Neste has completed the strategic study launched in September 2022, and begins a gradual transformation of its crude oil refinery in Porvoo, Finland into a leading renewable and circular solutions refining hub. The planned transformation will proceed in phases, and requires multiple separate investment decisions during the next decade before targeted completion in the mid 2030s.
Neste announced its final investment decision on additional renewable products production capacity in Singapore in December 2018. The EUR 1.6 billion Singapore Expansion project has been successfully completed, the start-up of the refinery expansion has been completed after mid-April, and Neste is celebrating its opening today. The Singapore refinery expansion doubles Neste's production capacity in Singapore and brings the refinery's total capacity to 2.6 million tons annually of which up to one