- The first contract involves a EUR 190 million investment to modify a refinery for producing up to 500,000 tons of Sustainable Aviation Fuel annually.
- The second contract is for Front-End Engineering and Design for a potential new renewable products refinery in Rotterdam.
- The final investment decision for the new refinery is expected by the end of 2021 or early 2022.
- The production process uses Neste's NEXBTL technology to convert waste and residue feedstock into renewable products.
Contract Details
Technip Energies has secured two contracts from Neste for the development of their renewables production platform in Rotterdam, the Netherlands. The first contract covers Engineering, Procurement services, and Construction management (EPCM) for modifying Neste's existing renewables refinery to produce Sustainable Aviation Fuel (SAF). This modification, with an investment of approximately EUR 190 million, will enable the production of up to 500,000 tons of SAF per year.
Future Plans
The second contract involves Front-End Engineering and Design (FEED) for a potential new world-scale renewable products refinery in Rotterdam. This is part of Neste’s preparations for a final investment decision by its Board of Directors, expected by the end of 2021 or early 2022.
Technological Basis
The production process for these projects is based on Neste’s proprietary NEXBTL technology. This state-of-the-art technology allows the conversion of waste and residue feedstock into renewable products, including renewable diesel, Sustainable Aviation Fuel, and renewable solutions for the polymers and chemical industry.
Partnership Background
Marco Villa, Chief Operating Officer of Technip Energies, highlighted the long-standing relationship with Neste, which began with the delivery of two world-scale renewable fuels units in Rotterdam and Singapore. This partnership was further strengthened in 2018 with the Singapore Expansion project and a formal partnership agreement in 2019, focusing on renewable fuels and energy transition.
