Neste Oil making a major environmental investment at its refinery harbor in Porvoo

Neste Oil Corporation
Press release
22 November 2011 at 1 pm (EET)

Neste Oil making a major environmental investment at its refinery harbor in Porvoo

Neste Oil is building a system for recovering emissions released when loading ships at the harbor of its Porvoo refinery. The system, valued at approx. EUR 23 million, will recover the majority of the volatile organic compounds (VOCs) released into the atmosphere when loading gasoline.

The new facility will reduce the refinery's overall hydrocarbon emissions significantly as gasoline loading at the refinery's harbor are the site's single largest source of VOC emissions. The latter form ozone in the lower atmosphere when they react with NOx in the presence of sunlight. Ozone is harmful to people, flora, and fauna.

"Thanks to the new system, we will be able to further reduce our environment footprint and also ensure that harbor personnel benefit from a cleaner working environment," says Niko Ristikankare, Neste Oil's Vice President, Shipping and Terminals.

The new system will reabsorb VOCs into gasoline during loading with the help of two absorption tanks and related equipment at the harbor, after which the gasoline used will be returned to the refinery for re-use. A similar system is already in use when loading tanker trucks at the Porvoo refinery's distribution terminal.

Construction work on the VOC recovery system began in October and the facility is due to be commissioned in the latter half of 2013.

Neste Oil Corporation
Hanna Maula
Director, Corporate Communications

Further information:
Niko Ristikankare, Vice President, Shipping and Terminals, tel. +358 (0)10 458 4988

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.