Neste announces 1,400 M€ investment in Singapore to extend its production capacity

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Type of post: NEWS IN BRIEF.

It is the most relevant news of the year on the HVO arena (see other news). Finally, Neste Corporation has made the final investment decision on additional renewable production capacity in Singapore. According to the company press release, such decision is based on a growing global market demand for low-carbon solutions in transport and cities, aviation, polymers and chemicals.
Press release: “Neste strengthens its global leading position in renewable products with a major investment in Singapore”, 12/12/2018.

The Company is already the global leader in the transformation of waste and residues into renewable hydroprocessed products and the investment strengthens even more its leading position. The figures are overwhelming:
Investment worth
1,400 M€.
Extension of capacity in Singapur
1.3 Mtons/year (currently, 1 Mton/year).
Total capacity (Finland + Netherlands + Singapur) currently
Close to 2.7 Mtons/year.
Expected total capacity (Finland + Netherlands + Singapur) in 2020 (by eliminating bottlenecks)
3.0 Mtons/year.
Expected total capacity (Finland + Netherlands + Singapur) in 2022 (considering the new production line)
Close to 4.5 Mtons/year.
Start-up of the new production line in Singapur
First half of 2022.

Figure 1. Neste announces 1,400 M€ investment in Singapore to extend its production capacity

As a result of the investment, Neste will have more options to choose between different product solutions in the whole production system. In addition to producing renewable diesel, all Neste’s biorefineries are able to generate renewable aviation fuel and raw materials for various polymers and chemicals materials. The investment in Singapore will include additional logistics capabilities and enhanced raw material pretreatment for the use of increasingly low-quality waste and residue raw materials also for the existing refinery.

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