Explore more about the Neste refineries
Neste proceeds into execution phase in the MultiPLHY project
Neste is entering into execution phase with its partners in the MultiPLHY project, which aims at installing, integrating and operating the world's first high-temperature electrolyzer system in multi-megawatt-scale at the Rotterdam refinery to demonstrate production of green hydrogen for the refinery's processes.
Neste to receive funding from the EU Innovation Fund
The EU Innovation Fund has given a positive grant decision of EUR 88 million funding to Neste’s green hydrogen and CO2 capture & storage project, which aims to quickly and efficiently reduce greenhouse gas emissions at the Porvoo refinery in Finland.
Neste to sell its base oils business to Chevron
Neste has signed an agreement to sell its existing base oils business to Chevron Corporation, one of the world's leading integrated energy companies. As part of the divestment, the parties have also agreed on a long-term offtake for Neste’s base oils supply from Porvoo, Finland.
Neste is aiming for 100% renewable electricity use globally by 2023
Neste is committed to reaching carbon neutrality in its production by 2035. As part of this effort, Neste aims for 100% renewable electricity use globally by 2023. In order to proceed with this target, Neste will increase the use of wind power at its Porvoo refinery.
The possible next world scale renewable products refinery in Rotterdam
Neste announced in March 2020 an intention to increase its renewable products production capacity in Europe. The company has now concluded a thorough study phase concerning the two possible locations, Porvoo, Finland and Rotterdam, the Netherlands.