Neste Oil officially inaugurated its new €100 million (US$135 million) renewable diesel NExBTL (Next Generation Biomass to Liquid) plant that has been under construction for the last 18 months at its Porvoo refinery in Finland. (Earlier post.)
The company is also bringing online a new, more than €700 million (US$943 million) diesel production line that has been under construction for the last four years.
The new renewable diesel plant is the first to produce second-generation renewable diesel based on Neste Oil’s proprietary NExBTL technology. NExBTL Renewable Diesel is a hydrocarbon and offers better product characteristics and engine performance than first-generation biodiesels. The new plant will be capable of producing 170,000 t/a of NExBTL diesel fuel from a flexible mix of vegetable oil and animal fat.
The new diesel line will improve the company’s overall refining margin significantly, as it will convert low-value heavy fuel oil into premium-quality diesel fuel. Output will total approximately 1 million t/a of sulfur-free diesel.
Both new facilities reflect Neste Oil’s strategic focus on developing and producing cleaner traffic fuels.