Neste invests in its world scale renewable products refinery in Rotterdam, The Netherlands
Neste Corporation has made the final investment decision to invest into new renewable products production capacity in Rotterdam. The decision is based on demand for renewable products growing substantially with customers' higher climate ambitions.
Neste’s current 1.4 million ton capacity for renewable products in Rotterdam is the largest in Europe. The Rotterdam refinery expansion investment of approximately EUR 1.9 billion will expand Neste’s overall renewable product capacity by 1.3 million tons per annum, bringing the total renewable product capacity in Rotterdam to 2.7 million tons annually, of which sustainable aviation fuel (SAF) production capability will be 1.2 million tons. The company’s target is to start up the new production unit during the first half of 2026.
“The investment in the expansion of our Rotterdam refinery strengthens our global leading position in renewable products. It also marks an important step in ensuring our future competitiveness and our renewables’ growth strategy execution as it will bring a substantial amount of renewable diesel, SAF and renewable feedstock for polymers and chemicals to our sustainability-focused customers,” says Matti Lehmus, President and CEO of Neste.
“This investment will further strengthen our competitive advantages which are based on the global optimization of our production and waste and residue raw material usage. With our proprietary NEXBTL™ technology, high quality renewable products can be refined flexibly from a wide variety of lower quality waste and residues. The new production line - together with our Singapore expansion - will be best in class in terms of energy efficiency and raw material flexibility,” continues Lehmus.
Neste currently has a renewable products global production capacity of 3.3 million tons annually. Neste’s ongoing Singapore expansion project and the joint venture with Marathon in Martinez, CA, that is still pending for closing, will increase the total production capacity of renewable products to 5.5 million tons by the end of 2023, and make Neste the only global provider of renewable fuels and renewable feedstock for polymers and chemicals with a production footprint on three continents. When completed, the Rotterdam expansion project will further increase the company’s total production capacity of renewable products to 6.8 million tons by the end of 2026.
Categories
Investments
2022-01-01
€ 1,900 mln at Port of Rotterdam (NL)Countries
Companies
Latest news
Kemira to Invest in Tarragona Site to Expand Drinking Water Treatment Portfolio with New ACH Production Line
Chemmed Cluster Tarragona →The investment, of close to 20 million Euros, which was approved earlier this year will enable the construction of a new production line for Aluminium Chloro Hydrate (ACH), a high-performance coagu...
INEOS Invests £30 Million to Slash Emissions at Hull Site by 75%
Saltend Chemicals Park →INEOS has completed a major £30 million investment at its Hull manufacturing site. The project has resulted in a 75% cut in carbon emissions. David Brooks, CEO INEOS Acetyls, comments "We’ve put £3...
Evonik uses Green Electricity for POLYVEST® Production in Marl
Marl Chemical Park →Since July 1, 2025, Evonik’s Coating & Adhesive Resins business line has been using green electricity for its polybutadiene production in Marl, Germany.
HARKE GROUP has taken over the Swedish Vendico Group
Vendico Group represents several dozen leading strong manufacturers of chemical raw materials in the Personal Care, Home Care and I&I sectors as well as other applications.