Neste Corp. (Espoo, Finland) has started producing sustainable aviation fuel (SAF) at its renewable products refinery in Rotterdam, the Netherlands. The refinery has been modified to enable Neste to produce up to 500,000 metric tons per year (m.t./yr) of SAF. As a result, Neste’s global SAF production capability has increased to 1.5 million m.t./yr (around 1.875 billion liters). Last year, Neste bolstered its SAF supply capabilities in North America through a partnership with ONEOK to expand terminal capacity in Houston.
“It is clear that we need to continue making progress in mitigating climate change and addressing aviation’s climate impact. Neste is fully committed to supporting its customers in the aviation industry to reduce their greenhouse gas emissions, and this milestone underlines that commitment. Our SAF production capability, now also in Rotterdam, enables us to significantly contribute to the implementation of the ReFuelEU Aviation Regulation and similar SAF mandates. Policies like these are crucial to ramping-up SAF production and usage, and we need to keep our ambitions and targets high. At the same time it requires support and close cooperation across the whole aviation ecosystem to accelerate the energy transition and related emission reductions,” said Heikki Malinen, President and CEO of Neste.
In addition to the recent modifications to the refinery, Neste continues its strategic growth investment project in Rotterdam which will more than double the company’s production capacity at the Rotterdam refinery to 2.7 million tons of renewable products annually, making the refinery the world’s largest facility producing renewable diesel and SAF. This expansion, scheduled to be completed in 2027, will increase Neste’s total global annual renewable fuels production capacity to 6.8 million tons with Neste’s total annual SAF production capability accounting for 2.2 million tons. In addition to the Rotterdam refinery, Neste has SAF production capabilities at its refineries in Singapore and Porvoo, Finland.
By Mary Bailey
Source: chemengonline.com
Patrick joins Borouge International with more than three decades of international finance leadership across industrial, logistics, and chemical businesses. With 20 years’ CFO experience in publicly listed companies, he brings deep financial expertise and a disciplined approach to capital management.
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