Neste Increases Investment in Dutch Refinery Expansion to EUR 3 Billion

en.Wedoany.com Reported - On October 29, Finnish renewable fuel producer Neste raised its total investment estimate for the expansion of its renewable fuel refinery in Rotterdam, the Netherlands, from EUR 2.5 billion to approximately EUR 3 billion, an increase of about EUR 500 million, or 20%. Labor productivity issues during the mechanical construction phase, together with corrective construction measures and interdependencies among various project stages, led to higher construction costs. The project has now entered the late construction and commissioning phase, with the new production facilities expected to start up before the end of 2027.

The project is located in the Maasvlakte industrial area of the Port of Rotterdam, the Netherlands. It plans to add 1.3 million tonnes per year of renewable product capacity, raising the site's total annual capacity from 1.4 million tonnes to 2.7 million tonnes, including 1.2 million tonnes per year of sustainable aviation fuel (SAF) capacity. The expansion also includes feedstock pretreatment facilities and site logistics support capacity.

The project reached its final investment decision in June 2022, with an approved investment of approximately EUR 1.9 billion at that time, and construction began in August of the same year. Neste had previously revised its investment estimate to EUR 2.5 billion, and this latest increase adds another EUR 500 million. The latest project execution work focuses on completing mechanical construction, correcting the project schedule, and commissioning production facilities.

The existing units at the Rotterdam site completed a retrofit for sustainable aviation fuel production in April 2025 and have a SAF production capacity of up to 500,000 tonnes per year. The additional capacity project under construction will further expand the site's renewable fuel production scale, with the related new facilities expected to start operation before the end of 2027.