Neste Oil Corp. from Finland announced plans to build a $1 billion plant at Rotterdam Maasvlakte. Construction of the plant will begin immediately and it is expected to be completed in 2011. Last year, the company announced plans for a similar plant in Singapore. The Rotterdam plant will have an annual capacity of 800,000 tons of renewable diesel fuel and will use palm oil, rapeseed oil and animal fat as raw materials.
Neste has said that by 2020 it aims to use only non-food raw materials. ''Neste Oil is cooperating with over 20 universities and research institutions globally as part of this program,'' the company said. ''Both plants (Singapore, Rotterdam) are linked to Neste Oil's goal of becoming the world's leading producer of renewable diesel fuel.'' The new fuel offers up to 60-percent lower greenhouse gas emissions than conventional fossil diesel, Neste Oil said. The plant will have about 100 permanent employees when it is completed.
Neste Oil, based in Espoo, near Helsinki, is a refining and marketing company focusing on advanced, clean traffic fuels with net sales of 12.1 billion euros ($18.6 billion) in 2007. It has 5,100 employees, mostly in Finland, but also has operations in Russia, the Baltic states and Poland.
Neste has said that by 2020 it aims to use only non-food raw materials. ''Neste Oil is cooperating with over 20 universities and research institutions globally as part of this program,'' the company said. ''Both plants (Singapore, Rotterdam) are linked to Neste Oil's goal of becoming the world's leading producer of renewable diesel fuel.'' The new fuel offers up to 60-percent lower greenhouse gas emissions than conventional fossil diesel, Neste Oil said. The plant will have about 100 permanent employees when it is completed.
Neste Oil, based in Espoo, near Helsinki, is a refining and marketing company focusing on advanced, clean traffic fuels with net sales of 12.1 billion euros ($18.6 billion) in 2007. It has 5,100 employees, mostly in Finland, but also has operations in Russia, the Baltic states and Poland.