uncategorized ยท 3/23/2015

The largest maintenance turnaround in history to be started at Neste Oil's Porvoo refinery

Neste Oil Corporation

Press release

23 March 2015 at 1 p.m (EET)

The largest maintenance turnaround in history to be started at Neste Oil's Porvoo refinery

Porvoo refinery

Neste Oil's Porvoo refinery will be stopped for the planned maintenance turnaround in April 2015. The major turnaround of nearly EUR 100 million involving 4,500 employees is the largest in the refinery's history.

The turnaround will be started by unit shutdowns after Easter and will take approximately eight weeks. During the major turnaround Neste Oil will sell products from its storage. The refinery's oil terminal and road transportation of products will operate normally during the turnaround.

Regular maintenance turnarounds every four to five years play an important part in keeping operations at Neste Oil's refineries safe and running at peak efficiency. Statutory pressure vessel inspections and maintenance also call for shutdowns at regular intervals. The previous major turnaround at the Porvoo Refinery took place in 2010.

In connection with this spring's turnaround, investment projects related to the development of the refinery will also be carried out, such as the installation of new furnaces in the crude oil distilling unit and the significant replacement of automation in several areas. In addition, a number of connections will be prepared for upcoming investment projects.

The turnaround is estimated to involve close to a million man-hours of work and will employ some 3,500 people from outside contractors on site.

Neste Oil Corporation

Kaisa Lipponen

Director of Corporate Communications

More information about the maintenance turnaround: Jukka Kanerva, Vice President, Production, tel. +358 50 458 7489

Neste Oil in brief

Neste Oil Corporation is a refining and marketing company specializing in high-quality fuels for cleaner traffic. The company produces all of the most important oil products and is the world's leading supplier of diesels made of renewable raw materials. In 2014, the company's net sales stood at EUR 15 billion, and it employs some 5,000 people. Neste Oil shares are listed on the NASDAQ Helsinki.

Neste Oil has been accepted into the Dow Jones Sustainability World Index. The company has also been on the Global 100 list of sustainable companies for several years in succession. CDP Forest has selected Neste Oil as one of the best companies taking care of their forest footprint in the oil and gas industry.