Technip Energies
May 25, 20212 min
Technip Energies has been awarded two contracts by Neste Corp. for work on the development of its renewables production platform in Rotterdam, the Netherlands, as part of the existing partnership agreement between the two companies.
The first contract covers engineering, procurement services and construction management (EPCM) for the modification of Neste’s existing renewables production refinery in Rotterdam to enable greater production of sustainable aviation fuel (SAF). The modifications to the refinery, an investment of approximately 190 million euros, will enable Neste to optionally produce up to 500,000 tons of SAF per year as part of the existing capacity.
The second contract covers the front-end engineering and design (FEED) for Neste’s possible next world-scale renewable products refinery in Rotterdam. This contract is part of Neste’s preparations to enable a final investment decision by its board of directors, targeted for the end of 2021 or beginning of 2022.
The production process is based on Neste’s proprietary NEXBTL technology, which allows conversion of waste and residue feedstock into renewable products like renewable diesel, SAF and renewable solutions for the polymers and chemical industry.
“These awards reinforce our long-standing relationship with Neste, which started with the delivery of two world-scale renewable fuels units in Rotterdam and Singapore and followed up in 2018 with the Singapore expansion project,” said Marco Villa, chief operating officer of Technip Energies. “We are proud of the partnership signed with Neste in 2019 targeting the quest for renewable fuels by means of Neste’s leading-edge technology. This confirms the commitment by both parties to contribute to the energy transition supported by today’s market trend.”
The sum of these two contracts is worth between 50 million and 250 million euros.
Technip Energies offers a wide range of services and proprietary and partnership-based technologies, including biodiesel and biojet production technologies as well as first- and second-generation ethanol processes.