{"id":112357,"date":"2022-07-11T07:11:00","date_gmt":"2022-07-11T05:11:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=112357"},"modified":"2022-07-09T07:28:09","modified_gmt":"2022-07-09T05:28:09","slug":"neste-invests-in-its-world-scale-renewable-products-refinery-in-rotterdam","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/neste-invests-in-its-world-scale-renewable-products-refinery-in-rotterdam\/","title":{"rendered":"Neste invests in its world scale renewable products refinery in Rotterdam"},"content":{"rendered":"\n\n\n

Neste\u2019s current 1.4 million ton capacity for renewable products in Rotterdam is the largest in Europe. The Rotterdam refinery expansion investment of approximately EUR 1.9 billion will expand Neste\u2019s overall renewable product capacity by 1.3 million tons per annum, bringing the total renewable product capacity in Rotterdam to 2.7 million tons annually, of which sustainable aviation fuel (SAF) production capability will be 1.2 million tons. The company\u2019s target is to start up the new production unit during the first half of 2026.<\/strong><\/p>\n\n\n\n

\"Refinery
Refinery plant in Rotterdam \u00a9<\/strong> Neste<\/figcaption><\/figure><\/div>\n\n\n\n

\u201cThe investment in the expansion of our Rotterdam refinery strengthens our global leading position in renewable products. It also marks an important step in ensuring our future competitiveness and our renewables\u2019 growth strategy execution as it will bring a substantial amount of renewable diesel, SAF and renewable feedstock for polymers and chemicals to our sustainability-focused customers,\u201d says Matti Lehmus, President and CEO of Neste<\/strong>.<\/p>

\u201cThis investment will further strengthen our competitive advantages which are based on the global optimization of our production and waste and residue raw material usage. With our proprietary NEXBTL\u2122 technology, high quality renewable products can be refined flexibly from a wide variety of lower quality waste and residues. The new production line – together with our Singapore expansion – will be best in class in terms of energy efficiency and raw material flexibility,\u201d continues Lehmus<\/strong>.<\/p><\/blockquote>\n\n\n\n

Neste currently has a renewable products global production capacity of 3.3 million tons annually. Neste\u2019s ongoing Singapore expansion project and the joint venture with Marathon in Martinez, CA, that is still pending for closing, will increase the total production capacity of renewable products to 5.5 million tons by the end of 2023, and make Neste the only global provider of renewable fuels and renewable feedstock for polymers and chemicals with a production footprint on three continents. When completed, the Rotterdam expansion project will further increase the company\u2019s total production capacity of renewable products to 6.8 million tons by the end of 2026. <\/p>\n\n\n\n

About Neste<\/strong><\/h3>\n\n\n\n

Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. We are the world\u2019s leading producer of renewable diesel and sustainable aviation fuel, developing chemical recycling to combat the plastic waste challenge. We aim at helping customers to reduce greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. As a technologically advanced refiner of high-quality oil products with a commitment to reach carbon-neutral production by 2035, we are also introducing renewable and recycled raw materials such as waste plastic as refinery raw materials. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world\u2019s most sustainable companies. In 2020, Neste’s revenue stood at EUR 11.8 billion, with 94% of the company\u2019s comparable operating profit coming from renewable products. <\/p>\n","protected":false},"excerpt":{"rendered":"

Neste\u2019s current 1.4 million ton capacity for renewable products in Rotterdam is the largest in Europe. The Rotterdam refinery expansion investment of approximately EUR 1.9 billion will expand Neste\u2019s overall renewable product capacity by 1.3 million tons per annum, bringing the total renewable product capacity in Rotterdam to 2.7 million tons annually, of which sustainable […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"Neste Corporation has made the final investment decision to invest into new renewable products production capacity in Rotterdam. The decision is based on demand for renewable products growing substantially with customers' higher climate ambitions","footnotes":""},"categories":[5572],"tags":[10794,10416,16792,5528],"supplier":[20967,11708],"class_list":["post-112357","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-aviationfuel","tag-circulareconomy","tag-saf","tag-sustainability","supplier-marathon-petroleum-corp","supplier-neste"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/112357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=112357"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/112357\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=112357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=112357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=112357"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=112357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}