Neste Oil plans to invest 42 million in improving the
energy efficiency and operational reliability of its Porvoo refinery
in Finland, the company announced on Friday.
As part of the investment, fired heaters at the refinery's crude distillation unit will be replaced
with new-generation heaters, which will help ensure more
consistent, incident-free operations at the site and yield
annual energy savings worth an estimated 4 million.
Our aim is to continually improve energy efficiency,
and the new project will further enhance energy
usage at the Porvoo refinery, which is already one of
Europe's most energy-efficient refineries," said Ilkka Poranen,
senior vice president of production and logistics for Neste
The investment will also ensure good operational reliability and productivity at the
refinery's crude distillation unit.
The project will begin immediately, and
the new heaters will be commissioned during the refinery's next major maintenance turnaround scheduled for
Neste Oil's engineering subsidiary, Neste Jacobs, will act
as the lead contractor for the project.