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Neste studying transitioning Porvoo refinery to a renewable & circular site; ending crude oil refining in mid-2030s

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Building on its capability of proactive transformation, Neste has initiated a strategic study on transitioning its refinery in Porvoo, Finland to non-crude oil refining and into a globally leading renewable and circular solutions site. The refining capacity of crude oil is approximately 10.5 Porvoo refinery. million ton/a.

Oil 259
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Neste providing companies in Finland a service for monitoring transport fuel emissions

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Neste is the first company in Finland to provide a service for companies and other organizations to monitor their climate emissions caused by the use of transport fuels. Road transport accounts for more than 90% of the total transport emissions in Finland. —Heidi Peltonen.

Finland 186
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OMV says it will stop oil and gas production by 2050 in transformation to net-zero

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Austria-based OMV, an international, integrated oil, gas and chemicals company, announced its intention to become a net-zero (Scope 1, 2 and 3) company by no later than 2050. The gradual decline foresees a decrease in crude oil production by around 30% and natural gas production by around 15% by 2030.

Oil 465
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Neste introduces co-processed marine fuel in partnership with Nordic Marine Oil; up to 80% GHG emission reduction

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Together with its partner Nordic Marine Oil, Neste is piloting a new Neste Marine 0.1 Co-processed marine fuel is produced at Neste’s refinery in Porvoo, Finland, where renewable raw materials are co-processed (cracking, distillation, hydrotreating) with fossil raw materials in the conventional refining process. Neste Marine 0.1

Mariner 186
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UPM and WWF Finland co-operate to promote the sustainability of wood-based liquid biofuels

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Finland-based bio and forest industries company UPM and WWF Finland have engaged in a dialogue on the status of wood-based liquid biofuels in Finland and present a list of joint measures to be carried out to promote sustainability. —Liisa Rohweder, CEO of WWF Finland. Earlier post.).

Finland 231
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VTT and partners to assess bio- and waste-based oils suitable for power plants and ships; BioFlex project

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In a three-year Business Finland BioFlex project, VTT—the Finnish state-owned research agency—and partners are exploring how suitable fuel oils made from biomass and waste plastics are for power plants and ship diesel engines. We are also conducting experiments to examine the suitability of the oils for applications.

Waste 170
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Cellunolix sawdust to ethanol plant to be built in Finland

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North European Bio Tech Oy (NEB) has made an investment decision concerning the construction of a bioethanol plant on the Renforsin Ranta industrial estate in Kajaani, Finland. million gallons) of bioethanol per year, will be leased to North European Oil Trade Oy (NEOT), which engages in oil and bioproduct wholesale trade.

Finland 231