Neste Oil Oyj : Neste Oil to invest in improving energy efficiency and
operational reliability at its Porvoo refinery
Neste Oil Corporation
26 April 2013 at 10 a.m. (EET)
Neste Oil to invest in improving energy efficiency and operational reliability
at its Porvoo refinery
Neste Oil is to invest a total of approx. EUR 42 million in improving the
energy efficiency and operational reliability of its Porvoo refinery. As part
of the investment, fired heaters at the refinery's crude distillation unit
will be replaced with new-generation heaters, which will help ensure more
consistent, incident-free operations at the site and yield annual energy
savings worth an estimated EUR 4 million.
"Our aim is to continually improve energy efficiency, and the new project will
further enhance energy usage at the Porvoo refinery, which is already one of
Europe's most energy-efficient refineries," explains Neste Oil's Senior Vice
President, Production and Logistics, Ilkka Poranen. "The investment will also
ensure good operational reliability and productivity at the refinery's crude
The project will begin immediately and the new heaters will be commissioned
during the refinery's next major maintenance turnaround scheduled for 2015.
Neste Oil's engineering subsidiary, Neste Jacobs, will act as the lead
contractor for the project.
Neste Oil Corporation
Director, Corporate Communications
Kari Kolsi, Refinery Manager, Porvoo, tel. +358 (0)10 458 2317
Neste Oil in brief
Neste Oil Corporation is a refining and marketing company concentrating on
low-emission, high-quality traffic fuels. The company produces a comprehensive
range of major petroleum products and is the world's leading supplier of
renewable diesel. Neste Oil had net sales of EUR 17.9 billion in 2012 and
employs around 5,000 people, and is listed on NASDAQ OMX Helsinki.
Neste Oil is included in the Dow Jones Sustainability World Index and the
Ethibel Pioneer Investment Register, and has featured in The Global 100 list
of the world's most sustainable corporations for many years. Forest Footprint
Disclosure (FFD) has ranked Neste Oil as one of the best performers in the oil
& gas sector. Further information: www.nesteoil.com
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Source: Neste Oil Oyj via Thomson Reuters ONE
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