Neste Oil builds Europe's largest renewable diesel plant in Rotterdam
Neste Oil today laid the foundation stone for its renewable diesel
plant in the Port of Rotterdam. Upon completion, the plant will be
the largest renewable diesel plant in Europe with an annual
production capacity of 800,000 metric tonnes. The investment cost of
the plant is estimated to be ¤670 million, and it will create over
100 jobs.
"With this plant in the Netherlands, Neste Oil will become the
leading renewable diesel producer supplying Europe from the
Netherlands. Our investment also signals Neste Oil's commitment to
driving forward latest innovation with our NExBTL technology in
Europe", said Matti Lievonen, President and CEO of Neste Oil.
The building of Europe's largest renewable diesel plant in Rotterdam
port further strengthens the harbour's position as the leading
biofuels hub in Europe.
"We are very pleased to have attracted this investment from Neste
Oil, which is testament to Rotterdam's strength as a location
attracting innovation and investment. With Neste Oil's investment, we
are truly in the forefront of supplying Europe with the most advanced
technology in renewable diesel", said Ahmed Aboutaleb, Mayor of
Rotterdam.
"Through Neste Oil's advanced NExBTL technology, the Rotterdam plant
will be best placed to make a significant contribution to Europe's
fight against climate change", said Frans Timmermans, Minister of
European Affairs of the Kingdom of the Netherlands.
The plant's 800,000 metric tonnes production capacity will be a major
step forward to reaching the EU's 10% renewable fuels target in
transport. NExBTL, Neste Oil's proprietary technology, is the
innovation behind the world's cleanest and most advanced renewable
diesel. It contributes to 40-80 % reduction in CO2 emissions and
independent research has proven that it significantly reduces tail
pipe emissions.
Jarmo Honkamaa, Deputy CEO of Neste Oil and Executive Vice President
in its Renewable Fuels Business Area, said: "Our NExBTL renewable
fuel is the most advanced diesel fuel that brings a cost efficient
solution to reducing CO2 and local emissions. I am very happy to have
this major investment in Rotterdam in the Netherlands, which is known
as one of the leading EU member states in environmental questions."
In its current NExBTL production in Finland, Neste Oil uses palm oil,
rapeseed oil and waste animal fat sourced from the food industry as
feedstock. Neste Oil is dedicated to sustainability in its feedstock
sourcing, reflected e.g. in Neste Oil's commitment to solely using
certified palm oil by the end of 2015 or even before that if
sufficient volumes become available. Most of Neste Oil's research
spending is used in developing new renewable raw materials.
NESTE OIL CORPORATION
Hanna Maula
Director, Corporate Communications
Further information: Mr Jarmo Honkamaa, Deputy CEO and Executive Vice
President, Renewable Fuels Business Area, tel +358 10 458 4426
About Neste Oil
Neste Oil Corporation is a refining and marketing company
concentrating on low-emission, high-quality traffic fuels. The
company's target is to be the world's leading supplier of renewable
diesel. Neste Oil's refineries are located in Porvoo and Naantali and
have a combined crude oil refining capacity of approx. 260,000
barrels a day. The company had net sales of EUR 15 billion in 2008
and employs around 5,200 people. Neste Oil's share is listed on the
NASDAQ OMX Helsinki. For further information, see www.nesteoil.com
About NExBTL
NExBTL, produced by Neste Oil with its proprietary technology, is the
cleanest renewable diesel fuel available today. It offers significant
reductions in both greenhouse gas emissions and pollution compared to
fossil diesel fuel. The precise reductions in greenhouse gases depend
on the raw materials used in production. Tests have shown that NExBTL
produces 40-80% less greenhouse gases throughout the whole product
lifecycle.
NExBTL renewable diesel is a solution for reducing air pollution in
high density traffic areas. It can be used without capital
investments in current distribution systems and vehicle engines.
The current city bus demonstration project in Finland with 300 normal
city buses proves that NExBTL renewable diesel has a significant
impact on the local air quality. The project also shows that it can
be used in high blends (>30%) in conventional diesel engines.
Technically, NExBTL can also be used 100% without blending. The fuel
brings the emissions of old vehicles to the level of modern diesel
engines.
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