Neste Corporation Press Release 26 June 2018 at 9 am (EET)
Neste Oyj and Borealis Polymers Oy, in co-operation with the energy companies Fortum Power and Heat Oy, Helen Oy, Vantaan Energia Oy and Porvoon Energia Oy – Borgå Energi Ab, will conduct a preliminary study on recovering and utilizing excess heat generated at the Neste and Borealis industrial manufacturing facilities in Kilpilahti. The study will focus on the technical and economic impacts of recovering excess heat at these facilities and recirculating it into district heating systems in Porvoo and the Helsinki metropolitan region.
The two facilities located in Kilpilahti produce a significant amount of low-temperature excess heat, but no cost-effective solution exists to recirculate the energy. As technologies keep developing and companies are looking for solutions to reduce the carbon footprint of their heat generation, it is the right time to research the feasibility of heat recovery.
The preliminary study will be conducted by Neste Engineering Solutions Oy in co-operation with Gaia Consulting Oy, and the two parties expect to release study results in spring 2019.
Director, Corporate Communications
Borealis Polymers Oy: Jari Salonen, Energy Manager, tel. +358 50 379 4452
Fortum Oyj: Ilkka Toijala, Head of District Heating and Cooling, tel. 358 40 820 2336
Helen Oy: Harri Mattila, Senior Vice President, tel. +358 50 559 2913
Neste Oyj: Jussi Hintikka, VP, Energy, tel. +358 50 458 4799
Porvoon Energia Oy: Jukka Rouhiainen, Development Director, tel. +358 40 334 6638
Vantaan Energia Oy: Marko Ahl, Production Director, tel. +358 50 405 7657
Neste in brief
Neste (NESTE, Nasdaq Helsinki) creates sustainable solutions for transport, business, and consumer needs. Our wide range of renewable products enable our customers to reduce climate emissions. We are the world's largest producer of renewable diesel refined from waste and residues, introducing renewable solutions also to the aviation and plastics industries. We are also a technologically advanced refiner of high-quality oil products. We want to be a reliable partner with widely valued expertise, research, and sustainable operations. In 2017, Neste's revenue stood at EUR 13.2 billion. In 2018, Neste placed 2nd on the Global 100 list of the most sustainable companies in the world. Read more: neste.com
Borealis in brief
Borealis is a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers. With its head office in Vienna, Austria, the company currently has around 6,600 employees and operates in over 120 countries. Borealis generated EUR 7.5 billion in sales revenue and a net profit of EUR 1,095 million in 2017. Mubadala, through its holding company, owns 64% of the company, with the remaining 36% belonging to Austria-based OMV, an integrated, international oil and gas company. Borealis provides services and products to customers around the world in collaboration with Borouge, a joint venture with the Abu Dhabi National Oil Company (ADNOC). www.borealisgroup.com