NESTE OYJ Neste Corporation
Press Release
11 April 2016 at 1 pm. (EET)
CO2 recovery plant started commercial operation at Neste's refinery in Singapore
A carbon dioxide (CO2) recovery and liquefaction plant built at Neste's renewable products refinery in Singapore has started commercial operation. Since the completion of its construction at the end of 2015 and start-up at the end of March 2016, the plant has been recovering the CO2-containing crude gas that is released as a by-product of Neste's renewable fuel refining process. The recovery of CO2 is expected to cut Neste's Singapore refinery's CO2 emissions significantly at an annual level, while simultaneously increasing the refinery's resource efficiency and decreasing the carbon footprint of the renewable products that Neste produces in Singapore.
The CO2 recovery plant was started up on March 28th, after which it has been recovering on average 35 to 40 tons of CO2 on a daily basis. The plant is expected to reach full production capacity during fall 2016. Neste estimates to supply the plant approximately 30,000 tons of carbon dioxide-containing crude gas annually.
The CO2 recovery plant is located at Neste's Singapore refinery in the Tuas industrial area. The plant was constructed and it is operated by Neste's Singaporean partner Leeden National Oxygen Ltd (LNOX), a subsidiary of Taiyo Nippon Sanso Corporation from Japan.
"Neste is proud of the excellent co-operation with LNOX offering not only an avenue to effectively utilize the by-products of the refining process, but also enabling us to decrease both the carbon footprint of our refinery as well as that of our renewable products," explains Bart Leenders, Vice President Production, Renewable Products at Neste.
"LNOX is excited about the long-term and promising partnership with Neste Singapore and aims to enable both companies to enhance energy efficiency in their business, as well as to increase their operational yields in the course. Currently the recovered CO2 is utilized, for example, as raw material for welding gas, but we also plan to certify it to be used as a food grade product," elaborated Simon Sim from LNOX.
Neste Corporation
Kaisa Lipponen
Director, Corporate Communications
More information:
Bart Leenders, Vice President Production, Renewable Products, Neste, tel. +31 181 35 4100
Simon Sim, Vice President, Gas Operations, LNOX, tel. +65 6663 0551
Neste in brief
Neste is a pioneer in oil refining and renewable solutions. We provide our customers with premium-quality products for cleaner traffic and industrial products based on world-class research. We are the world's leading producer of renewable diesel, and our annual production capacity is more than 2 million tons. We also are the world's largest company providing renewable fuel from waste and residues. Our sustainable operations have received recognition in the Dow Jones Sustainability World Index and the Global 100 list of the world's most sustainable companies, among others. Our net sales for 2015 amounted to approximately EUR 11 billion, and our shares are listed on NASDAQ Helsinki. Cleaner traffic, energy and life are moved forward by about 5,000 professionals. More information: neste.com/en
LNOX In brief
Established in 1964, Leeden National Oxygen Ltd is Asia's leading integration specialist in welding, gas and safety. From the assessment of unique welding requirements, selection of products, to the provision of comprehensive gas solutions, installation of industrial gas systems, and recommendation of effective safety strategies, LNOX utilises the latest technologies in the market to offer tailor-made solutions for our customers to suit their specific requests. From upstream to packaged gas, LNOX provides a highly comprehensive range of gases, gas-related products and engineering services. LNOX is a member of Taiyo Nippon Sanso Corporation (TNSC), a leading global industrial gas manufacturer in Japan with an extensive international network that spans across the globe, including countries in Europe, North America, Asia and Oceania and net sales amount for 2015 was approximately USD 5.1billion. More information: Leedennox.com
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Neste Oyj via Globenewswire
