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Neste Oil expects to complete repairs on Porvoo refinery by the end of October


Published Sep 2, 2014
Neste Oil

Neste Oil expects to complete repairs on the damaged hydrogen unit at Porvoo by the end of October; guidance for 2014 revised

Neste Oil expects that repair work on the damaged hydrogen production unit at its Porvoo refinery will take until the end of October to be completed.

The damage to the unit, one of two at the site, has resulted in reduced output and required the shutdown of Production Line 4, which produces diesel.

The incident is projected to have an impact totaling approximately EUR 60 million on the company's comparable operating profit for 2014, comprising approx. EUR 50 million in lost output and approx. EUR 10 million in repair costs.

Tags: Neste Oil Corporation




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