Neste Oil starts up 800,000 t/year biodiesel plant in Singapore

15 November 2010 10:01  [Source: ICIS news]

SINGAPORE (ICIS)--Finland’s Neste oil has started up its 800,000 tonne/year renewable diesel plant in Singapore and will ramp up its run rate on a “phased basis”, the company said in a statement on Monday.

“The plant was completed on-schedule and on-budget and marks a major step forward in Neste Oil's clean traffic fuel strategy,” it said.

The plant cost around €550m ($753.4m) to build, the company said.

It would be mostly using palm oil as feedstock to produce its renewable diesel.

Neste Oil has a similar-sized facility under construction in Rotterdam, in the Netherlands, which is due to be commissioned in the first half of 2011, it said.

NExBTL renewable diesel is a premium fuel that is compatible with all diesel engines and existing fuel distribution systems, according to the company. The fuel could be blended with fossil diesel or used as such, the company said.

Neste Oil currently operates two renewable diesel plants that came onstream at Porvoo in Finland in 2007 and 2009 with a combined capacity of 380,000 tonnes/year, the company said.

 ($1 = €0.73)

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By: Nurluqman Suratman

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