12 December 2017 at 3.45 p.m. (EET)
Neste’s Board of Directors has decided that Neste’s additional production capacity for renewable diesel, renewable aviation fuel and raw materials for various biochemical uses will be located in Singapore. The decision initiates technical design of the new production line, with the aim of a final investment decision by the end of 2018. If the project proceeds as planned, production at the new production line will begin by 2022.
The new production line will extend Neste’s current capacity in the Singapore refinery by one million tons. The growth project includes an enhanced pre-treatment unit in preparation for the use of increasingly poor-quality waste materials.
“There were two equally good locations for the refinery, the United States and Singapore. We investigated the strengths of both potential operating environments, and also revisited our outlooks for raw materials and demand. Based on this overall assessment, we settled on Singapore,” says Kaisa Hietala, head of Neste’s Renewable Products business.
Neste currently has a renewable diesel production capacity of 2.6 million tons. Of this total, over one million is produced in Singapore, the same amount in Rotterdam and the rest in Porvoo, Finland. By eliminating bottlenecks, this total capacity will be increased to 3 million tons by 2020. In addition to producing renewable diesel, the refineries are able to produce renewable aviation fuel and raw materials for various biochemical uses.