NEWS COMMENTARY

Neste breaks ground on its Singapore refinery expansion and expects full production by 2022

Published:
August 06, 2019
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by Yuan-Sheng Yu
Very important

After announcing its $1.6 billion investment to expand its Singapore refinery production capacity to 2.3 million MT, the company announced it has broken ground and expects to have the new production line operational by H1 2022. While Neste's renewable diesel continues to be an inreasing focus for the company, and nearly all the Singapore production ends up in California, Neste is exploring other renewable products, including applications in marine, and expanding its renewable products portfolio. As drop-in fuels are projected to grow to 4.8 billion gallons per year in nameplate capacity by 2025, Neste and its peers must seek alternative forms of feedstock in order to meet its supply demand as scrutiny on the use of palm oil increases.

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