News Post
Neste Jacobs chosen to engineer Naantali refinery upgrading in Finland
Neste Jacobs will perform EPCM (Engineering, Procurement, Construction Management) services for Neste's $67 million (EUR 60 million) investment in Naantali to improve the competitiveness of the refining operations. Neste Jacobs has earlier performed basic engineering for the project.
The investments are connected to the program announced in October 2014 with which Neste will develop the refineries in Porvoo and Naantali as one unit to improve the competitiveness of its refinery operations.
With these investment decisions, Neste will simplify the refinery structure in Naantali and improve the process efficiency, which will lower the production costs and increase feedstock supply to Porvoo refinery. Together with the investment program implemented in Porvoo, the share of heavy fuel oils in Neste's production will decline and the share of diesel will increase.
"We realize the importance of this investment both for Neste and the industry and are very happy to be a part of this interesting and complex assignment," said Jarmo Suominen, CEO of Neste Jacobs. "Being a substantial contributor in Neste One Refinery program strengthens our position as a preferred solution provider for hydrocarbon industries very well."
The project of combining the operations of the two refineries has proceeded as planned, and the new operating model will be in full operation by the middle of 2017.
"We are convinced of Neste Jacobs' capabilities to carry out this project and wanted a partner we can fully trust," said Matti Lehmus, executive vice preident of oil products at Neste. "This is a strategic investment for us, and Neste Jacobs has once again proved that they are the right solution provider for us."
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