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    NESTE   FI0009013296

NESTE OYJ

(NESTE)
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Neste Oyj : Porvoo refinery is getting ready for the major turnaround

03/31/2021 | 04:50am EDT
Neste Corporation, Press Release, 31 March 2021 at 8.30 a.m. (EET)

Neste secures the safe and undisrupted operations of the Porvoo refinery in Finland with major turnarounds, executed approximately every five years. The Porvoo refinery major turnaround was originally planned for the spring 2020, but due to the coronavirus pandemic, the turnaround execution in planned scope was not possible and only the most critical maintenance works were completed in spring 2020.

After thorough planning work, the Porvoo refinery is preparing to execute a major turnaround starting in April. The duration of the turnaround is approximately 12 weeks. The shutdown of the process units will begin in stages on Monday 5 April 2021. After the maintenance work, the refinery is expected to be operating normally by the end of June.

In the major turnaround, the refinery is subject to regulatory inspections, maintenance works and selected asset improvement initiatives that are required for the refinery's operations. The total investments of the Porvoo refinery major turnaround are estimated to be around EUR 330 million.

"Major turnaround is a significant investment to secure safety, availability and competitiveness of the Porvoo refinery for the next operating cycle. During the turnaround, we will execute several investment projects related to the development of the refinery, including extensive asset, automation and electrification renewals," says Marko Pekkola, Executive Vice President, Oil Products.
In order to manage the pandemic situation during the turnaround, a detailed health security plan has been prepared. It defines the planned extensive measure to mitigate the impacts of the coronavirus. The measures include, for example, mandatory usage of face masks, keeping a safe distance and enhanced hand hygiene at the site, a negative test result prior to entering the site and regular testing during the turnaround, as well as effective monitoring of compliance throughout the turnaround.

"We at Neste are committed to arranging a safe working environment during the Porvoo major turnaround. In all turnaround related works, we ensure the health and wellbeing of our employees, suppliers and partners, especially during the exceptional corona pandemic situation. We work closely and in good cooperation with various authorities and follow the Finnish state and regional guidelines and requirements strictly," explains Hannele Jakosuo-Jansson, Senior Vice President, HR, HSSEQ and Procurement.

The turnaround will not affect the product deliveries to Neste's customers. The Neste harbour and distribution terminal in Porvoo are operating normally during the major turnaround.

Neste Corporation

Susanna Sieppi
Vice President, Communications

Images for media use

More information: Jori Sahlsten, Vice President, Production, Oil Products. Please contact Neste's media service, tel. +358 50 458 5076 / media@neste.com (weekdays from 8:30 a.m. to 4:00 p.m. (EET)).

Neste in brief

Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. We are the world's leading producer of renewable diesel and sustainable aviation fuel, developing chemical recycling to combat the plastic waste challenge. We aim at helping customers to reduce greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. As a technologically advanced refiner of high-quality oil products with a commitment to reach carbon-neutral production by 2035, we are also introducing renewable and recycled raw materials such as waste plastic as refinery raw materials. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world's most sustainable companies. In 2020, Neste's revenue stood at EUR 11.8 billion, with 94% of the company's comparable operating profit coming from renewable products. Read more: neste.com

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Neste Oyj published this content on 31 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2021 08:49:04 UTC.


© Publicnow 2021
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Sales 2021 12 812 M 15 256 M 15 256 M
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