Neste takes the plunge and decides to invest EUR1.4 billion in tripling renewable production in Singapore

In Finland, Neste Corporation has made the final investment decision on additional renewable products production capacity in Singapore. The decision is based on a growing global market demand for low-carbon solutions in transport and cities, aviation, polymers and chemicals.

The investment worth approximately EUR1.4 billion will extend Neste’s renewable product overall capacity in Singapore by up to 1.3 million tons per annum, bringing the total renewable product capacity close to 4.5 million tons annually in 2022. The company’s target is to start up the new production line during the first half of 2022.