Neste Oil Corporation (Neste Oil) has started the construction of its renewable diesel plant in the Port of Rotterdam, the Netherlands. Once completed, the new plant, which will create over 100 jobs, will have an annual production capacity of 800,000 metric tonnes. The investment cost of the plant is estimated to be EUR670 million. The Neste Oil’s proprietary technology, NExBTL, is used in this renewable diesel.
It contributes to 40-80 % reduction in CO2 emissions and independent research has proven that it significantly reduces tail pipe emissions.
“With this plant in the Netherlands, Neste Oil will become the leading renewable diesel producer supplying Europe from the Netherlands. Our investment also signals Neste Oil’s commitment to driving forward latest innovation with our NExBTL technology in Europe”, said Matti Lievonen, President and CEO of Neste Oil.
The building of renewable diesel plant in Rotterdam port further strengthens the harbour’s position as the major biofuels hub in Europe.
“We are very pleased to have attracted this investment from Neste Oil, which is testament to Rotterdam’s strength as a location attracting innovation and investment. With Neste Oil’s investment, we are truly in the forefront of supplying Europe with the most advanced technology in renewable diesel”, said Ahmed Aboutaleb, Mayor of Rotterdam.
Through Neste Oil’s advanced NExBTL technology, the Rotterdam plant will be best placed to make a significant contribution to Europe’s fight against climate change, said Frans Timmermans, Minister of European Affairs of the Kingdom of the Netherlands.
The plant’s 800,000 metric tonnes production capacity will be a major step forward to reaching the European Union’s 10% renewable fuels target in transport.
Jarmo Honkamaa, deputy CEO of Neste Oil and executive vice president in its Renewable Fuels Business Area, said: Our NExBTL renewable fuel is the most advanced diesel fuel that brings a cost efficient solution to reducing CO2 and local emissions. I am very happy to have this major investment in Rotterdam in the Netherlands, which is known as one of the leading EU member states in environmental questions.
In its current NExBTL production in Finland, Neste Oil uses palm oil, rapeseed oil and waste animal fat sourced from the food industry as feedstock. Most of Neste Oil’s research spending is used in developing new renewable raw materials.