due to the growing share of renewable fuels and electrification. I am excited to start this transformation roadmap of the Porvoo refinery to proactively create a sustainable future for the site. This transformation will be made possible by our decades long refining experience, specific expertise in processing challenging raw materials, and our highly skilled employees,” said Markku Korvenranta, Executive Vice President in Oil Products business unit.
The planned Porvoo transformation will contribute to the realisation of Neste’s climate commitments. The final timeline for transitioning from crude oil to renewable and circular raw materials will be determined later in line with the actual fuel market demand, legislation development and transformation progress.
Read the article online at: https://www.hydrocarbonengineering.com/refining/20122023/nestes-crude-oil-refinery-in-finland-to-be-transformed-into-renewables-hub/
You might also like
Hydrocarbon Engineering Podcast
Mike Logue, Owens Corning Global Business Director – Mechanical Insulation, delves into factors that can support the performance, safety and longevity of insulating systems installed in hydrocarbon processing environments, including cryogenic facilities.
HIF, Porsche AG, and Shell sign e-Fuels supply agreement for Haru Oni facility
HIF Global, a worldwide provider of innovative fuels has signed an agreement with Porsche AG and Shell for the delivery of e-Fuels produced by HIF’s Haru Oni e-Fuels facility in Punta Arenas, Chile.
