Neste acquires Bunge Loders Croklaan’s Rotterdam refinery to process feedstock

In the Netherlands, Neste will acquire the Bunge Loders Croklaan’s refinery plant located in Rotterdam, the Netherlands for a purchase price of EUR258 million. The refinery plant is located next to Neste’s existing biorefinery and it consists of a pretreatment facility, tank farm, jetties and has a pipeline connection to Neste’s site. The closing of the transaction is subject to the fulfillment of customary closing conditions and regulatory approval. The transition will be implemented in phases with the refinery plant’s full pretreatment capacity available for processing Neste’s feedstock by the end of 2024.

Neste will expand its renewables annual production capacity from 3.2 to 4.5 million tons by the first quarter of 2023, of which the Singapore facility expansion will provide 1.3 million tons. The now acquired refinery offers further pretreatment capacity and terminal infrastructure to handle the increasingly complex waste and residue feedstocks, and supports further growth in production capacity beyond 2023.