Neste Advances Innovation and Sustainability at Porvoo Refinery

Innovation and Sustainability Projects

Neste is focusing on scalable and sustainable sources of renewable raw materials and their required technologies. The business platforms, established in early 2020, aim to reduce dependence on crude oil and tackle climate change. These platforms include lignocellulosic fuels, chemicals, and materials; scalable feedstocks for renewable aviation fuels; and renewable hydrogen and Power-to-X technologies.

Progress and Collaboration

According to Lars Peter Lindfors, SVP Innovation at Neste, the company has made significant progress on its business platforms, with several projects in different phases. Neste continues to grow its raw material base, create new solutions, and extend collaboration with industry partners, universities, and investors.

Porvoo Refinery Developments

Neste is developing two key projects at the Porvoo refinery in Finland. The first project focuses on renewable hydrogen and CO2 utilization, aiming to reduce greenhouse gas emissions through carbon capture and storage (CCS) and electrolysis solutions. This project also seeks to establish a network of leading European technology suppliers and R&D institutes, creating a hub for renewable hydrogen and CO2 utilization.

Lignocellulosics Project

The second project aims to convert forestry-based waste and residue raw materials into advanced biofuels. This initiative complements Neste’s existing renewables production and could replace significant volumes of fossil fuels.

EU Climate Targets

Both projects contribute to Finland’s and the EU’s climate targets and have been shortlisted among 70 candidates for the EU’s Innovation Fund, one of the world’s largest funding programs for innovative low-carbon technologies.