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Business Finland awards €27.7M to Neste for Porvoo refinery green hydrogen projects

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Business Finland awarded Neste with a public funding of €27.7 million for green hydrogen projects at Neste’s refinery in Porvoo, Finland, aiming to develop solutions for renewable hydrogen production. In Finland, the EU application process has been coordinated by the Ministry of Economic Affairs and Employment and Business Finland.

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Review of co-processing of biocrudes in oil refineries

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Liquid intermediates from pyrolysis and hydrothermal liquefaction (HTL) can be co-processed in an oil refinery along with conventional crude oil. After pyrolysis, the vapors are condensed to give a dark brown fast pyrolysis bio-oil (FPBO). In fast pyrolysis, biomass is quickly heated to around 500 °C in the absence of oxygen.

Oil 448
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Green NortH2 Energy receives €2.3M in R&D funding from Business Finland for the development of green hydrogen and ammonia production

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Business Finland has awarded €2.3 With the loan, the Finland-based company is developing a green hydrogen and ammonia production concept. Besides ammonia, it can be powered by bio oil or MDO. million in R&D funding to Elomatic Oy’s project development company Green NortH2 Energy.

Finland 259
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Refineries in the Americas produce a greater share of gasoline per barrel of crude oil than refineries in other world regions

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The International Energy Agency’s Monthly Oil Statistics shows that there are differences in refinery output throughout the world. Source: International Energy Agency, Monthly Oil Statistics, February 2020, Paris, France., When processing petroleum, refineries can produce products in varying amounts to meet regional demands.

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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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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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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