Neste Oil Oyj will soon begin making low-emissions diesel at a 550 million-euro ($762 million) plant in Singapore, ramping up production of a fuel that may provide a third of earnings in two years, a company official said.
“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.