Neste Oil Oyj : Illa International LLC and Neste Jacobs intend to co-operate in the phenol process business

 Neste Oil Oyj : Illa International LLC and Neste Jacobs intend to co-operate
                        in the phenol process business

Neste Jacobs
Press release
29 April 2013 at 13 p.m (EET)

Illa International LLC and Neste Jacobs intend to co-operate in the phenol
process business

Illa International LLC (ILLA) and Neste Jacobs Oy have agreed to develop a
combined offering in phenol and acetone production technologies, engineering
and project services.

Together, the companies intend to offer petrochemical companies an integrated,
cost-competitive "one-stop-shop" approach for the purposes of revamping
outdated and developing new phenol process facilities.

ILLA's scope will include licensing and Basic Engineering for their
proprietary technology and know-how while Neste Jacobs scope will include
Front End Engineering Design and Implementation Service as well as support of
ILLA in development of Process Design Packages. ILLA has in its possession
best available technologies in phenols and Neste Jacobs has strong references
in implementing process development and investment projects in phenol and
acetone business.

ILLA and Neste Jacobs see significant market potential in revamping and
modernization of existing production facilities as well as in construction of
new facilities.

"We are excited about this new co-operation with Illa. I am sure that
together, we will make a good team serving customers throughout our regions,"
says Jarmo Suominen, Managing Director of Neste Jacobs.

"I am glad that we have found Neste Jacobs as our co-operation partner. Their
expertise in process engineering and investment projects will ensure a strong
co-operation, which will help all the parties in their businesses", says Ilya
Kuchuk, President of Illa International LLC.

Neste Jacobs Oy

Jarmo Suominen
Managing Director

For further information, please contact:
Jarmo Suominen, Managing Director, Neste Jacobs Oy, tel +358 50 458 3399
Ilya Kuchuk, President, Illa International LLC, tel +1 847 913 5861 and +7 812
449 0855

Neste Jacobs in brief
Neste Jacobs is a preferred solution provider of high-quality technology,
engineering and project services for a wide range of industries in the oil and
gas, petrochemicals, chemicals and biotechnology fields. We have more than 50
years of experience in technology development and industrial investment
projects as well as maintenance and performance improvement in Europe, North
and South America, Asia and the Middle East. In addition to the Nordic
countries we are looking to grow in the expanding markets of the Middle East
and Russia in particular. We employ some 1.000 professionals globally.

ILLA in brief
ILLA International, LLC, a U.S. company, is a professional research and
engineering team who has been in the phenol business for over 30 years and has
become a worldwide leader in phenol technology. The total phenol capacity
based on ILLA's technologies approaches 30% of the worldwide phenol
production. ILLA International has been successful in implementing its
proprietary technologies at phenol plants all over the world, including large
and medium capacity plants such as INEOS (Germany, Belgium, USA), SABIC
(former General Electric (USA)), FCFC (Taiwan), and Borealis (Finland), and
small capacity plants in Mexico and Russia. For its clients, ILLA performs a
wide range of services, including: laboratory research and process
simulations, baseline studies and troubleshooting of ongoing operations at
existing phenol plants, provision of basic engineering design (PDP/BEP)
followed by implementation and start-up of the process. Our intellectual
property is covered with many patents (totally over 130 patents and additional
pending applications).


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Source: Neste Oil Oyj via Thomson Reuters ONE
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