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Neste to Double Renewable Fuels Output Next Year

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Finland’s Neste is targeting a near doubling of current renewable diesel and sustainable aviation fuel (SAF) production capacity to 5.5 million metric tons/yr by the end of 2023 when its Singapore expansion project reaches full capacity and a deal to convert Marathon Petroleum’s Martinez refinery in California to run on waste oil feedstock comes to fruition. Neste’s Rotterdam refinery expansion project will add another 1.3 million tons/yr of capacity from early 2026, when output from the plant will reach 2.7 million tons/yr, including 1.2 million tons/yr of SAF. Mindful of the battle to secure feedstocks as its hydrotreated esters and fatty acids production capacity increases, the firm has just bought Irish animal fats trader Walco Foods. This week also saw the low-carbon fuels producer sign a commercial deal with Greece's Hellenic Petroleum to supply Neste SAF to Aegean and other carriers at Greece's Thessaloniki and Athens International airports.

Topic:
Biofuels (incl. SAF)
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