Neste Invests 1.9-Billion-Euros for Expanding Refinery in the Netherlands

Renewable Products Neste Invests 1.9-Billion-Euros for Expanding Refinery in the Netherlands

2022-06-30 Source: Press release Ahlam Rais

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Amidst growing demand, Neste has plans to expand its renewable products refinery in Rotterdam in the Netherlands. With this move, the company will expand its overall renewable product capacity by 1.3 million tons annually, thus, leading to the firm’s total renewable product capacity in Rotterdam to 2.7 million tons per annum.

Neste's target is to start up the new production unit during the first half of 2026.(Source: Neste) — Neste's target is to start up the new production unit during the first half of 2026.
(Source: Neste)

Espoo/Finland – 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 1.9 billion euros 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.

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“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.

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.

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