02 May 2013

Neste Oil begins preparations for modernizing energy generation at Porvoo - environmental impact assessment process initiated

Published in Releases and news

Neste Oil Corporation
Press release
2 May 2013 at 9 a.m (EET)

Neste Oil begins preparations for modernizing energy generation at Porvoo - environmental impact assessment process initiated

Neste Oil is preparing to modernize its energy generation capabilities at the Porvoo refinery over the next 10 years. Some of the existing generating facilities at the site are approaching the end of their planned service life and Neste Oil has initiated a planning process aimed at replacing them with new units that will comply with future emission and energy efficiency requirements.

The options being studied include continuing the use of natural gas and refinery sidestreams, as well as increasing the use of biofuels. Detailed engineering for the revamp will start later, and Neste Oil expects to take the first investment decisions needed in 2014 at the earliest. The new units will probably be commissioned on a phased basis and are expected to be fully operational by the end of 2023.

The total output of the refinery's power plant currently stands at approx. 900 MW, of which 480 MW of capacity is scheduled for replacement. The plant supplies energy to both Neste Oil's refinery and other companies based in the Kilpilahti industrial area.

Public environmental impact assessment begins

The Uusimaa Centre for Economic Development, Transport and the Environment will launch a public environmental impact assessment (EIA) covering the project. This will focus on evaluating the environmental impact of the proposed alternative generating modes and collecting data for the decision-making process, and will provide an opportunity for local people to take part and make their voice heard. The EIA will begin on 2 May and will last around a year.

The EIA program can be found in electronic format in Finnish at www.ely-keskus.fi/uusimaa/yva > Vireillä olevat YVA-hankkeet. Material on the EIA process can also be found in Finnish at Neste Oil's Web site: nesteoil.fi > Yritysinfo > Tuotantolaitokset > Porvoon jalostamo.

A public meeting on the EIA will be held on Monday 27 May at 18.00-20.00 EET at Kulloonlahdentie 17.

Neste Oil Corporation

Kaisa Lipponen
Director, Corporate Communications

Further information:

Jussi Hintikka, Energy Director, tel. +358 (0)50 458 4799
Outi Piirainen, Specialist, Environmental Regulations , tel. +358 (50) 458 3925 (EIA process)

Neste Oil in brief
Neste Oil Corporation is a refining and marketing company concentrating on low-emission, high-quality traffic fuels. The company produces a comprehensive range of major petroleum products and is the world's leading supplier of renewable diesel. Neste Oil had net sales of EUR 17.9 billion in 2012 and employs around 5,000 people, and is listed on NASDAQ OMX Helsinki.

Neste Oil is included in the Dow Jones Sustainability World Index and the Ethibel Pioneer Investment Register, and has featured in The Global 100 list of the world's most sustainable corporations for many years. Forest Footprint Disclosure (FFD) has ranked Neste Oil as one of the best performers in the oil & gas sector. Further information: www.nesteoil.com