Neste Oil celebrates the grand opening of its renewable diesel refinery today in the Port of Rotterdam together with some 150 guests, including the Dutch Deputy Prime Minister and Minister for Economic Affairs, Agriculture and Innovation Mr. Maxime Verhagen, representative of the Finnish Government, and other political, governmental and business representatives.

The start-up of the Neste Oil's Rotterdam refinery took place in September 2011. The refinery produces premium-quality NExBTL renewable diesel, which is the cleanest and highest-quality renewable diesel on the market today outperforming traditional biodiesels and even the best fossil diesels. The refinery was completed on-schedule and on-budget and marks a major step forward in Neste Oil's cleaner traffic strategy. The refinery employs approximately 150 persons, the majority of which are Dutch.

"Through hard work and cooperation among nearly 15 partners we have built this Europe's largest and finest renewable diesel refinery in just two years. As a location, the Port of Rotterdam has fulfilled all our expectations. It is centrally located in terms of our product and feedstock flows as well as within close proximity to our key markets and customers in Europe. Also the other chemicals plants in the area offering numerous synergy opportunities. Talent pool in Rotterdam is absolutely first class. The government of the Netherlands as well as Dutch authorities played an important role in supporting Neste Oil's investment in a renewable fuels plant which has been one of the biggest investments in the Netherlands over the recent years," says Matti Lievonen, President & CEO of Neste Oil.

"This refinery represents a huge investment in our economy and provides a boost to sustainable growth. It will help the Netherlands realise its ambitions as a leader of the bio-based economy and a major biomass hub in Europe," says Maxime Verhagen, Dutch Deputy Prime Minister and Minister for Economic Affairs, Agriculture and Innovation.

ISCC-certified refinery helps meet growing energy needs with low emission renewable fuel

Neste Oil's refinery in Rotterdam has an annual production capacity of 800,000 metric tons or 1 billion liters of renewable diesel and cost around EUR 670 million to build. The annual volume produced in Rotterdam will be enough for more than half a million cars to run continuously on pure NExBTL. The emission benefits of the refinery's output will be equivalent of removing more than a quarter of a million cars from the roads. This means reducing greenhouse gases by a total of over 1.5 million tons annually. Like Neste Oil's three other NExBTL plants, the refinery in Rotterdam is ISCC-certified and capable of producing also renewable aviation fuel in the future.

Tags: Neste Oil Corporation