Neste announces new renewable products investment, awards contract
by ChemOrbis Editorial Team - content@chemorbis.com
Finland’s Neste Corporation has made the final investment decision for the expansion of its renewable products refinery in Singapore, the company stated in a press release.
The €1.4 billion investment is expected to increase Neste’s renewable products capacity by up to 1.3 million tons/year to 4.5 million tons/year upon the expected start-up of its new production line in H1 2022.
The company has also awarded an engineering, procurement, and construction (EPC) contract to Italy’s TechnipFMC for the project. As part of the contract, TechnipFMC will provide steam reforming technology to the Finnish company.
Neste produces renewable aviation fuel and raw materials for various polymers and chemicals materials in Singapore, the Netherlands, Finland and Bahrain.
The €1.4 billion investment is expected to increase Neste’s renewable products capacity by up to 1.3 million tons/year to 4.5 million tons/year upon the expected start-up of its new production line in H1 2022.
The company has also awarded an engineering, procurement, and construction (EPC) contract to Italy’s TechnipFMC for the project. As part of the contract, TechnipFMC will provide steam reforming technology to the Finnish company.
Neste produces renewable aviation fuel and raw materials for various polymers and chemicals materials in Singapore, the Netherlands, Finland and Bahrain.
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