Finnish oil refiner Neste Oil (Neste) plans to invest approximately €550 million in a NExBTL Renewable Diesel plant in Singapore. NExBTL Renewable Diesel is essentially biodiesel. Neste claim it is a second generation biodiesel but it still uses vegetable oil and animal fat feedstocks.
What likely sets NExBTL Renewable Diesel apart from other biodiesels is that its cold properties (cloud point) can be adjusted in the production from -5 to -30 ºC. Neste claim it is the cleanest renewable diesel fuel available and that it outperforms conventional fossil diesel.
When produced from sustainably sourced raw materials, Neste claim its total lifecycle greenhouse gas emissions are 40-60% less than those of conventional diesel fuel.
The main feedstock planned for the Singapore plant is palm oil. Neste has committed itself to only using palm oil certified by the Roundtable on Sustainable Palm Oil (RSPO), an organisation of which they are a member, as soon as sufficient quantities are available. Now that the RSPO has a certification scheme in place certified palm oil is expected to be available in 2008.
The Singapore plant will have a design capacity of 800,000 tonnes per annum, making it the largest facility producing diesel fuel from renewable feedstocks anywhere. This investment forms part of Neste’s strategic goal of becoming the world’s leading renewable diesel producer.
Construction of the Singapore plant will begin in the first half of 2008, and the facility is due to be completed by the end of 2010. The plant will be built in the Tuas industrial zone in the southwest of the island, around 30 minutes from the centre of Singapore.
Source: Neste Oil