Neste Jacobs Oy
Press Release
6 October 2014 at 9:00 am (EET)
Neste Jacobs to implement Neste Oil's investment in biopropane production in the Netherlands
Technology, engineering and project management company Neste Jacobs has been chosen as the EPCM contractor to design and implement the new biopropane production process at Neste Oil's Rotterdam refinery. Neste Oil and Neste Jacobs have in cooperation developed the new production process, which enables the separation of biopropane from the sidestream gases of the NEXBTL process. This will add value to the existing production process by adding a new renewable product to Neste Oil's product portfolio. When the new unit is complete, biopropane production is expected to total 30,000-40,000 t/a.
The investment includes storage tanks and interconnecting pipework in addition to the production unit itself. The project will start immediately and be ready for production before end of 2016. The total value of the investment is approximately EUR 60 million. Neste Jacobs carries out the project from its offices in Finland and the Netherlands in cooperation with its local partners.
"We are very proud to be the EPCM contractor for Neste Oil in this important investment", says Jarmo Suominen, Managing Director of Neste Jacobs. "We are aiming to be the preferred solution provider for the biorefining industry and this project now awarded to us strengthens this position very well."
"We have several good experiences of Neste Jacobs' capability to carry out large EPCM projects with high quality and all the way with good success. That is why we chose Neste Jacobs to carry out this significant project", says Kaisa Hietala, Executive Vice President, Renewable Products of Neste Oil. "During the recent years, Neste Jacobs, operating also from its Rotterdam office, has gained a lot of positive feedback in serving the local industry. Also in that respect our choice for the contractor is Neste Jacobs", adds Bart Leenders, Managing Director of Neste Oil Netherlands.
For more information, please contact:
Jarmo Suominen, Managing Director, Neste Jacobs Oy, tel + 358 50 458 3399
Kaisa Hietala, Executive Vice President, Renewable Products, Neste Oil Oyj, tel +358 50 458 4128
Neste Jacobs is a preferred solution provider of high-quality technology, engineering and project services for a wide range of industries in the oil and gas, petrochemicals, chemicals and biotechnology fields. We have more than 50 years of experience in technology development and industrial investment projects as well as maintenance and performance improvement in Europe, North and South America, Asia and the Middle East. In addition to the Nordic countries we are looking to grow in the expanding markets of the Middle East and Russia in particular. We employ more than 1.000 professionals globally.
www.nestejacobs.com (http://www.nestejacobs.com/)
Neste Oil Corporation is a refining and marketing company concentrating on low-emission, high-quality traffic fuels. The company produces a comprehensive range of major petroleum products and is the world's leading supplier of renewable diesel. Neste Oil had net sales of EUR 17.5 billion in 2013 and employs around 5,000 people, and is listed on NASDAQ OMX Helsinki. Neste Oil is included in the Dow Jones Sustainability World Index, and has featured in The Global 100 list of the world's most sustainable corporations for many years. Forest Footprint Disclosure (FFD) has ranked Neste Oil as one of the best performers in the oil & gas sector. Further information: www.nesteoil.com (http://www.nesteoil.com/)
Press Release
6 October 2014 at 9:00 am (EET)
Neste Jacobs to implement Neste Oil's investment in biopropane production in the Netherlands
Technology, engineering and project management company Neste Jacobs has been chosen as the EPCM contractor to design and implement the new biopropane production process at Neste Oil's Rotterdam refinery. Neste Oil and Neste Jacobs have in cooperation developed the new production process, which enables the separation of biopropane from the sidestream gases of the NEXBTL process. This will add value to the existing production process by adding a new renewable product to Neste Oil's product portfolio. When the new unit is complete, biopropane production is expected to total 30,000-40,000 t/a.
The investment includes storage tanks and interconnecting pipework in addition to the production unit itself. The project will start immediately and be ready for production before end of 2016. The total value of the investment is approximately EUR 60 million. Neste Jacobs carries out the project from its offices in Finland and the Netherlands in cooperation with its local partners.
"We are very proud to be the EPCM contractor for Neste Oil in this important investment", says Jarmo Suominen, Managing Director of Neste Jacobs. "We are aiming to be the preferred solution provider for the biorefining industry and this project now awarded to us strengthens this position very well."
"We have several good experiences of Neste Jacobs' capability to carry out large EPCM projects with high quality and all the way with good success. That is why we chose Neste Jacobs to carry out this significant project", says Kaisa Hietala, Executive Vice President, Renewable Products of Neste Oil. "During the recent years, Neste Jacobs, operating also from its Rotterdam office, has gained a lot of positive feedback in serving the local industry. Also in that respect our choice for the contractor is Neste Jacobs", adds Bart Leenders, Managing Director of Neste Oil Netherlands.
For more information, please contact:
Jarmo Suominen, Managing Director, Neste Jacobs Oy, tel + 358 50 458 3399
Kaisa Hietala, Executive Vice President, Renewable Products, Neste Oil Oyj, tel +358 50 458 4128
Neste Jacobs is a preferred solution provider of high-quality technology, engineering and project services for a wide range of industries in the oil and gas, petrochemicals, chemicals and biotechnology fields. We have more than 50 years of experience in technology development and industrial investment projects as well as maintenance and performance improvement in Europe, North and South America, Asia and the Middle East. In addition to the Nordic countries we are looking to grow in the expanding markets of the Middle East and Russia in particular. We employ more than 1.000 professionals globally.
www.nestejacobs.com (http://www.nestejacobs.com/)
Neste Oil Corporation is a refining and marketing company concentrating on low-emission, high-quality traffic fuels. The company produces a comprehensive range of major petroleum products and is the world's leading supplier of renewable diesel. Neste Oil had net sales of EUR 17.5 billion in 2013 and employs around 5,000 people, and is listed on NASDAQ OMX Helsinki. Neste Oil is included in the Dow Jones Sustainability World Index, and has featured in The Global 100 list of the world's most sustainable corporations for many years. Forest Footprint Disclosure (FFD) has ranked Neste Oil as one of the best performers in the oil & gas sector. Further information: www.nesteoil.com (http://www.nesteoil.com/)
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Neste Oil Oyj via Globenewswire
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Neste Oil Oyj via Globenewswire
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