13 June 2008 09:27 [Source: ICIS news]
MUMBAI (ICIS news)--Finnish biodiesel major Neste Oil plans to build an 800,000 tonne/year renewable diesel plant at Rotterdam in the Netherlands as part of the company’s strategy to become the world’s leading producer of renewable diesel fuel, it said on Friday.
The plant which is expected to cost €670m ($1.03bn) would be completed in 2011, the company said.
"Rotterdam is Europe's largest centre of petroleum products and chemicals production, and offers a wide range of dedicated services, as well as port facilities - all of which makes Rotterdam an ideal location for a NExBTL plant," said CEO Risto Rinne.NExBTL renewable diesel is based on Neste's proprietary technology, which can use a wide range of raw materials, offering product quality and can be used in all diesel engines, the company added.
The plant is to be built in the Maasvlakten area in the western part of the Port of Rotterdam. Its location close to other chemicals plants will offer a number of synergy opportunities with other facilities.
($1 = €0.65)
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