Page 15 - Peter Vanacker News Today

Renewable energy and the circular economy are driving growth for Neste Topics Photo courtesy of Neste Corporation Peter Vanacker is well-acquainted with disruption and conflict. As the president and CEO of Neste Corporation, he leads a company with a market capitalization of about US$40 billion that stands with a foot in two contrasting camps. Based in Espoo, Finland, Neste has a heritage in oil refining. But Neste’s future on the world stage is being shaped by strong growth in renewables and...

 - May 11, 2021, 2:28 PM With a $230 million expansion set to begin at its Rotterdam refinery, and a similar project already underway at its Singapore location, Neste expects its annual output of sustainable alternative fuel to exponentially increase by 2023. (Photo: Neste) Major sustainable fuel producer Neste has finally greenlit a long-discussed expansion project at its Rotterdam refinery. Requiring an outlay of approximately $231 million, the expansion, which is expected to be completed b...

President and CEO Peter Vanacker said: “Neste’s 2021 started in the same way as the previous year ended: with a resilient Renewable Products business and challenging market in Oil Products. We posted a comparable operating profit of EUR 302 million in the first quarter, compared to EUR 408 million in the corresponding period last year. Renewable Products’ sales margin was healthy, sales volumes were high, and our production facilities reached a new quarterly production record. Oil Product...

There were 22 weekdays in April. There were 15 announcements about sustainable aviation fuel progress, advancements, implementations, and production in just those 21 days. What does that mean? Why is SAF suddenly taking off like never before, even as the aviation industry was turned upside down due to the COVID-19 pandemic? Why are companies pivoting from other fuels to focus on SAF? In today’s Digest, let’s kick the tires and light the fires as SAF is cleared for take-off. The latest SAF n...

(Neste)   Neste, the world’s leading producer of renewable diesel and sustainable aviation fuel produced from waste and residue raw materials, will modify its existing renewables production capacity in Rotterdam, the Netherlands, to enable production of Sustainable Aviation Fuel (SAF). Currently the refinery produces mainly Neste MY Renewable Diesel™. The modifications to the refinery, an investment of approximately EUR 190 million, will enable Neste to optionally produce up to 500,000 to...

Neste to enable production of up to 500,000 tons of SAF at its Rotterdam facility Neste Press Release | April 29, 2021 Estimated reading time 3 minutes, 49 seconds. Neste, the world’s leading producer of renewable diesel and sustainable aviation fuel produced from waste and residue raw materials, will modify its existing renewables production capacity in Rotterdam, the Netherlands, to enable production of sustainable aviation fuel (SAF). Currently the refinery produces mainly Neste MY Re...

Neste to enable production of sustainable aviation fuel 4/29/2021 Neste, the worlds leading producer of renewable diesel and sustainable aviation fuel produced from waste and residue raw materials, will modify its existing renewables production capacity in Rotterdam, the Netherlands, to enable production of Sustainable Aviation Fuel (SAF). Currently the refinery produces mainly Neste MY Renewable Diesel. The modifications to the refinery, an investment of approximately EUR 190 million, will ena...

Sign up here for GlobalDatas free bi-weekly Covid-19 report on the latest information your industry needs to know. Finnish renewable diesel producer Neste has closed the acquisition of Bunge Loders Croklaan’s refinery plant located in Rotterdam, the Netherlands, for €258m ($310.7m) following regulatory approval. Located next to Neste’s existing biorefinery, Bunge’s refinery plant comprises a pretreatment facility, tank farm, jetties, and has a pipeline connection to Neste’s site. The ...

REFINERY NEWS ROUNDUP: European companies announce more clean fuel projects Finnish refiner and clean fuels producer Neste has identified Rotterdam in the Netherlands as the most likely site for its new “world scale” renewable products refinery, it said March 15. Neste also said a final investment decision for the project will be made either by the end of this year or early in 2022. “Based on the thorough studies and calculations, the overall cost of the investment is significantly lower ...

Neste chooses Rotterdam over Porvoo for billion-euro refinery The majority state-owned firm said building the facility in Rotterdam would be "significantly" cheaper than in Porvoo. Neste said despite the decision Finland was, and continued to be, its research, development and innovation hub. Image: Vesa Moilanen / Lehtikuva Majority state-owned oil company Neste has announced it will look to build a new renewable fuel facility in Rotterdam, saying it would be cheaper to build in the Dutch por...