Finnish Neste Oil inaugurates biodiesel plant in Netherlands
Dec 20, 2011 - Finnish oil refiner Neste Oil Oyj (HEL:NES1V) today officially opened its EUR-670-million (USD 512.5m) biodiesel refinery in Rotterdam in the Netherlands.
The facility was completed in time and within budget and started operating in September. The plant has an annual biodiesel production capacity of 800,000 tonnes (1 billion litres), enough to offset some 1.5 million tonnes of carbon dioxide emissions a year, Neste Oil said.
The refinery can process various feedstock including vegetable oils, by-products of vegetable oil refining, waste oils and fats as well as future feedstock such as algae oil.
Neste Oil has one operational biodiesel plant in Singapore and two in southern Finland. The new plant brings the company's total biodiesel production capacity to some 2 million tonnes a year.