Fintoil, invests more than EUR 100 million in a biorefinery

In Finland, Fintoil Ltd will build a crude tall oil refinery in Hamina. Fintoil and Port of HaminaKotka have signed a lease agreement on a site located in the Hamina oil port area. Neste Engineering Solutions Ltd has been commissioned for engineering and delivery of the biorefinery. Construction of the biorefinery will begin as soon as the company has secured the environmental and building permits, estimated earliest at the end of 2020. More than 60% of the biorefinery’s output will be directed as feedstock to biodiesel production.