In accordance with its ambition to reach carbon neutral production by 2035, Neste is working on a 120 MW electrolyzer project to produce renewable (i.e. green) hydrogen at its Porvoo refinery in Finland. The company has now decided to proceed to the basic engineering phase with the project. The investment decision readiness is expected to be reached in early 2024. If an investment decision is made, green hydrogen production could start in 2026.
“Our project is one of the largest development projects to produce green hydrogen in the European refineries and it supports our goal to transform the Porvoo refinery to the most sustainable refinery in Europe by 2030. The green hydrogen would be primarily used in our Porvoo refinery’s processes, where it would replace hydrogen produced from fossil feedstocks,” says Markku Korvenranta, Executive Vice President in Neste’s Oil Products.
Production of green hydrogen also generates renewable heat. In connection with the 120 MW green hydrogen project, Neste has started a preliminary study with Porvoon Energia on the utilization of renewable heat in district heating. Porvoon Energia is a regional Finnish energy company focusing on heat and electricity production and distribution as well as development of the electricity network.
Hydrogen projects at Neste’s Porvoo refinery contribute considerably to the EU green hydrogen value chain. In July 2022, Neste became the first Finnish company to receive IPCEI (Important Project of Common European Interest) status from the European Commission for its hydrogen projects. In December 2022, Business Finland awarded Neste EUR 27.7 million of public funding for its renewable hydrogen projects at the Porvoo refinery.
2021-11-01at Porvoo (FI)
Sandoz inaugurates new antibiotic production plant in Austria and new biosimilar development center in Germany
Investment of EUR 175 million reaffirms Sandoz commitment to long-term leadership in off-patent medicines New penicillin production process will significantly improve ecological footprint and help...
Air Products to Build Europe’s Largest Blue Hydrogen Plant and Strengthens Long-term Agreement in Rotterdam, The Netherlands
The facility is expected to be on-stream in 2026, and the resulting "blue" hydrogen product to serve ExxonMobil’s (Esso) Rotterdam refinery and additional customers via Air Products' hydrogen pipel...
OMV and Interzero establish joint venture to build and operate Europe’s largest sorting facility for chemical recycling in Walldürn, Germany
innovative, fully automatic, sorting plant with capacity of up to 260,000 tonnes per year. Mixed plastics into feedstock for OMV’s chemical recycling. Investment volume over EUR 170 mn
Carbios obtains building and operating permits, in line with announced schedule, for world’s first PET biorecycling plant in Longlaville, France
This authorization allows construction work to start as planned for the plant’s commissioning in 2025. The plant will have a capacity of 50,000 tons of PET waste and will create 150 jobs