2008-06-04

Neste Oil to build a new isomerization unit to boost premium-quality gasoline output at Porvoo

Neste Oil has decided to build a new isomerization unit, costing approximately EUR 80 million, at its Porvoo refinery. The new unit will be capable of processing 600,000 t/a of existing gasoline fractions into higher-value, premium-quality gasoline, and will increase the refinery's total gasoline output by 200,000 t/a.

"The investment will enable us to use even low-grade fractions to produce low vapor pressure, high-octane gasoline, precisely the type of fuel that the market is willing to pay a premium for today," says Jorma Haavisto, Executive Vice President, Oil Refining.

Construction of the new unit will begin in 2009, and it is scheduled to come on stream at the beginning of 2011. Feedstock for the unit will come from the company's refineries at Porvoo and Naantali.

Information about the company: Neste Oyj