Neste to proceed with new renewable products capacity in Rotterdam
Neste Corporation has made the final investment decision to invest into new renewable products production capacity in Rotterdam, The Netherlands, based on the substantial growth in demand for renewable products. The company’s target is to start up the new production unit during the first half of 2026.
Neste’s current 1.4 million ton capacity for renewable products in Rotterdam is the largest in Europe. The Rotterdam refinery expansion investment of approximately EUR1.9 billion (USD2.01 billion) will expand Neste’s overall renewable product capacity by 1.3 million tons per annum, bringing the total renewable product capacity in Rotterdam to 2.7 million tons annually. Sustainable aviation fuel (SAF) production capability will be 1.2 million tons out of the total 2.7 million tons.
“The investment in the expansion of our Rotterdam refinery strengthens our global leading position in renewable products. It also marks an important step in ensuring our future competitiveness and our renewables’ growth strategy execution as it will bring a substantial amount of renewable diesel, SAF and renewable feedstock for polymers and chemicals to our sustainability-focused customers,” says Matti Lehmus, president and CEO of Neste.
“This investment will further strengthen our competitive advantages which are based on the global optimization of our production and waste and residue raw material usage. With our proprietary NEXBTL™ technology, high quality renewable products can be refined flexibly from a wide variety of lower quality waste and residues. The new production line—together with our Singapore expansion—will be best in class in terms of energy efficiency and raw material flexibility,” says Lehmus.
Neste currently has a renewable products global production capacity of 3.3 million tons annually. Neste’s ongoing Singapore expansion project and the joint venture with Marathon in Martinez, California, U.S.A., which is still pending closing, will increase Neste’s total production capacity of renewable products to 5.5 million tons by the end of 202. When completed, the Rotterdam expansion project will further increase the company’s total production capacity of renewable products to 6.8 million tons by the end of 2026.