Neste of Finland to Shut in Naantali Refinery Next Year
12/2/2020
Neste of Finland recently announced that it was planning to shut down the refinery operations at its Naantali facility by April 2021. This decision was made due to the pandemic driven decline in demand. This plan was announced in September, and Neste’s confirmation of the Q1 closure date was made in a late November statement. Neste added that "The Covid-19 pandemic has accelerated the decline in demand for oil products, which is not expected to recover to previous levels," and that "Fundamental changes are therefore required to secure the competitiveness of Neste's oil products business." The Naantali refinery has a refining capacity of 58,000 barrels per day, but early next year the foc
Related News
Sign up to Receive Our Newsletter
- Phase One of Nigeria’s Waltersmith Refinery Reaches Commissioning Status This Week
- Neste of Finland to Shut in Naantali Refinery Next Year
- Masdar and PT PJBI form joint venture to drive development of Indonesia’s first floating solar power plant
- Technip FMC prepares to start work on the Assiut hydrocracking complex in Egypt
- HE's position paper on the European Commission’s Strategy for a Sustainable and Smart Mobility
Project Spotlight
Owner:
Eolien Maritime France
Project:
Saint-Nazaire
Category:
Renewables
Type:
Offshore Wind
Capacity:
480 MW
Start:
2022
