At the end of 2018, Neste Corporation made the final investment decision on additional renewable products production capacity in Singapore. The construction of the project started at the beginning of 2019. A foundation stone ceremony was organised in July 2019 to officially mark the extension of the new production line. The extended refinery will start commercial operations in 2023.
The EUR 1.65 billion investment will give Neste more options to choose between different product solutions in the whole production system. Currently, Neste Singapore refinery has capacity producing Neste MY renewable diesel. By the end of Q1 2023, Neste Singapore refinery will have additional capacity to produce up to 1 million tons of sustainable aviation fuel and renewable raw materials for polymers and chemicals. On top of that, once Singapore Expansion starts its operations, Neste will also have additional capabilities to enhance its raw material pretreatment, allowing us to process increasingly low-quality waste and residue raw materials.