Neste buys Netherlands biodiesel plant for pretreatment, storage
Neste has signed an agreement with Electrawinds ReFuel B.V. on the acquisition of a former biodiesel plant in Sluiskil in the Netherlands. Neste intends to use the Sluiskil plant for the storage and pretreatment of renewable raw materials for the company’s renewable diesel refineries.
“By acquiring the Sluiskil plant, we enable expanding our raw material base further,” said Kaisa Hietala, executive vice president of renewable products at Neste. “Many new raw materials are wastes and residues that are difficult to process, and they require good pretreatment before renewable diesel or aviation fuel can be produced from them. The pretreatment capacity and storage tanks at Sluiskil also contribute to facilitating our future growth.”
The aim is to complete the transaction during the first quarter of 2017. The purchase price will not be disclosed.
Previously, conventional FAME biodiesel was produced at Sluiskil. The plant has not been in production since January 2015, and it will enter into pretreatment and storage use after maintenance work during the second half of 2017. In its renewable products business, Neste aims to continue to focus on refining premium-quality renewable diesel, which can be used in all diesel engines and cuts greenhouse gas emissions by up to 90 percent compared to conventional fossil diesel.