- Neste is developing renewable hydrogen and CO2 utilization at Porvoo refinery.
- The lignocellulosics project converts forestry waste into advanced biofuels.
- Projects aim to reduce greenhouse gas emissions and support EU climate targets.
- Both projects are shortlisted for the EU's Innovation Fund.
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.
