uncategorized · 3/24/2014

Neste Oil's plan to modernize its power plant at Porvoo progresses - environmental impact assessment report completed

Neste Oil Corporation
Press release
24 March 2014 at 10.00 a.m. (EET)

Neste Oil's plan to modernize its power plant at Porvoo progresses - environmental impact assessment report completed

The environmental impact assessment (EIA) report on Neste Oil's project to modernize its power plant at the Porvoo refinery has been completed. The project covers the company's plan to replace the older generating facilities at the refinery with new ones and enable it to comply with future emission and energy efficiency requirements. The new units, which could be built on a phased basis, are expected to be fully operational by the end of 2023. The Uusimaa Centre for Economic Development, Transport and the Environment acted as the official agency for the EIA process.

The EIA report contains details on the various alternatives proposed as part of the project and an evaluation of their environmental impact. Three alternatives were reviewed in terms of their potential impact. The report indicates that all three alternatives have positive environmental impact, as the renewal of the power plant would mainly reduce the current emissions.

Comments and views on the EIA report can be lodged between now and 5 May, and should be sent in writing to the Uusimaa Centre of Economic Development, Transport and the Environment.

A public meeting on the EIA report will be held on Monday, 28 April 2014 at 18.00-20.00 EET at Kulloonlahdentie 17.

Read the press release issued on 2 May 2013.

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 17.5 billion in 2013 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: