Neste Corporation, Press Release, 5 June 2024 at 9:30 a.m. (EET)
The major turnaround with scheduled maintenance of Neste’s Porvoo refinery in Finland has now been successfully completed, and refining of crude oil as well as renewable and circular raw materials into more than 100 different products to customers globally continues.
“We completed a major maintenance shutdown in a condensed time frame. Neste has moved to a shorter turnaround interval as a result of careful assessment of costs and risks associated with the earlier five-year cycle. More frequent turnarounds are less complex and smaller in scope. The decision to move to a shorter cycle of 2.5 to 3 years is not directly related to the Porvoo refinery’s transformation but it does allow for more flexible implementation of the needed investments as we progress with the program,” says Markku Korvenranta, Executive Vice President in Oil Products business unit at Neste.
“We completed a large number of regulatory inspections, maintenance works of some 5,000 equipment, as well as asset improvement initiatives at the Porvoo refinery that cannot be done when the refinery is operating. The turnaround works focused on pressure equipment, as well as rotating equipment and pipelines. We would like to thank everyone for their seamless cooperation, expertise and active dialogue during this time and throughout the turnaround,” Jori Sahlsten, Senior Vice President of Refinery and Terminal operations from the Oil Products business at Neste Porvoo summarizes.
During the major turnaround, the Porvoo refinery was one of the largest construction sites in Finland. In total, some 7,600 people took part in the turnaround works and completed over 1.4 million working hours. The major turnaround investment in 2024 totaled approximately 390 million euros.
The major turnaround did not affect product deliveries to Neste’s customers. The Kilpilahti harbor in Porvoo and the refinery distribution terminal operated normally during the major turnaround.
Neste Corporation
Hanna Maula
Vice President, Communications and Brand
Further information: Please contact Neste's media service, tel. +358 800 94025 / media@neste.com (weekdays from 8.30 a.m. to 4.00 p.m. EET). Please subscribe to Neste’s releases at https://www.neste.com/for-media/releases-and-news/subscribe.
Photos for media
Neste in brief
Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. The company refines waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials.
As the world’s leading producer of sustainable aviation fuel and renewable diesel and a forerunner in developing renewable and circular feedstock solutions for polymers and chemicals, Neste helps its customers to reduce their greenhouse gas emissions by at least 20 million tons annually by 2030.
The company’s ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe. Neste is committed to reaching carbon-neutral production by 2035, and will reduce the carbon emission intensity of sold products by 50% by 2040. Neste has also set high standards for biodiversity, human rights and the supply chain. The company has consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2023, Neste's revenue stood at EUR 22.9 billion. Read more: neste.com...
Attachments
Read the full news release here
