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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. Green NortH2 Energy intends to set up the first green ammonia production plant in Naantali. Besides ammonia, it can be powered by bio oil or MDO.

Finland 259
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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. This grant will have a significant impact on advancing our green hydrogen projects in today’s challenging business environment.

Finland 210
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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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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. OMV’s plan foresees emission reduction targets of 30% in operations (Scope 1 & 2) and a 20% reduction target in the product portfolio (Scope 3) for 2030.

Oil 465
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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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When processing petroleum, refineries can produce products in varying amounts to meet regional demands. 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.,

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Production of renewable diesel restarted at the expanded part of Neste’s Singapore refinery after operational shutdown

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The production of renewable diesel at Neste’s Singapore refinery expansion has been restarted in early August, according to the company’s plans. The production line at the expanded part of the refinery was shut down in June for unexpected equipment repairs. Co-processed fuel is available in Denmark and Finland. Neste Marine 0.1

Singapore 368
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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