Neste celebrates 15 years of refining in Singapore and 60 years in Porvoo

Neste Corporation, News, 3 November 2025



Photo: In 2025, Neste’s renewables refinery in Singapore celebrates 15th anniversary since start-up and Neste’s Porvoo refinery in Finland 60th anniversary since start-up. Source: Neste

Neste has been transforming from a local oil refiner in Finland to a global frontrunner in renewable and circular solutions. Today, Neste is the world's leading producer of sustainable aviation fuel (SAF) and renewable diesel, enabling its customers across a variety of sectors to reduce their greenhouse gas emissions by replacing fossil fuels with Neste’s renewable solutions.

This year, Neste marks two significant milestones: the 15th anniversary of its renewable products refinery in Singapore and the 60th anniversary of its Porvoo refinery in Finland, showcasing a legacy of refining that has grown from local operations to make a global impact.

15-year-old state-of-the-art Singapore refinery, a crucial hub in global operations

Neste's investment in the Singapore refinery marked a pivotal milestone as the company’s first major renewable products focused investment in Asia and outside of Finland. In 2010, Neste’s refinery in Singapore commenced operations as the world's largest renewable diesel refinery. 

A subsequent expansion in 2023 integrated sustainable aviation fuel (SAF) production capabilities into the refinery operations, elevating the total production capacity of renewable products to 2.6 million tons annually, encompassing renewable diesel, SAF, and renewable raw materials for polymers and chemicals. 

Investments in Singapore have solidified Neste's role as a significant global player in renewable fuels, enhancing its global footprint and strengthening ties with its Asia-Pacific customers.

“The Singapore refinery's 15th anniversary is a testament to Neste’s refining expertise and the dedication of our talented employees in Singapore. Their commitment to pioneering renewable solutions and our strategic growth in the region make this refinery a cornerstone of our global operations, giving us an advantage in global competition and enabling us to continue helping our customers to reduce their greenhouse gas emissions,” says Jukka Kanerva, Senior Vice President, Refining, Renewable Products at Neste.

60-year-old Porvoo refinery, a cornerstone of Neste’s innovative refining

Neste’s Porvoo oil refinery in Finland began operations in 1965 with the purpose to secure Finland’s oil supply. After its expansion, it became the largest oil refinery in the Nordics already in the 1970s. 

The basis for Neste’s fuel innovations was built at the Porvoo refinery. Lead-free and sulfur-free fuels were Neste’s first steps towards improving products' environmental performance, and in the 1990s, Neste’s NEXBTL technology for renewables production was developed and NEXBTL refining units started-up in 2007 and 2009 at the Porvoo refinery.

“The Porvoo refinery is one of the most complex refineries in Europe. It was built that way to ensure flexibility in producing more than 100 products from a variety of raw materials, including different crude oil qualities. Now 60 years after its start-up, Neste proudly showcases a very unique oil refinery with the capability of processing not only crude oil but also renewable and recycled raw materials”, says Jori Sahlsten, Executive Vice President of Oil Products at Neste. 

“We want to thank our customers and partners for collaborating with us to develop high-quality products for diverse sectors and applications. Above all, we are incredibly proud of our teams, whose expertise and commitment ensure that our refineries continue to serve Neste customers worldwide for years to come,” Jori Sahlsten and Jukka Kanerva state about the refineries’ achievements.

Further information: Please contact Neste's media service, tel. +358 800 94025 / media@neste.com (weekdays from 8.30 a.m. to 4.00 p.m. EET). Please subscribe to Neste’s releases at https://www.neste.com/media/subscribe. 

Neste in brief

Neste (NESTE, Nasdaq Helsinki) creates solutions for mitigating climate change and accelerating a shift to a circular economy. The company is the world’s leading producer of sustainable aviation fuel (SAF) and renewable diesel, enabling its customers to reduce their greenhouse gas emissions. Neste refines waste, residues and other renewable raw materials to high-quality renewable fuels at its refineries located on three continents. The company’s annual renewable fuels production capacity will be increased to 6.8 million tons in 2027. 

Neste has high standards for sustainability and the company has consistently been recognized by several leading sustainability indices. In 2024, Neste's revenue stood at EUR 20.6 billion. Read more: neste.com