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Provider: Reuters Investment Profile
Provider: Thomson Reuters StreetEvents

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Neste Oil Oyj to Build Isomerization Unit at Porvoo Refinery

Monday, 4 Feb 2013 09:00am EST 

Neste Oil Oyj announced that it has decided to build an isomerization unit at its Porvoo refinery. The investment, valued at approximately EUR 65 million, is intended to increase the output of high-octane gasoline and improve refining flexibility at the site. The isomerization unit will have a capacity of 600,000 tons per year. Construction will begin in 2013 and the unit is due to come on stream in spring 2015. The project will generate 60 man-years of employment. The Company took the initial decision to make the investment in 2008, but announced in 2009 that it would postpone the project until the market situation improved. 

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-0.98 -5.05%
11:15am EST