uncategorized · 4/7/2008

The maintenance shutdown at PL 4 at Porvoo will continue through may

The fire that took place at Neste Oil's production line 4 at the Porvoo refinery on Friday 4 April will delay the completion of the line's maintenance shutdown through May. The line, which was commissioned in summer 2007 and concentrates on diesel production, had just been prepared for a planned partial maintenance shutdown prior to the fire. This work was due to take place in April. Lost production resulting from the extended shutdown and the repair costs are expected to total approximately 40 million euros.
The fire was the result of a leakage in a heat exchanger and lasted some 50 minutes. The fire damaged cabling and the table-top of the line's distillation column.
Scheduled maintenance work on other units at the Porvoo refinery will also take place during April. Neste Oil's petroleum product deliveries will not be affected by maintenance work.

For further information, please contact:
Mr. Jorma Haavisto, Executive Vice President, Oil Refining, tel. +358 (0)10 458 4500.

Neste Oil Corporation

Osmo Kammonen
Senior Vice President, Corporate Communications

Neste Oil in brief
Neste Oil Corporation is a refining and marketing company concentrating on clean, high-quality traffic fuels. The company pursues growth in both oil refining and high-end renewable diesel production. Neste Oil refineries are located in Porvoo and Naantali, and their combined crude oil refining capacity is about 260,000 barrels a day. The company's net sales in 2007 was EUR 12,103 million and it employs about 5,100 people. Neste Oil's share is listed on the Nordic Stock Exchange in Helsinki.