Neste Corporation has made the final investment of €1.9 billion ($2 billion) into new renewable products production capacity at the Port of Rotterdam, as customers’ demand for sustainability grows. The company is looking to start up the new production unit during the first half of 2026. “It marks an important step in ensuring our future competitiveness and our renewables’ growth strategy execution as it will bring a substantial amount of renewable diesel, SAF and renewable feedstock for polymers and chemicals to our sustainability-focused customers." said Matti Lehmus, President and CEO of Neste. Earlier this month, OCI N.V announced a final investment decision (FID) for the first phase of its ammonia import terminal expansion project at the Port of Rotterdam. The terminal acts a hub for hydrogen imported in the form of ammonia from regions with ample natural gas and renewable resources such as the Middle East and North Africa to meet Europe’s expected future hydrogen deficit.

Posted by Rafał Frączek at 2022-07-05 05:35:00 UTC