Finland-headed oil refiner and renewable products producer Neste Oyj has opened an office in Melbourne, Australia to serve Neste’s waste and residue raw material sourcing operations in Australia and New Zealand. “The opening of our new office in Australia marks another important step in Neste’s global growth strategy. Our aim is to become a global leader in renewable and circular solutions," says Matti Lehmus, EVP of Renewables Platform at Neste.
Neste currently has renewable diesel production facilities in Singapore, the Netherlands, and Finland. The company’s renewable products production capacity is today close to 3 million tonnes annually.
The ongoing Singapore capacity expansion will bring the total renewable production capacity of Neste to 4.5 million tonnes annually in 2022.
By opening a local office, we are better placed to cooperate closely with our partners to secure the supply of waste and residue raw materials. This, in turn, enables us to serve the growing global demand for low-carbon solutions in transport and cities, aviation, polymers and chemicals, said Matti Lehmus.
As a result of this investment in a Melbourne office, Neste will have more flexibility between different product solutions in Singapore and be able to produce renewable diesel, renewable aviation fuel, and raw materials for various polymers and chemicals markets.
It also enables the use of increasingly low-quality waste and residue raw materials also for the existing refinery.
Different waste and residues account for approximately 80 percent of our renewable raw materials globally. With our own proprietary NEXBTL technology, renewable products can be refined flexibly from a wide variety of low-quality raw materials while the end-products retain their high quality. They support our customers in reducing their climate emissions, Lehmus added.
