Neste news

• Neste and VTTI Enhance Sustainable Aviation Fuel Supply in Europe

  27 May 2024

  Base chemistryEnergy

  

  Neste expands SAF storage and blending at VTTI’s Rotterdam terminal, boosting supply across Europe and supporting the ReFuelEU Aviation Regulation for sustainable fuel use by 2025.
• Mura Technology and Neste Sign Offtake Agreement for Teesside Recycling Site

  7 March 2024

  Base chemistryBiobased & CircularPolymers

  

  Neste will convert products from Mura's Teesside site into new plastic feedstock. The HydroPRS™ process enables efficient recycling of mixed plastics, reducing fossil resource use and carbon footprint.
• Neste to Transform Porvoo Refinery into Renewables Hub

  20 December 2023

  Base chemistrySpecialtiesBiobased & CircularPolymersRefineryEnergy

  

  The Porvoo refinery will shift to producing 3 million tons of renewable and circular products by the mid-2030s, requiring 2.5 BEUR in investments, driven by declining fossil fuel demand and climate goals.
• Neste receives energy investment aid for green hydrogen project

  28 November 2023

  Biobased & CircularRefineryIndustrial gasses

  

  The Finnish Ministry granted EUR 1.96M for a 120MW electrolyzer project at Porvoo refinery. The project aims to produce green hydrogen and recover heat for district heating. Decision expected in 2024.
• thyssenkrupp nucera and Neste Reserve 120 MW Electrolyser Capacity for Porvoo Refinery

  10 October 2023

  Biobased & CircularRefineryIndustrial gasses

  

  The agreement includes six 20 MW modules for green hydrogen production at Porvoo refinery, aiming for sustainability by 2030. Neste also explores using thermal energy for district heating.

• Neste Advances Renewable Hydrogen Project in Porvoo

  3 May 2023

  Biobased & CircularRefineryIndustrial gasses

  

  The project moves to basic engineering, with production potentially starting in 2026. It aims to replace fossil-based hydrogen and generate renewable heat for district heating.
• Neste Advances Liquefied Waste Plastic Processing at Porvoo Refinery

  31 March 2023

  Biobased & CircularPolymers

  

  The second series of runs processed 3,000 tons of waste plastic, advancing chemical recycling. Future plans include scaling to 400,000 tons annually, aiming for 1 million tons by 2030.
• Neste plans algae pilot facility in Spain

  16 February 2023

  SpecialtiesBiobased & Circular

  

  The pilot aims to develop algae cultivation and processing, diversifying renewable raw materials. Spain was chosen for its expertise and environment. The project is in the planning phase.
• Circularise secures €11M funding from Brightlands, Asahi Kasei, Neste, 4impact

  17 November 2022

  SpecialtiesBiobased & CircularPolymers

  

  Circularise will use the funds to advance its blockchain-based digital product passports and mass balance bookkeeping software, supporting the shift to a circular economy in industrial supply chains.
• Neste Secures EU Funding for Chemical Recycling in Porvoo

  13 July 2022

  Biobased & CircularPolymers

  

  The project aims to pretreat and upgrade 400,000 tons of waste plastic annually, targeting over 1 million tons by 2030, enhancing chemical recycling and reducing reliance on virgin fossil resources.
• Neste Expands Renewable Products Refinery in Rotterdam

  27 June 2022

  Base chemistryEnergy

  

  The Rotterdam refinery expansion will boost renewable product capacity by 1.3 million tons annually, including 1.2 million tons of SAF, enhancing global competitiveness and sustainability efforts.
• VTT and Neste to Build Power-to-Liquids Demonstration Facility in Espoo

  22 June 2022

  Biobased & CircularEnergyIndustrial gasses

  

  The facility will integrate CO2 capture, green hydrogen, and e-fuels production, aiming for commercial-scale sustainable fuel solutions. Pilot runs are expected to complete in 2023.
• Neste and EU Sign Grant Agreement for Clean Hydrogen Project in Porvoo

  4 April 2022

  Biobased & CircularRefineryIndustrial gasses

  

  The SHARC project aims to cut over 4 million tons of CO2 emissions in 10 years, supporting EU and Finland's climate goals. It focuses on electrolysis, CCS, and future electric fuel production.
• EU Innovation Fund Awards Climate Action Projects

