The Netherlands-headed Technip Energies N.V., a global construction, engineering, and technology major has announced that it has been awarded two contracts by Finland-headed oil refiner and renewable fuels producer Neste Oyj for work on the development of Neste's renewables production platform in Rotterdam, the Netherlands, as part of the existing Partnership Agreement between Neste and Technip Energies. The combined value of these two contracts is in the EUR 50 million – 250 million range.
The first contract covers engineering, procurement, and construction management (EPCM) services for the modification of Neste’s existing biorefinery in the Port of Rotterdam, to enable the production of sustainable aviation fuel (SAF).
The modifications to the biorefinery, an investment of approximately EUR 190 million, will enable Neste to optionally produce up to 500 000 tonnes of SAF per annum 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 biorefinery 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 the beginning of 2022.
The production process is based on Neste’s proprietary NEXBTL state-of-the-art technology, which allows the 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. 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, said Marco Villa, COO, Technip Energies.