Neste Oil to make significant safety-related investments at its Porvoo and Naantali refineries

Neste Oil Oyj
Lehdistötiedote
3 October 2011 at 3.00 pm (EET)

Neste Oil to make significant safety-related investments at its Porvoo and Naantali refineries

Neste Oil is to invest approximately 60 million euros in 2012 to improve safety at its Porvoo and Naantali refineries.

Investments will focus on further improving process, fire, and personnel safety by modernizing process automation and automated safety systems. The latter are autonomous systems that are capable of automatically taking over control of a process in the event of equipment malfunction, for example, and ensuring that operations remain safe at all times.Two process furnaces will also be replaced at Naantali, and new, safer office space for personnel will be built at Porvoo and the fire water system improved.

"Safety is a very important issue for us and one that we give constant priority to," says Jonas Liimatta, Neste Oil's Manager, Process, Occupational and Fire Safety. "It is very important that we have modern and efficient systems in place to ensure safe operations. We also give extensive and proactive safety training both to our own personnel and our contractors as part of our commitment to creating an industry-leading safety mindset at Neste Oil."

Neste Oil's new automation and safety systems will be supplied by Finnish-based Metso, with which Neste Oil has recently signed a new framework contract.

"We have worked closely with Metso in developing our systems and now continue doing so," says Liimatta.

Neste Oil Corporation

Hanna Maula
Director, Corporate Communications

For further information:
Jonas Liimatta, Manager, Process, Occupational and Fire Safety, tel. +358 (0)50 458 6200

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. The company had net sales of EUR 11.9 billion in 2010 and employs around 5,000 people. Neste Oil's share is listed on the NASDAQ OMX Helsinki.

Neste Oil has been selected into the Dow Jones Sustainability World Index and is also featured in the Ethibel Excellence investment register. The company is included in The Global 100 list of the world's most sustainable corporations. Forest Footprint Disclosure (FFD) has ranked Neste Oil as the best performer in the oil & gas sector. Further information: www.nesteoil.com.