Neste Chooses Rotterdam To Build Renewable Products Refinery

Finnish renewable fuels producer Neste has selected Rotterdam in the Netherlands as the potential location for the construction of its new renewable products refinery. In a statement issued on 15th March, Neste said it opted for Rotterdam following a study which compared the relative merits of the Netherlands energy hub and another possible location, Porvoo in Finland.

The firm said that the site selection criteria include current markets and regulatory framework supporting market growth, raw material sourcing opportunities. Addressing their decision to go with Rotterdam, Peter Vanacker, President and CEO of Neste said ‘Based on the thorough studies and calculations, the overall cost of the investment is significantly lower in Rotterdam. Our decision relies on ensuring our future competitiveness and our renewables’ growth strategy execution.’ Neste has chosen Rotterdam because of the proximity of new markets for renewable aviation and renewable polymers and chemicals. Raw material sources are also closer to that location.

Neste plans to announce a final investment decision for renewable products refinery by the end of 2021 or early 2022.