  10 March 2022

  

  The EU Innovation Fund selected 7 projects for EUR 1.1 billion in grants to advance technologies in energy-intensive industries, hydrogen, renewable energy, and carbon capture.
• Neste Secures EU Funding for Green Hydrogen Project at Porvoo Refinery

  7 November 2021

  Biobased & CircularRefineryIndustrial gasses

  

  The EU Innovation Fund grants €88M for a green hydrogen and CO2 capture project in Finland, aiming to cut over 4M tons of CO2 emissions in 10 years and support carbon neutral production by 2035.
• Neste and Ravago to Form Joint Venture for Chemical Recycling in the Netherlands

  20 October 2021

  

  The joint venture will build a facility in Vlissingen to recycle 55,000 tons of plastic waste annually, leveraging advanced liquefaction technology and aiming for global expansion. Regulatory approval pending.
• Neste Advances Innovation and Sustainability at Porvoo Refinery

  3 June 2021

  

  Neste is developing renewable hydrogen, CO2 utilization, and advanced biofuels at Porvoo refinery, aiming to reduce greenhouse gas emissions and support EU climate targets.
• Technip Energies Secures Two Contracts from Neste for Rotterdam Renewables Platform

  25 May 2021

  Biobased & CircularRefineryEnergy

  

  The contracts include EPCM for modifying a refinery to produce Sustainable Aviation Fuel and FEED for a potential new renewable products refinery, leveraging proprietary NEXBTL technology.
• LyondellBasell Begins Polymer Production from Plastic Waste in Germany

  6 May 2021

  Biobased & CircularPolymersSteam crackerRefinery

  

  The new polymers, made from plastic waste, are marketed under the Circulen brand, certified by ISCC PLUS, and aim to reduce CO2 emissions and fossil-based raw material use.
• Neste Prepares for Major Turnaround at Porvoo Refinery

  31 March 2021

  

  The Porvoo refinery's 12-week turnaround starts April 5, 2021, with EUR 330 million in investments. Safety measures for COVID-19 are in place. Product deliveries remain unaffected.
• Neste Completes First Industrial-Scale Run with Liquefied Waste Plastic

  21 December 2020

  Biobased & CircularPolymers

  

  400 tons of liquefied plastic waste were processed into recycled feedstock. Preparations for future runs are underway, aiming to process 1 million tons annually by 2030.
• Neste Acquires Bunge's Rotterdam Refinery

  3 November 2020

  

  The acquisition enhances Neste's renewable feedstock pretreatment capacity, supporting its goal to use 100% waste and residues by 2025 and expand production to reduce 20M tons of greenhouse gases by 2030.
• Neste Acquires Count Terminal Rotterdam to Boost Renewable Raw Material Supply

  7 May 2020

  Biobased & CircularEnergy

  

  The acquisition enhances Neste's renewable raw material logistics and competitiveness, building on a long-term collaboration and expanding operations in the Rotterdam harbor area.
• LyondellBasell and Neste Begin Commercial Production of Bio-Based Plastics

  18 June 2019

  Biobased & CircularPolymersSteam crackerRefinery

  

  The project used renewable hydrocarbons from waste oils to produce bio-based plastics for food packaging, achieving over 30% renewable content, verified by third-party testing.
• Neste Begins Construction of Bio LPG Facility in Rotterdam

  8 September 2015

  Biobased & Circular

  

  The new facility will produce 40,000 tonnes of Bio LPG annually, reducing carbon footprints without equipment changes. SHV Energy will distribute it across Europe, supporting sustainability goals.
• Neste Oil Opens Europe's Largest Renewable Diesel Refinery in Rotterdam

  19 December 2011

  Biobased & CircularEnergy

  

  The Rotterdam refinery produces premium NExBTL renewable diesel, employs 150 people, and can produce 800,000 metric tons annually, reducing greenhouse gases by over 1.5 million tons each year.
• Neste Oil Sells Sines Plant to Repsol

  30 June 2010

  SpecialtiesEnergy

  

  The sale of the Sines ETBE plant will slightly boost Neste Oil's Q2 results. The plant, with a 50,000-tonne capacity, was converted to ETBE production in 2005.