Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
Neste launched the
strategic study in September 2022 with an aim to significantly grow its
renewables and circular production in Porvoo long term, starting with the
co-processing of both renewable and circular feedstock which could lead to
retrofits of existing units at a later stage, with a long-term capacity
potential of 2 to 4 million tonnes per year.
The targeted transformation would lead to a
discontinuation of crude oil refining in Porvoo in the mid-2030s. Having concluded the study, the company said the
planned transformation will proceed in phases, with multiple separate
investment decisions required during the next decade before targeted
completion.
The company expects
the long-term capacity potential after the transformation to be about 3 million
tons of renewable and circular products, such as renewable diesel, sustainable
aviation fuel, and both renewable and circular feedstock for the polymers and
chemicals industry. The total investment
estimate for the transformation roadmap is approximately €2.5 billion.
Recently, Neste was
granted an energy investment aid of €1.96 million for heat recovery from the
green hydrogen production planned for the Porvoo refinery.
