Neste Oil to build a new isomerization unit to boost premium-quality
gasoline output at Porvoo
Neste Oil has decided to build a new isomerization unit, costing
approximately EUR 80 million, at its Porvoo refinery. The new unit
will be capable of processing 600,000 t/a of existing gasoline
fractions into higher-value, premium-quality gasoline, and will
increase the refinery's total gasoline output by 200,000 t/a.
"The investment will enable us to use even low-grade fractions to
produce low vapor pressure, high-octane gasoline, precisely the type
of fuel that the market is willing to pay a premium for today," says
Jorma Haavisto, Executive Vice President, Oil Refining.
Construction of the new unit will begin in 2009, and it is scheduled
to come on stream at the beginning of 2011. Feedstock for the unit
will come from the company's refineries at Porvoo and Naantali.
Neste Oil Corporation
Osmo Kammonen
Senior Vice President, Corporate Communications
Further information:
Jorma Haavisto, Executive Vice President, Oil Refining, tel. +358
(0)50 458 4500
Martti Ronkainen, Vice President, Porvoo refinery, tel. +358 (0)10
458 2100
Neste Oil in brief
Neste Oil Corporation is a refining and marketing company
concentrating on low-emission, high-quality traffic fuels. The
company's strategy is based on growing both its oil refining and
premium-quality renewable diesel businesses. Neste Oil's refineries
are located in Porvoo and Naantali in Finland, and have a combined
crude oil refining capacity of approx. 260,000 barrels a day. The
company had net sales of EUR 12,103 million in 2007 and employs
around 5,100 people. Neste Oil's shares are listed on the Nordic
Exchange in Helsinki. www.nesteoil.com
