uncategorized ยท 8/13/2010

Production restarting at the Naantali refinery following electrical supply problems

Neste Oil Corporation
Press Release
13 August 2010 at 15.30 (EET)

Production restarting at the Naantali refinery following electrical supply problems

Following a problem with the electricity supplied from the Finnish national grid on the evening of Thursday, August 12 and the resulting shutdown of process units at Neste Oil's Naantali refinery, fire broke out in two of the site's units, but was quickly extinguished.

Preparations for restarting production are now under way, and it is anticipated that refining at the site will return to normal within a couple of days when the steam supply from an outside provider is restored. Some damage has been identified in one of the refinery's units, and repairing this could take over a week, however. Neste Oil currently estimates that the loss in production resulting from the incident is likely to run into a few hundred thousand euros. The incident will not have an impact on fuel deliveries supplied by the refinery, with the exception of LPG, which will now be supplied from the Porvoo refinery.

The fire did not cause any injuries to the site's personnel, and no oil or other products leaked into the ground or were discharged into the sea.

Neste Oil Corporation
Hanna Maula
Director, Corporate Communications

Further information:
Kimmo Koskihaara, Acting General Manager, Naantali refinery, tel. +358 (0)10 458 6579
Ilkka Poranen, Senior Vice President, Production & Logistics, tel. +358 (0)10 458 5070

Neste Oil in brief

Neste Oil Corporation is a refining and marketing company concentrating on low-emission, high-quality traffic fuels. The company is the world's leading supplier of renewable diesel. Neste Oil's refineries are located in Porvoo and Naantali and have a combined crude oil refining capacity of approx. 260,000 barrels a day. The company had net sales of EUR 9.6 billion in 2009 and employs around 5,100 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 awarded 'Best in Class' recognition for its social accountability by Storebrand. The company is also featured in the Ethibel Pioneer Investment Register and included in Innovest's 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: