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Constructing on its functionality of proactive transformation, Neste has initiated a strategic examine on transitioning its refinery in Porvoo, Finland to non-crude oil refining and right into a globally main renewable and round options website.
Porvoo refinery
Via co-processing and retrofitting of models, and benefiting from accessible refining belongings, expertise and know-how, Neste targets to develop its renewables and round manufacturing considerably in Porvoo long run.
The transformation beneath examine would begin with the co-processing of each renewable and round feedstock and will proceed with retrofits of current models at a later stage, with a long-term capability potential of two to 4 million tonnes per 12 months. The focused transformation would result in a discontinuation of crude oil refining in Porvoo within the mid-2030s.
Neste will even proceed to actively examine alternatives of inexperienced hydrogen at its Porvoo refinery. These developments would considerably contribute to the conclusion of Neste’s local weather commitments, and make Neste a worldwide frontrunner within the transformation of the fossil gas business.
Neste’s progress technique is centered on renewable and round options. We proceed to set our ambition degree excessive, launching this examine on the long-term transformation path for our Porvoo refinery and concentrating on to in the end substitute crude oil with various feedstocks. The Porvoo website supplies a versatile and large-scale base that may develop into a serious website for our renewables and round enterprise.
—Matti Lehmus, President and CEO of Neste
Transformation of such scale would create the necessity for important investments over the approaching decade. Separate funding selections could be taken because the planning proceeds. Because the time span of the plan is greater than a decade, it could be constructed on modularity and adaptability and may very well be adjusted to mirror variations within the tempo of change in each the renewable and round companies in addition to in conventional refining.
Independently of the deliberate transition, Neste will proceed to supply entry to fossil gas merchandise for its clients.
The Porvoo operations are positioned within the Kilpilahti industrial space, which is the most important chemical business consortium within the Nordics. The Porvoo refinery contains 4 manufacturing traces and greater than 40 manufacturing models, together with two NEXBTL models producing Neste MY renewable diesel.
The refining capability of crude oil is roughly 10.5 million ton/a, or 206,000 barrels per day. Along with crude oil, additionally different feedstocks are transported to Porvoo, leading to a complete manufacturing capability of roughly 12.5 million ton/a. A very powerful merchandise of the Porvoo refinery are site visitors fuels (diesel, gasoline), marine fuels and base oil.
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