Finland’s top refiner Neste Oil (NES1V.HE) expects its renewable diesel plant in Singapore to reach full capacity in six months, its chief executive said.
“It is a big refinery and we want to proceed slowly and see how it works and see if there are any bottlenecks,” Matti Lievonen told Reuters in an interview on Friday.
“It will take probably six months before full capacity will be reached. We are scaling up from 70,000 tonnes to 800,000 tonnes (annually),” he said.
Matti Lehmus will become the head of the new unit. He has been the head of the oil products business.
Neste said the new facility was the world’s largest renewable diesel plant, which it build at a cost of 550 million euros ($983.2 million).
“We’re very close to start-up,” Jarmo Honkamaa, deputy chief executive officer of Neste Oil, Finland’s only petroleum refiner, said yesterday in a telephone interview. “We’re well on time and within the budget” for the project, which uses plant and animal products as feedstock.
“We’re very close to start-up,” Jarmo Honkamaa, deputy chief executive officer of Neste Oil, Finland’s only petroleum refiner, said yesterday in a telephone interview. “We’re well on time and within the budget” for the project, which uses plant and animal products as feedstock.
The company expects to start its Rotterdam renewable diesel unit in the second quarter of 2011, he said.
